Sandstorm Gold (NYSE:SAND) Shares Up 2.4%

Shares of Sandstorm Gold Ltd. (NYSE:SANDGet Rating) rose 2.4% on Friday . The stock traded as high as $5.49 and last traded at $5.49. Approximately 351,152 shares changed hands during mid-day trading, a decline of 86% from the average daily volume of 2,462,018 shares. The stock had previously closed at $5.36.

Analysts Set New Price Targets

SAND has been the subject of several recent research reports. initiated coverage on Sandstorm Gold in a report on Thursday. They issued a “sell” rating for the company. National Bank Financial cut their target price on Sandstorm Gold from C$9.00 to C$8.00 in a research note on Thursday, February 23rd. CIBC cut their target price on Sandstorm Gold from C$12.50 to C$10.50 in a research note on Tuesday, February 7th. Raymond James cut their target price on Sandstorm Gold from $9.00 to $8.75 and set an “outperform” rating on the stock in a research note on Thursday, February 23rd. Finally, HC Wainwright reissued a “buy” rating and issued a $12.50 price target on shares of Sandstorm Gold in a report on Thursday, February 23rd. One analyst has rated the stock with a sell rating and six have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $9.94.

Sandstorm Gold Trading Up 6.9 %

The company has a current ratio of 1.72, a quick ratio of 1.24 and a debt-to-equity ratio of 0.35. The company has a fifty day simple moving average of $5.41 and a 200-day simple moving average of $5.35. The company has a market capitalization of $1.71 billion, a PE ratio of 15.49 and a beta of 0.94.

Sandstorm Gold Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 27th. Shareholders of record on Tuesday, January 17th were issued a $0.0147 dividend. This is a boost from Sandstorm Gold’s previous quarterly dividend of $0.01. This represents a $0.06 annualized dividend and a yield of 1.03%. The ex-dividend date was Friday, January 13th. Sandstorm Gold’s dividend payout ratio is presently 16.22%.

Hedge Funds Weigh In On Sandstorm Gold

Hedge funds have recently modified their holdings of the business. Acadian Asset Management LLC purchased a new position in shares of Sandstorm Gold during the 1st quarter worth $25,000. Hollencrest Capital Management acquired a new position in Sandstorm Gold during the 4th quarter worth about $32,000. CoreCap Advisors LLC acquired a new position in Sandstorm Gold during the 2nd quarter worth about $43,000. Barclays PLC lifted its stake in Sandstorm Gold by 302.5% during the 3rd quarter. Barclays PLC now owns 9,600 shares of the company’s stock worth $50,000 after acquiring an additional 7,215 shares in the last quarter. Finally, Beaumont Financial Partners LLC acquired a new position in Sandstorm Gold during the 3rd quarter worth about $52,000. 55.62% of the stock is currently owned by hedge funds and other institutional investors.

Sandstorm Gold Company Profile

(Get Rating)

Sandstorm Gold Ltd. engages in the acquisition of gold and other metals purchase agreements and royalties. It operates through the following segments: Aurizona, Black Fox, Bracemac-McLeod, Chapada, Diavik, Fruta del Norte, Hounde, Karma, Relief Canyon, Santa Elena, Vale Royalties, Yamana Silver Stream, Other, and Corporate.

Featured Articles

Receive News & Ratings for Sandstorm Gold Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sandstorm Gold and related companies with's FREE daily email newsletter.