Sandstorm Gold (NYSE:SAND) Shares Up 2.4%

Shares of Sandstorm Gold Ltd. (NYSE:SAND – Get 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. StockNews.com 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

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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.