Sandstorm Gold Ltd. (NYSE:SAND) Receives Consensus Rating of “Moderate Buy” from Analysts

Sandstorm Gold Ltd. (NYSE:SAND – Get Rating) has been given an average recommendation of “Moderate Buy” by the nine research firms that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation and four have assigned a buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $9.66.

A number of analysts recently commented on SAND shares. StockNews.com upgraded Sandstorm Gold to a “sell” rating in a research report on Wednesday, April 19th. HC Wainwright reiterated a “buy” rating and issued a $12.50 price target on shares of Sandstorm Gold in a report on Thursday, February 23rd. National Bank Financial raised their price objective on Sandstorm Gold from C$8.00 to C$9.25 in a report on Tuesday, April 18th. Royal Bank of Canada raised Sandstorm Gold from a “sector perform” rating to an “outperform” rating and set a $6.50 target price on the stock in a research report on Thursday, March 2nd. Finally, Stifel Nicolaus lowered their price objective on Sandstorm Gold from C$12.50 to C$12.25 in a research report on Thursday, February 23rd.

Institutional Investors Weigh In On Sandstorm Gold

Several hedge funds have recently made changes to their positions in SAND. Guggenheim Capital LLC raised its stake in shares of Sandstorm Gold by 0.9% in the first quarter. Guggenheim Capital LLC now owns 181,228 shares of the company’s stock worth $1,464,000 after acquiring an additional 1,614 shares during the last quarter. Profund Advisors LLC increased its position in shares of Sandstorm Gold by 13.7% during the first quarter. Profund Advisors LLC now owns 19,270 shares of the company’s stock worth $112,000 after acquiring an additional 2,326 shares in the last quarter. Barclays PLC increased its position in shares of Sandstorm Gold by 25.0% during the fourth quarter. Barclays PLC now owns 12,000 shares of the company’s stock worth $63,000 after acquiring an additional 2,400 shares in the last quarter. Creative Planning increased its position in shares of Sandstorm Gold by 13.9% during the fourth quarter. Creative Planning now owns 21,380 shares of the company’s stock worth $112,000 after acquiring an additional 2,615 shares in the last quarter. Finally, HighTower Advisors LLC increased its position in shares of Sandstorm Gold by 4.6% during the first quarter. HighTower Advisors LLC now owns 61,102 shares of the company’s stock worth $360,000 after acquiring an additional 2,712 shares in the last quarter. Hedge funds and other institutional investors own 55.62% of the company’s stock.

Sandstorm Gold Price Performance

Shares of SAND opened at $5.74 on Friday. The stock has a market cap of $1.71 billion, a P/E ratio of 15.51 and a beta of 0.97. The business’s fifty day moving average is $5.75 and its 200 day moving average is $5.47. Sandstorm Gold has a 12-month low of $4.51 and a 12-month high of $7.07. The company has a quick ratio of 1.72, a current ratio of 1.72 and a debt-to-equity ratio of 0.35.

Sandstorm Gold (NYSE:SAND – Get Rating) last announced its quarterly earnings data on Tuesday, February 21st. The company reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.02). The firm had revenue of $38.45 million for the quarter, compared to analysts’ expectations of $38.00 million. Sandstorm Gold had a net margin of 52.55% and a return on equity of 3.04%. Sell-side analysts anticipate that Sandstorm Gold will post 0.09 earnings per share for the current fiscal year.

Sandstorm Gold Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 28th. Stockholders of record on Tuesday, April 18th were issued a $0.015 dividend. The ex-dividend date of this dividend was Monday, April 17th. This is a boost from Sandstorm Gold’s previous quarterly dividend of $0.01. This represents a $0.06 annualized dividend and a dividend yield of 1.05%. Sandstorm Gold’s dividend payout ratio (DPR) is 13.51%.

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.