Sandstorm Gold (NYSE:SAND) Given Buy Rating at HC Wainwright

Sandstorm Gold (NYSE:SAND)‘s stock had its “buy” rating reaffirmed by analysts at HC Wainwright in a research note issued on Monday, Benzinga reports. They currently have a $11.00 price objective on the stock. HC Wainwright’s price target would indicate a potential upside of 95.73% from the stock’s previous close.

Separately, Scotiabank reduced their price objective on Sandstorm Gold from $6.50 to $6.25 and set a “sector perform” rating for the company in a research report on Thursday, April 18th.

Sandstorm Gold Stock Performance

Shares of SAND stock opened at $5.62 on Monday. The company has a quick ratio of 2.26, a current ratio of 2.26 and a debt-to-equity ratio of 0.29. The company has a 50 day moving average price of $5.12 and a 200-day moving average price of $4.85. Sandstorm Gold has a 52 week low of $3.96 and a 52 week high of $6.24. The firm has a market capitalization of $1.67 billion, a PE ratio of 70.26 and a beta of 1.08.

Sandstorm Gold (NYSE:SAND) last issued its earnings results on Thursday, February 15th. The company reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.06. The company had revenue of $44.50 million for the quarter, compared to analysts’ expectations of $46.30 million. Sandstorm Gold had a net margin of 12.24% and a return on equity of 1.52%. As a group, equities research analysts expect that Sandstorm Gold will post 0.09 earnings per share for the current year.

Institutional Trading of Sandstorm Gold

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Principal Securities Inc. bought a new position in shares of Sandstorm Gold in the fourth quarter worth about $25,000. Creekmur Asset Management LLC purchased a new position in Sandstorm Gold in the 4th quarter worth approximately $39,000. Sequoia Financial Advisors LLC bought a new position in Sandstorm Gold in the 3rd quarter worth approximately $47,000. Van Hulzen Asset Management LLC purchased a new stake in Sandstorm Gold during the 4th quarter valued at approximately $50,000. Finally, Anchor Investment Management LLC purchased a new stake in Sandstorm Gold during the 4th quarter valued at approximately $53,000. 51.97% of the stock is owned by hedge funds and other institutional investors.

Sandstorm Gold Company Profile

Sandstorm Gold Ltd. operates as a gold royalty company. The company focuses on acquiring royalties and gold and other metals purchase agreements from companies that have advanced stage operating mines. It offers upfront payments for companies to acquire a stream and receives the right to purchase a percentage of a mine's production for the life of the mine.