Sandstorm Gold (NYSE:SAND) Upgraded to “Buy” at StockNews.com

Sandstorm Gold (NYSE:SAND) was upgraded by equities research analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued on Wednesday.

Several other equities research analysts have also issued reports on the stock. Raymond James set a $9.75 price target on shares of Sandstorm Gold and gave the company an “outperform” rating in a report on Wednesday, May 7th. Royal Bank of Canada upped their target price on shares of Sandstorm Gold from $6.50 to $7.00 and gave the company an “outperform” rating in a research note on Friday, April 4th. HC Wainwright increased their price target on shares of Sandstorm Gold from $11.50 to $11.75 and gave the stock a “buy” rating in a research report on Thursday, May 8th. Finally, Scotiabank lifted their price objective on Sandstorm Gold from $7.25 to $8.25 and gave the company a “sector perform” rating in a report on Monday, April 14th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $9.25.

Sandstorm Gold Trading Up 1.7%

Shares of SAND opened at $8.41 on Wednesday. The stock’s 50-day moving average price is $7.84 and its 200 day moving average price is $6.55. The company has a quick ratio of 2.29, a current ratio of 1.95 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $2.47 billion, a price-to-earnings ratio of 168.23 and a beta of 0.48. Sandstorm Gold has a 12-month low of $4.92 and a 12-month high of $8.91.

Sandstorm Gold (NYSE:SAND) last announced its quarterly earnings data on Tuesday, May 6th. The company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.01). The firm had revenue of $50.10 million for the quarter, compared to analyst estimates of $71.61 million. Sandstorm Gold had a return on equity of 0.98% and a net margin of 8.11%. As a group, research analysts predict that Sandstorm Gold will post 0.18 earnings per share for the current year.

Hedge Funds Weigh In On Sandstorm Gold

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Barclays PLC raised its stake in shares of Sandstorm Gold by 6.4% in the third quarter. Barclays PLC now owns 399,854 shares of the company’s stock valued at $2,400,000 after acquiring an additional 23,947 shares during the last quarter. Fiduciary Family Office LLC bought a new position in Sandstorm Gold in the 4th quarter valued at $93,000. Money Concepts Capital Corp raised its position in Sandstorm Gold by 3.1% in the 4th quarter. Money Concepts Capital Corp now owns 177,499 shares of the company’s stock valued at $990,000 after purchasing an additional 5,393 shares during the last quarter. Louisbourg Investments Inc. boosted its stake in Sandstorm Gold by 17.4% in the fourth quarter. Louisbourg Investments Inc. now owns 728,182 shares of the company’s stock worth $4,071,000 after purchasing an additional 108,000 shares in the last quarter. Finally, Meixler Investment Management Ltd. bought a new stake in shares of Sandstorm Gold during the fourth quarter worth $66,000. 51.97% of the stock is currently owned by institutional investors and hedge funds.

About Sandstorm Gold

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.