Analysts Set Sandstorm Gold Ltd (NYSE:SAND) Price Target at $10.15

Sandstorm Gold Ltd (NYSE:SAND) has been given an average rating of “Moderate Buy” by the six research firms that are covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is $10.15.

Several equities analysts have weighed in on the company. TD Securities cut Sandstorm Gold from a “buy” rating to a “sell” rating and set a $14.00 price target for the company. in a report on Thursday, July 10th. Scotiabank raised their price target on Sandstorm Gold from $7.25 to $8.25 and gave the company a “sector perform” rating in a report on Monday, April 14th. HC Wainwright raised their price target on Sandstorm Gold from $11.50 to $11.75 and gave the company a “buy” rating in a report on Thursday, May 8th. Raymond James Financial set a $9.75 price target on Sandstorm Gold and gave the company an “outperform” rating in a report on Wednesday, May 7th. Finally, National Bankshares restated an “outperform” rating on shares of Sandstorm Gold in a report on Tuesday, June 24th.

Sandstorm Gold Trading Up 0.5%

Sandstorm Gold stock opened at $9.58 on Wednesday. The stock has a market cap of $2.81 billion, a P/E ratio of 95.81 and a beta of 0.46. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.77 and a quick ratio of 1.77. Sandstorm Gold has a 1 year low of $4.92 and a 1 year high of $10.44. The firm’s 50 day moving average price is $9.15 and its 200-day moving average price is $7.62.

Sandstorm Gold (NYSE:SAND) last released its quarterly earnings data on Tuesday, May 6th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.01). The company had revenue of $50.10 million for the quarter, compared to the consensus estimate of $71.61 million. Sandstorm Gold had a net margin of 15.80% and a return on equity of 2.00%. On average, equities analysts predict that Sandstorm Gold will post 0.18 earnings per share for the current fiscal year.

Sandstorm Gold Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 25th. Stockholders of record on Tuesday, July 15th will be paid a $0.02 dividend. This represents a $0.08 annualized dividend and a dividend yield of 0.84%. This is a positive change from Sandstorm Gold’s previous quarterly dividend of $0.01. The ex-dividend date is Tuesday, July 15th. Sandstorm Gold’s dividend payout ratio (DPR) is presently 60.00%.

Institutional Investors Weigh In On Sandstorm Gold

Several institutional investors have recently modified their holdings of SAND. Boston Partners lifted its stake in shares of Sandstorm Gold by 39,289.9% during the 4th quarter. Boston Partners now owns 9,812,015 shares of the company’s stock worth $54,751,000 after acquiring an additional 9,787,105 shares during the last quarter. Wellington Management Group LLP purchased a new stake in shares of Sandstorm Gold during the first quarter valued at $15,617,000. Two Sigma Advisers LP boosted its stake in shares of Sandstorm Gold by 580.6% during the fourth quarter. Two Sigma Advisers LP now owns 2,314,684 shares of the company’s stock valued at $12,916,000 after purchasing an additional 1,974,600 shares during the period. Millennium Management LLC boosted its stake in shares of Sandstorm Gold by 731.7% during the first quarter. Millennium Management LLC now owns 2,032,823 shares of the company’s stock valued at $15,348,000 after purchasing an additional 1,788,404 shares during the period. Finally, Invesco Ltd. boosted its stake in shares of Sandstorm Gold by 35.0% during the fourth quarter. Invesco Ltd. now owns 6,522,246 shares of the company’s stock valued at $36,394,000 after purchasing an additional 1,691,296 shares during the period. 51.97% of the stock is owned by institutional investors.

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.