Sandstorm Gold (NYSE:SAND) Reaches New 1-Year High at $5.88

Sandstorm Gold Ltd. (NYSE:SAND) shares hit a new 52-week high during mid-day trading on Friday . The company traded as high as $5.88 and last traded at $5.86, with a volume of 646427 shares changing hands. The stock had previously closed at $5.69.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on SAND. HC Wainwright reissued a “buy” rating and set a $11.00 price target on shares of Sandstorm Gold in a research report on Monday, May 6th. Scotiabank reduced their price target on shares of Sandstorm Gold from $6.50 to $6.25 and set a “sector perform” rating on the stock in a research report on Thursday, April 18th.

Sandstorm Gold Stock Up 3.0 %

The company has a debt-to-equity ratio of 0.29, a current ratio of 2.26 and a quick ratio of 2.26. The stock has a market capitalization of $1.75 billion, a P/E ratio of 71.13 and a beta of 1.08. The stock’s fifty day moving average is $5.32 and its two-hundred day moving average is $4.90.

Sandstorm Gold (NYSE:SAND) last released its quarterly earnings results on Thursday, February 15th. The company reported $0.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.06. The business had revenue of $44.50 million for the quarter, compared to analyst estimates of $46.30 million. Sandstorm Gold had a net margin of 12.24% and a return on equity of 1.52%. As a group, research analysts predict that Sandstorm Gold Ltd. will post 0.08 earnings per share for the current fiscal year.

Sandstorm Gold Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 26th. Investors of record on Tuesday, April 16th were issued a dividend of $0.0147 per share. The ex-dividend date of this dividend was Monday, April 15th. This represents a $0.06 annualized dividend and a dividend yield of 1.00%. Sandstorm Gold’s dividend payout ratio is 75.01%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Principal Securities Inc. acquired a new stake in shares of Sandstorm Gold during the 4th quarter worth about $25,000. Perritt Capital Management Inc. acquired a new position in Sandstorm Gold in the first quarter worth $31,000. Creekmur Asset Management LLC bought a new stake in shares of Sandstorm Gold during the fourth quarter worth $39,000. Sequoia Financial Advisors LLC bought a new position in shares of Sandstorm Gold in the third quarter valued at about $47,000. Finally, Van Hulzen Asset Management LLC bought a new stake in Sandstorm Gold during the 4th quarter worth about $50,000. Institutional investors own 51.97% of the company’s stock.

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.