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

Shares of Sandstorm Gold Ltd. (NYSE:SAND) have been assigned a consensus recommendation of “Moderate Buy” from the five analysts that are presently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $9.46.

A number of brokerages have recently weighed in on SAND. Royal Bank of Canada cut their price target on shares of Sandstorm Gold from $6.50 to $6.00 and set an “outperform” rating for the company in a report on Tuesday. Scotiabank upped their target price on Sandstorm Gold from $6.25 to $6.50 and gave the stock a “sector perform” rating in a research note on Thursday, May 23rd. CIBC lifted their price target on Sandstorm Gold from $9.00 to $9.50 and gave the company a “neutral” rating in a research note on Wednesday, July 10th. StockNews.com cut Sandstorm Gold from a “buy” rating to a “hold” rating in a report on Monday, August 26th. Finally, HC Wainwright raised their price objective on Sandstorm Gold from $11.00 to $11.50 and gave the company a “buy” rating in a research note on Monday, August 5th.

Sandstorm Gold Price Performance

NYSE:SAND traded up $0.11 during trading hours on Tuesday, reaching $5.60. 1,480,919 shares of the company were exchanged, compared to its average volume of 2,109,032. The company has a market capitalization of $1.67 billion, a P/E ratio of 70.00 and a beta of 1.14. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.99 and a quick ratio of 1.99. The business has a 50 day moving average of $5.57 and a 200 day moving average of $5.40. Sandstorm Gold has a 1-year low of $3.96 and a 1-year high of $6.07.

Sandstorm Gold (NYSE:SAND) last issued its quarterly earnings results on Thursday, August 1st. The company reported $0.03 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.01. Sandstorm Gold had a return on equity of 2.06% and a net margin of 17.55%. The company had revenue of $41.37 million for the quarter, compared to analysts’ expectations of $40.50 million. During the same quarter last year, the business earned $0.01 earnings per share. Research analysts forecast that Sandstorm Gold will post 0.09 EPS for the current year.

Sandstorm Gold Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 26th. Investors of record on Tuesday, July 16th were issued a dividend of $0.0146 per share. This represents a $0.06 annualized dividend and a dividend yield of 1.04%. The ex-dividend date of this dividend was Tuesday, July 16th. Sandstorm Gold’s dividend payout ratio (DPR) is 62.50%.

Institutional Trading of Sandstorm Gold

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Principal Securities Inc. bought a new stake in shares of Sandstorm Gold in the fourth quarter worth $25,000. Perritt Capital Management Inc. acquired a new stake in shares of Sandstorm Gold in the first quarter valued at about $31,000. Creekmur Asset Management LLC bought a new position in shares of Sandstorm Gold during the fourth quarter worth about $39,000. Oxford Asset Management LLP acquired a new position in shares of Sandstorm Gold in the fourth quarter worth approximately $53,000. Finally, Jump Financial LLC bought a new stake in Sandstorm Gold in the fourth quarter valued at approximately $59,000. 51.97% of the stock is currently 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.