Analysts Set Sandstorm Gold Ltd. (NYSE:SAND) Price Target at $9.06

Sandstorm Gold Ltd. (NYSE:SAND) has received a consensus rating of “Moderate Buy” from the five research firms that are currently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $9.25.

SAND has been the subject of a number of research reports. Scotiabank raised their price target on shares of Sandstorm Gold from $7.25 to $8.25 and gave the stock a “sector perform” rating in a report on Monday, April 14th. Royal Bank of Canada boosted their target price on Sandstorm Gold from $6.50 to $7.00 and gave the company an “outperform” rating in a research report on Friday, April 4th. StockNews.com upgraded Sandstorm Gold from a “hold” rating to a “buy” rating in a report on Wednesday, February 26th. HC Wainwright boosted their price objective on Sandstorm Gold from $11.50 to $11.75 and gave the company a “buy” rating in a report on Thursday. Finally, Raymond James set a $9.75 target price on Sandstorm Gold and gave the stock an “outperform” rating in a report on Wednesday.

Sandstorm Gold Stock Down 1.6 %

Shares of NYSE SAND opened at $8.57 on Friday. The company’s 50 day moving average price is $7.52 and its 200-day moving average price is $6.44. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.29 and a current ratio of 1.95. Sandstorm Gold has a 52-week low of $4.92 and a 52-week high of $8.91. The company has a market capitalization of $2.51 billion, a P/E ratio of 171.37 and a beta of 0.48.

Sandstorm Gold (NYSE:SAND) last issued its quarterly earnings results 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 business had revenue of $50.10 million during the quarter, compared to analyst estimates of $71.61 million. Sandstorm Gold had a net margin of 8.11% and a return on equity of 0.98%. Equities analysts forecast that Sandstorm Gold will post 0.18 earnings per share for the current year.

Sandstorm Gold Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 25th. Investors of record on Monday, April 14th were given a $0.014 dividend. This represents a $0.06 dividend on an annualized basis and a yield of 0.65%. The ex-dividend date was Monday, April 14th. Sandstorm Gold’s payout ratio is currently 100.00%.

Hedge Funds Weigh In On Sandstorm Gold

Hedge funds have recently bought and sold shares of the company. Cantor Fitzgerald L. P. bought a new position in shares of Sandstorm Gold during the fourth quarter valued at about $56,000. Lifeworks Advisors LLC purchased a new position in shares of Sandstorm Gold in the 4th quarter worth approximately $57,000. Meixler Investment Management Ltd. bought a new position in shares of Sandstorm Gold in the fourth quarter valued at approximately $66,000. JTC Employer Solutions Trustee Ltd purchased a new stake in shares of Sandstorm Gold during the fourth quarter valued at approximately $72,000. Finally, Bank of New York Mellon Corp lifted its holdings in Sandstorm Gold by 21.0% during the fourth quarter. Bank of New York Mellon Corp now owns 13,897 shares of the company’s stock worth $78,000 after acquiring an additional 2,416 shares during the period. 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.