Sandstorm Gold (NYSE:SAND) Downgraded to Hold Rating by StockNews.com

StockNews.com lowered shares of Sandstorm Gold (NYSE:SAND) from a buy rating to a hold rating in a report issued on Tuesday.

A number of other research firms have also recently issued reports on SAND. Raymond James set a $9.75 target price on Sandstorm Gold and gave the company an “outperform” rating in a research report on Wednesday, May 7th. Scotiabank boosted their price target on shares of Sandstorm Gold from $7.25 to $8.25 and gave the stock a “sector perform” rating in a research report on Monday, April 14th. HC Wainwright boosted 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, Royal Bank of Canada boosted their price target on Sandstorm Gold from $6.50 to $7.00 and gave the company an “outperform” rating in a research note on Friday, April 4th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $9.25.

Sandstorm Gold Stock Up 1.2%

SAND stock opened at $8.15 on Tuesday. Sandstorm Gold has a 52 week low of $4.92 and a 52 week high of $8.91. 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 business has a 50-day simple moving average of $7.72 and a 200 day simple moving average of $6.50. The company has a market cap of $2.39 billion, a PE ratio of 163.03 and a beta of 0.48.

Sandstorm Gold (NYSE:SAND) last released its earnings results on Tuesday, May 6th. The company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.01). Sandstorm Gold had a net margin of 8.11% and a return on equity of 0.98%. The business had revenue of $50.10 million during the quarter, compared to the consensus estimate of $71.61 million. Sell-side analysts anticipate that Sandstorm Gold will post 0.18 EPS for the current fiscal 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 0.69%. The ex-dividend date of this dividend was Monday, April 14th. Sandstorm Gold’s payout ratio is currently 50.00%.

Institutional Investors Weigh In On Sandstorm Gold

Institutional investors and hedge funds have recently bought and sold shares of the stock. Cantor Fitzgerald L. P. bought a new position in Sandstorm Gold in the 4th quarter valued at $56,000. Lifeworks Advisors LLC purchased a new stake in Sandstorm Gold during the fourth quarter valued at about $57,000. Meixler Investment Management Ltd. purchased a new stake in Sandstorm Gold during the fourth quarter valued at about $66,000. Venture Visionary Partners LLC purchased a new stake in Sandstorm Gold during the first quarter valued at about $91,000. 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 valued at $78,000 after purchasing an additional 2,416 shares during the last quarter. 51.97% of the stock is owned by hedge funds and other 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.