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

Sandstorm Gold Ltd. (NYSE:SAND) has been assigned an average recommendation of “Moderate Buy” from the five analysts that are covering the stock, Marketbeat reports. Two research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $8.35.

Several brokerages have recently weighed in on SAND. HC Wainwright raised their price target on shares of Sandstorm Gold from $11.50 to $12.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. StockNews.com downgraded shares of Sandstorm Gold from a “buy” rating to a “hold” rating in a research report on Thursday, November 14th. Finally, Royal Bank of Canada cut their price target on shares of Sandstorm Gold from $6.50 to $6.00 and set an “outperform” rating on the stock in a research report on Tuesday, September 10th.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of SAND. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its stake in Sandstorm Gold by 2.2% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 3,634,027 shares of the company’s stock valued at $19,766,000 after purchasing an additional 78,032 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Sandstorm Gold by 42.2% in the second quarter. Dimensional Fund Advisors LP now owns 3,149,232 shares of the company’s stock valued at $17,162,000 after buying an additional 935,005 shares during the last quarter. Helikon Investments Ltd boosted its stake in shares of Sandstorm Gold by 61.8% during the 2nd quarter. Helikon Investments Ltd now owns 2,086,579 shares of the company’s stock worth $11,351,000 after acquiring an additional 796,800 shares during the period. Bank of Montreal Can increased its holdings in shares of Sandstorm Gold by 2.7% during the 2nd quarter. Bank of Montreal Can now owns 1,560,657 shares of the company’s stock worth $8,511,000 after acquiring an additional 41,623 shares during the last quarter. Finally, Sagil Capital LLP bought a new stake in Sandstorm Gold in the 2nd quarter valued at $8,041,000. 51.97% of the stock is currently owned by institutional investors and hedge funds.

Sandstorm Gold Stock Performance

Shares of SAND stock opened at $5.79 on Friday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.29 and a current ratio of 2.29. Sandstorm Gold has a 52 week low of $3.96 and a 52 week high of $6.50. The company’s 50 day moving average price is $5.94 and its two-hundred day moving average price is $5.73. The company has a market capitalization of $1.72 billion, a P/E ratio of 48.25 and a beta of 1.13.

Sandstorm Gold (NYSE:SAND) last released its quarterly earnings results on Thursday, November 7th. The company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.01). The firm had revenue of $44.70 million during the quarter, compared to analyst estimates of $44.70 million. Sandstorm Gold had a net margin of 20.46% and a return on equity of 2.44%. On average, analysts expect that Sandstorm Gold will post 0.09 earnings per share for the current fiscal year.

Sandstorm Gold Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 25th. Shareholders of record on Tuesday, October 15th were given a dividend of $0.015 per share. This is a positive change from Sandstorm Gold’s previous quarterly dividend of $0.01. This represents a $0.06 annualized dividend and a yield of 1.04%. The ex-dividend date was Tuesday, October 15th. Sandstorm Gold’s dividend payout ratio is 50.00%.

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.