Sandstorm Gold (NYSE:SAND) Given New $11.50 Price Target at HC Wainwright

Sandstorm Gold (NYSE:SAND) had its price target lowered by analysts at HC Wainwright from $12.00 to $11.50 in a report issued on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. HC Wainwright’s price objective points to a potential upside of 85.93% from the stock’s previous close.

Separately, StockNews.com downgraded Sandstorm Gold from a “buy” rating to a “hold” rating in a report on Thursday, February 13th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $8.38.

Sandstorm Gold Price Performance

SAND stock opened at $6.19 on Wednesday. The company has a quick ratio of 2.29, a current ratio of 2.29 and a debt-to-equity ratio of 0.26. Sandstorm Gold has a 52-week low of $3.99 and a 52-week high of $6.67. The stock’s 50 day moving average is $5.82 and its two-hundred day moving average is $5.80. The company has a market capitalization of $1.83 billion, a PE ratio of 123.72 and a beta of 1.10.

Sandstorm Gold (NYSE:SAND) last posted its quarterly earnings data on Tuesday, February 18th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.03). Sandstorm Gold had a return on equity of 0.98% and a net margin of 8.11%. The business had revenue of $47.40 million for the quarter, compared to analysts’ expectations of $67.49 million. During the same quarter in the prior year, the firm earned ($0.04) earnings per share. Analysts predict that Sandstorm Gold will post 0.19 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Sandstorm Gold

A number of institutional investors have recently made changes to their positions in SAND. Private Advisor Group LLC increased its holdings in shares of Sandstorm Gold by 2.2% in the 3rd quarter. Private Advisor Group LLC now owns 314,963 shares of the company’s stock valued at $1,890,000 after acquiring an additional 6,669 shares during the last quarter. Allworth Financial LP acquired a new position in Sandstorm Gold during the 3rd quarter valued at approximately $60,000. Pullen Investment Management LLC boosted its position in Sandstorm Gold by 14.0% during the 3rd quarter. Pullen Investment Management LLC now owns 125,360 shares of the company’s stock valued at $752,000 after purchasing an additional 15,384 shares during the period. Intact Investment Management Inc. boosted its position in Sandstorm Gold by 195.0% during the 3rd quarter. Intact Investment Management Inc. now owns 130,100 shares of the company’s stock valued at $781,000 after purchasing an additional 86,000 shares during the period. Finally, Aigen Investment Management LP boosted its position in Sandstorm Gold by 32.4% during the 3rd quarter. Aigen Investment Management LP now owns 42,385 shares of the company’s stock valued at $254,000 after purchasing an additional 10,363 shares during the period. 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.