Sandstorm Gold Ltd (NYSE:SAND) Receives $9.25 Average PT from Analysts

Sandstorm Gold Ltd (NYSE:SAND) has been given an average rating of “Moderate Buy” by the six ratings firms that are covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $9.25.

A number of brokerages recently commented on SAND. Royal Bank Of Canada increased their price target on Sandstorm Gold from $6.50 to $7.00 and gave the company an “outperform” rating in a report on Friday, April 4th. Wall Street Zen raised Sandstorm Gold from a “hold” rating to a “buy” rating in a report on Wednesday, May 21st. Raymond James Financial set a $9.75 price target on Sandstorm Gold and gave the company an “outperform” rating in a report on Wednesday, May 7th. National Bankshares reissued an “outperform” rating on shares of Sandstorm Gold in a report on Tuesday. Finally, Scotiabank increased their price target on Sandstorm Gold from $7.25 to $8.25 and gave the company a “sector perform” rating in a report on Monday, April 14th.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the company. Money Concepts Capital Corp raised its position in shares of Sandstorm Gold by 0.9% during the 1st quarter. Money Concepts Capital Corp now owns 179,107 shares of the company’s stock worth $1,352,000 after purchasing an additional 1,608 shares during the period. SG Americas Securities LLC raised its position in shares of Sandstorm Gold by 2.1% during the 1st quarter. SG Americas Securities LLC now owns 111,762 shares of the company’s stock worth $844,000 after purchasing an additional 2,307 shares during the period. Bank of New York Mellon Corp raised its position in shares of Sandstorm Gold by 21.0% during the 4th quarter. Bank of New York Mellon Corp now owns 13,897 shares of the company’s stock worth $78,000 after purchasing an additional 2,416 shares during the period. PFG Investments LLC raised its position in shares of Sandstorm Gold by 8.8% during the 1st quarter. PFG Investments LLC now owns 34,979 shares of the company’s stock worth $264,000 after purchasing an additional 2,829 shares during the period. Finally, Swiss National Bank increased its position in Sandstorm Gold by 0.6% in the 4th quarter. Swiss National Bank now owns 501,762 shares of the company’s stock valued at $2,805,000 after acquiring an additional 3,000 shares during the period. Institutional investors own 51.97% of the company’s stock.

Sandstorm Gold Price Performance

Shares of NYSE SAND opened at $9.03 on Friday. Sandstorm Gold has a 1-year low of $4.92 and a 1-year high of $9.68. The business has a 50-day moving average of $8.80 and a 200-day moving average of $7.19. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.77 and a quick ratio of 1.77. The company has a market capitalization of $2.65 billion, a price-to-earnings ratio of 90.26 and a beta of 0.46.

Sandstorm Gold (NYSE:SAND) last issued its earnings results on Tuesday, May 6th. The company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.01). Sandstorm Gold had a return on equity of 2.00% and a net margin of 15.80%. The company had revenue of $50.10 million during the quarter, compared to analysts’ expectations of $71.61 million. On average, equities analysts anticipate that Sandstorm Gold will post 0.18 EPS for the current fiscal year.

Sandstorm Gold Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 25th. Shareholders of record on Tuesday, July 15th will be issued a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a yield of 0.89%. The ex-dividend date is Tuesday, July 15th. This is an increase from Sandstorm Gold’s previous quarterly dividend of $0.01. Sandstorm Gold’s dividend payout ratio (DPR) is currently 60.00%.

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.