Sandstorm Gold Ltd (NYSE:SAND) Receives $10.15 Average Price Target from Brokerages

Sandstorm Gold Ltd (NYSE:SAND) has been assigned a consensus recommendation of “Hold” from the eight brokerages that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $10.15.

A number of research analysts have recently commented on SAND shares. TD Securities lowered shares of Sandstorm Gold from a “buy” rating to a “sell” rating and set a $14.00 price target for the company. in a research report on Thursday, July 10th. Weiss Ratings restated a “hold (c)” rating on shares of Sandstorm Gold in a research report on Saturday, September 27th. National Bankshares restated an “outperform” rating on shares of Sandstorm Gold in a research report on Tuesday, June 24th. Finally, Stifel Canada lowered shares of Sandstorm Gold from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 21st.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Farther Finance Advisors LLC grew its position in Sandstorm Gold by 181.8% in the second quarter. Farther Finance Advisors LLC now owns 3,100 shares of the company’s stock worth $29,000 after acquiring an additional 2,000 shares in the last quarter. Venture Visionary Partners LLC purchased a new position in Sandstorm Gold in the first quarter worth $91,000. Keybank National Association OH purchased a new position in Sandstorm Gold in the second quarter worth $102,000. Burford Brothers Inc. purchased a new position in Sandstorm Gold in the second quarter worth $117,000. Finally, United Advisor Group LLC purchased a new position in Sandstorm Gold in the first quarter worth $118,000. 51.97% of the stock is currently owned by hedge funds and other institutional investors.

Sandstorm Gold Trading Up 0.9%

Shares of SAND stock opened at $12.52 on Monday. The company’s fifty day simple moving average is $11.09 and its two-hundred day simple moving average is $9.48. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.40 and a quick ratio of 2.40. Sandstorm Gold has a 1 year low of $5.33 and a 1 year high of $12.66. The stock has a market capitalization of $3.69 billion, a price-to-earnings ratio of 104.29 and a beta of 0.51.

Sandstorm Gold (NYSE:SAND) last issued its earnings results on Thursday, August 7th. The company reported $0.05 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.05. Sandstorm Gold had a net margin of 17.78% and a return on equity of 2.38%. The business had revenue of $51.42 million for the quarter, compared to analysts’ expectations of $68.43 million. As a group, analysts anticipate that Sandstorm Gold will post 0.18 earnings per share for the current year.

Sandstorm Gold Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 7th. Stockholders of record on Friday, September 26th will be given a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date is Friday, September 26th. Sandstorm Gold’s payout ratio is 50.00%.

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.