Sandstorm Gold Ltd (NYSE:SAND) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Sandstorm Gold Ltd (NYSE:SAND) have earned a consensus recommendation of “Hold” from the eight analysts that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $10.15.

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

Sandstorm Gold Stock Up 0.9%

Sandstorm Gold stock opened at $12.52 on Monday. The firm has a market capitalization of $3.69 billion, a PE ratio of 104.29 and a beta of 0.51. The company’s 50-day moving average is $11.09 and its 200-day moving average is $9.52. Sandstorm Gold has a fifty-two week low of $5.33 and a fifty-two week high of $12.66. 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 (NYSE:SAND) last released its quarterly earnings data on Thursday, August 7th. The company reported $0.05 earnings per share for the quarter, hitting the consensus estimate of $0.05. The company had revenue of $51.42 million for the quarter, compared to analyst estimates of $68.43 million. Sandstorm Gold had a net margin of 17.78% and a return on equity of 2.38%. Sell-side analysts anticipate that Sandstorm Gold will post 0.18 earnings per share for the current year.

Sandstorm Gold Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 7th. Investors 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 yield of 0.6%. The ex-dividend date is Friday, September 26th. Sandstorm Gold’s dividend payout ratio is currently 50.00%.

Hedge Funds Weigh In On Sandstorm Gold

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Boston Partners increased its position in shares of Sandstorm Gold by 15.9% during the first quarter. Boston Partners now owns 11,374,157 shares of the company’s stock worth $85,875,000 after buying an additional 1,562,142 shares during the period. Invesco Ltd. boosted its stake in Sandstorm Gold by 44.1% during the second quarter. Invesco Ltd. now owns 9,740,857 shares of the company’s stock worth $91,564,000 after acquiring an additional 2,980,656 shares in the last quarter. Sprott Inc. lifted its stake in shares of Sandstorm Gold by 18.3% in the first quarter. Sprott Inc. now owns 5,281,973 shares of the company’s stock valued at $39,880,000 after buying an additional 816,130 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in shares of Sandstorm Gold by 779.5% in the second quarter. Arrowstreet Capital Limited Partnership now owns 4,686,377 shares of the company’s stock valued at $44,070,000 after buying an additional 4,153,559 shares in the last quarter. Finally, Hillsdale Investment Management Inc. bought a new position in shares of Sandstorm Gold in the second quarter valued at $20,063,000. 51.97% of the stock is currently owned by institutional investors and hedge funds.

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.