Sandstorm Gold (NYSE:SAND) Stock Price Expected to Rise, Scotiabank Analyst Says

Sandstorm Gold (NYSE:SAND) had its price target raised by Scotiabank from $6.75 to $7.25 in a research report sent to investors on Thursday,Benzinga reports. Scotiabank currently has a sector perform rating on the stock.

SAND has been the topic of several other reports. HC Wainwright reduced their price objective on Sandstorm Gold from $12.00 to $11.50 and set a “buy” rating on the stock in a research note on Wednesday, February 19th. StockNews.com raised Sandstorm Gold from a “hold” rating to a “buy” rating in a research report on Wednesday. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Sandstorm Gold currently has a consensus rating of “Moderate Buy” and an average target price of $8.56.

Sandstorm Gold Stock Down 2.9 %

Shares of NYSE:SAND opened at $6.24 on Thursday. The firm has a market capitalization of $1.85 billion, a PE ratio of 124.72 and a beta of 1.10. Sandstorm Gold has a 1 year low of $3.99 and a 1 year high of $6.67. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.95 and a quick ratio of 2.29. The firm’s 50-day moving average is $5.89 and its two-hundred day moving average is $5.84.

Sandstorm Gold (NYSE:SAND) last announced its earnings results on Tuesday, February 18th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.03). The business had revenue of $47.40 million for the quarter, compared to analysts’ expectations of $67.49 million. Sandstorm Gold had a return on equity of 0.98% and a net margin of 8.11%. During the same period in the previous year, the company earned ($0.04) earnings per share. Analysts predict that Sandstorm Gold will post 0.18 EPS for the current year.

Sandstorm Gold Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Tuesday, January 21st were paid a dividend of $0.02 per share. The ex-dividend date was Tuesday, January 21st. This represents a $0.08 dividend on an annualized basis and a dividend yield of 1.28%. This is an increase from Sandstorm Gold’s previous quarterly dividend of $0.02. Sandstorm Gold’s payout ratio is presently 100.00%.

Institutional Trading of Sandstorm Gold

Hedge funds and other institutional investors have recently bought and sold shares of the business. Cantor Fitzgerald L. P. purchased a new position in shares of Sandstorm Gold in the 4th quarter valued at about $56,000. Lifeworks Advisors LLC acquired a new position in Sandstorm Gold in the fourth quarter valued at approximately $57,000. Allworth Financial LP purchased a new position in Sandstorm Gold in the third quarter valued at approximately $60,000. Meixler Investment Management Ltd. acquired a new stake in Sandstorm Gold during the fourth quarter worth approximately $66,000. Finally, JTC Employer Solutions Trustee Ltd acquired a new stake in Sandstorm Gold during the fourth quarter worth approximately $72,000. 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.