Sandstorm Gold (NYSE:SAND) Stock Rating Lowered by StockNews.com

Sandstorm Gold (NYSE:SAND) was downgraded by equities researchers at StockNews.com from a “buy” rating to a “hold” rating in a research note issued to investors on Tuesday.

A number of other brokerages have also issued reports on SAND. Raymond James set a $9.75 price target on Sandstorm Gold and gave the stock an “outperform” rating in a research note on Wednesday, May 7th. HC Wainwright increased their price target on Sandstorm Gold from $11.50 to $11.75 and gave the stock a “buy” rating in a research note on Thursday, May 8th. Royal Bank of Canada increased their price target on Sandstorm Gold from $6.50 to $7.00 and gave the stock an “outperform” rating in a research note on Friday, April 4th. Finally, Scotiabank increased their price target on Sandstorm Gold from $7.25 to $8.25 and gave the stock a “sector perform” rating in a research note on Monday, April 14th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Sandstorm Gold presently has an average rating of “Moderate Buy” and a consensus price target of $9.25.

Sandstorm Gold Trading Down 0.6%

NYSE:SAND opened at $8.06 on Tuesday. Sandstorm Gold has a one year low of $4.92 and a one year high of $8.91. 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 has a market capitalization of $2.36 billion, a price-to-earnings ratio of 161.23 and a beta of 0.48. The business has a fifty day moving average price of $7.68 and a 200-day moving average price of $6.49.

Sandstorm Gold (NYSE:SAND) last issued its quarterly earnings results on Tuesday, May 6th. The company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.01). Sandstorm Gold had a return on equity of 0.98% and a net margin of 8.11%. The business had revenue of $50.10 million during the quarter, compared to analysts’ expectations of $71.61 million. Sell-side analysts forecast that Sandstorm Gold will post 0.18 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Cantor Fitzgerald L. P. bought a new position in shares of Sandstorm Gold during the 4th quarter valued at about $56,000. Lifeworks Advisors LLC bought a new position in shares of Sandstorm Gold in the 4th quarter valued at about $57,000. Meixler Investment Management Ltd. bought a new position in shares of Sandstorm Gold in the 4th quarter valued at about $66,000. Bank of New York Mellon Corp lifted its holdings in shares of Sandstorm Gold by 21.0% in the 4th quarter. Bank of New York Mellon Corp now owns 13,897 shares of the company’s stock valued at $78,000 after acquiring an additional 2,416 shares during the last quarter. Finally, Fiduciary Trust Co bought a new position in shares of Sandstorm Gold in the 4th quarter valued at about $86,000. Institutional investors own 51.97% of the company’s stock.

Sandstorm Gold Company Profile

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.