Sandstorm Gold (NYSE:SAND) PT Lowered to $6.25

Sandstorm Gold (NYSE:SAND) had its price objective lowered by research analysts at Scotiabank from $6.50 to $6.25 in a research report issued on Thursday, MarketBeat Ratings reports. The firm presently has a “sector perform” rating on the stock. Scotiabank’s target price indicates a potential upside of 13.12% from the company’s previous close.

Sandstorm Gold Stock Performance

NYSE SAND opened at $5.53 on Thursday. The firm’s 50 day simple moving average is $4.82 and its 200 day simple moving average is $4.78. The firm has a market capitalization of $1.65 billion, a price-to-earnings ratio of 39.46 and a beta of 1.10. The company has a current ratio of 3.32, a quick ratio of 3.32 and a debt-to-equity ratio of 0.30. Sandstorm Gold has a 1 year low of $3.96 and a 1 year high of $6.24.

Sandstorm Gold (NYSE:SAND) last issued its earnings results on Thursday, February 15th. The company reported $0.08 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.06. Sandstorm Gold had a return on equity of 2.89% and a net margin of 23.22%. The firm had revenue of $44.50 million for the quarter, compared to the consensus estimate of $46.30 million. As a group, research analysts expect that Sandstorm Gold will post 0.07 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Sandstorm Gold

A number of institutional investors have recently added to or reduced their stakes in SAND. American Century Companies Inc. grew its stake in shares of Sandstorm Gold by 1,787.2% during the third quarter. American Century Companies Inc. now owns 1,049,830 shares of the company’s stock worth $4,893,000 after buying an additional 994,200 shares during the last quarter. Moneta Group Investment Advisors LLC grew its position in Sandstorm Gold by 74.0% during the 3rd quarter. Moneta Group Investment Advisors LLC now owns 38,399 shares of the company’s stock worth $179,000 after acquiring an additional 16,336 shares during the last quarter. Trexquant Investment LP increased its holdings in Sandstorm Gold by 134.0% in the 3rd quarter. Trexquant Investment LP now owns 83,956 shares of the company’s stock worth $391,000 after purchasing an additional 48,081 shares in the last quarter. Raymond James & Associates raised its position in Sandstorm Gold by 4.1% in the fourth quarter. Raymond James & Associates now owns 298,203 shares of the company’s stock valued at $1,500,000 after purchasing an additional 11,752 shares during the last quarter. Finally, Bar Harbor Wealth Management boosted its stake in shares of Sandstorm Gold by 1.7% during the third quarter. Bar Harbor Wealth Management now owns 1,177,067 shares of the company’s stock valued at $5,485,000 after purchasing an additional 19,439 shares in the last quarter. 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.