Sandstorm Gold (NYSE:SAND) Shares Gap Down to $5.52

Sandstorm Gold Ltd. (NYSE:SAND)’s share price gapped down prior to trading on Monday . The stock had previously closed at $5.52, but opened at $5.30. Sandstorm Gold shares last traded at $5.37, with a volume of 930,782 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Scotiabank lowered their price objective on Sandstorm Gold from $6.50 to $6.25 and set a “sector perform” rating for the company in a research report on Thursday, April 18th.

Sandstorm Gold Stock Up 2.0 %

The firm’s 50-day simple moving average is $4.86 and its 200 day simple moving average is $4.80. The company has a debt-to-equity ratio of 0.30, a quick ratio of 3.32 and a current ratio of 3.32. The company has a market cap of $1.60 billion, a P/E ratio of 38.32 and a beta of 1.10.

Sandstorm Gold (NYSE:SAND) last announced its quarterly earnings data on Thursday, February 15th. The company reported $0.08 EPS for the quarter, topping 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 business had revenue of $44.50 million during the quarter, compared to analysts’ expectations of $46.30 million. On average, research analysts forecast that Sandstorm Gold Ltd. will post 0.08 earnings per share for the current fiscal year.

Sandstorm Gold Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 26th. Investors of record on Tuesday, April 16th will be given a $0.0147 dividend. The ex-dividend date is Monday, April 15th. This represents a $0.06 dividend on an annualized basis and a dividend yield of 1.10%. Sandstorm Gold’s dividend payout ratio is 21.43%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Helikon Investments Ltd acquired a new position in Sandstorm Gold during the first quarter valued at approximately $6,771,000. American Century Companies Inc. grew its stake in shares of Sandstorm Gold by 1,787.2% in the third quarter. American Century Companies Inc. now owns 1,049,830 shares of the company’s stock valued at $4,893,000 after buying an additional 994,200 shares in the last quarter. Van ECK Associates Corp raised its position in Sandstorm Gold by 2.3% during the fourth quarter. Van ECK Associates Corp now owns 28,838,800 shares of the company’s stock worth $145,059,000 after acquiring an additional 657,177 shares in the last quarter. Capital International Investors lifted its stake in Sandstorm Gold by 3.1% in the fourth quarter. Capital International Investors now owns 14,452,440 shares of the company’s stock valued at $72,696,000 after acquiring an additional 434,460 shares during the last quarter. Finally, Clearbridge Investments LLC acquired a new position in shares of Sandstorm Gold during the 4th quarter worth about $1,299,000. Institutional investors and hedge funds 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.