Sandstorm Gold (NYSE:SAND) Downgraded by StockNews.com to Hold

StockNews.com cut shares of Sandstorm Gold (NYSE:SAND) from a buy rating to a hold rating in a report issued on Thursday.

Several other analysts also recently issued reports on SAND. Royal Bank of Canada reduced their price target on Sandstorm Gold from $6.50 to $6.00 and set an “outperform” rating for the company in a research note on Tuesday, September 10th. HC Wainwright lifted their target price on Sandstorm Gold from $11.50 to $12.00 and gave the stock a “buy” rating in a report on Monday. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $8.35.

Sandstorm Gold Stock Performance

Shares of SAND traded down $0.11 during mid-day trading on Thursday, reaching $5.38. The company’s stock had a trading volume of 1,035,811 shares, compared to its average volume of 2,396,868. The company has a current ratio of 2.29, a quick ratio of 2.29 and a debt-to-equity ratio of 0.26. Sandstorm Gold has a 1-year low of $3.96 and a 1-year high of $6.50. The business has a 50-day simple moving average of $5.98 and a two-hundred day simple moving average of $5.72. The stock has a market cap of $1.60 billion, a P/E ratio of 45.75 and a beta of 1.13.

Sandstorm Gold (NYSE:SAND) last released its quarterly earnings data on Thursday, November 7th. The company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.03 by ($0.01). The company had revenue of $44.70 million during the quarter, compared to analyst estimates of $44.70 million. Sandstorm Gold had a net margin of 20.46% and a return on equity of 2.44%. As a group, equities research analysts anticipate that Sandstorm Gold will post 0.09 earnings per share for the current fiscal year.

Sandstorm Gold Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 25th. Stockholders of record on Tuesday, October 15th were issued a dividend of $0.015 per share. The ex-dividend date of this dividend was Tuesday, October 15th. This is an increase from Sandstorm Gold’s previous quarterly dividend of $0.01. This represents a $0.06 annualized dividend and a dividend yield of 1.12%. Sandstorm Gold’s dividend payout ratio is 50.00%.

Institutional Investors Weigh In On Sandstorm Gold

Several hedge funds have recently modified their holdings of the company. Integrated Wealth Concepts LLC raised its position in Sandstorm Gold by 14.9% in the third quarter. Integrated Wealth Concepts LLC now owns 521,873 shares of the company’s stock valued at $3,131,000 after purchasing an additional 67,759 shares during the last quarter. Walleye Trading LLC acquired a new position in shares of Sandstorm Gold in the third quarter valued at approximately $85,000. Walleye Capital LLC raised its holdings in Sandstorm Gold by 285.7% in the 3rd quarter. Walleye Capital LLC now owns 92,919 shares of the company’s stock valued at $558,000 after buying an additional 68,826 shares during the last quarter. FMR LLC acquired a new stake in Sandstorm Gold during the 3rd quarter worth approximately $600,000. Finally, Quantbot Technologies LP grew its holdings in Sandstorm Gold by 14.4% during the 3rd quarter. Quantbot Technologies LP now owns 132,996 shares of the company’s stock worth $798,000 after acquiring an additional 16,779 shares during the last quarter. 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.