Sandstorm Gold (NYSE:SAND) Upgraded at StockNews.com

StockNews.com upgraded shares of Sandstorm Gold (NYSE:SAND) from a hold rating to a buy rating in a report released on Wednesday.

Separately, HC Wainwright upped their price target on Sandstorm Gold from $11.50 to $12.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $8.50.

Sandstorm Gold Stock Down 0.7 %

Shares of NYSE:SAND opened at $6.28 on Wednesday. The company has a market capitalization of $1.86 billion, a price-to-earnings ratio of 52.30 and a beta of 1.10. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.29 and a quick ratio of 2.29. The business’s 50-day moving average is $5.70 and its 200-day moving average is $5.76. Sandstorm Gold has a 1 year low of $3.96 and a 1 year high of $6.50.

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

Sandstorm Gold Increases Dividend

The company also recently declared 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. This is an increase from Sandstorm Gold’s previous quarterly dividend of $0.02. This represents a $0.08 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date of this dividend was Tuesday, January 21st. Sandstorm Gold’s dividend payout ratio is 41.67%.

Institutional Trading of Sandstorm Gold

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SAND. Lifeworks Advisors LLC bought a new stake in Sandstorm Gold during the 4th quarter worth approximately $57,000. Allworth Financial LP bought a new stake in Sandstorm Gold during the 3rd quarter worth approximately $60,000. Meixler Investment Management Ltd. bought a new position in shares of Sandstorm Gold in the fourth quarter valued at approximately $66,000. JTC Employer Solutions Trustee Ltd bought a new position in shares of Sandstorm Gold in the fourth quarter valued at approximately $72,000. Finally, Bank of New York Mellon Corp grew its holdings in shares of Sandstorm Gold by 21.0% in the fourth 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 in the last quarter. 51.97% of the stock is owned by institutional investors.

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.