Sandstorm Gold (NYSE:SAND) Rating Increased to Buy at StockNews.com

Sandstorm Gold (NYSE:SAND) was upgraded by equities research analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Monday.

Several other analysts also recently issued reports on SAND. CIBC upped their price objective on shares of Sandstorm Gold from $9.00 to $9.50 and gave the stock a “neutral” rating in a report on Wednesday, July 10th. HC Wainwright lifted their price objective on Sandstorm Gold from $11.00 to $11.50 and gave the stock a “buy” rating in a research note on Monday. Finally, Scotiabank increased their target price on Sandstorm Gold from $6.25 to $6.50 and gave the company a “sector perform” rating in a research note on Thursday, May 23rd. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $9.13.

Sandstorm Gold Stock Down 6.5 %

Sandstorm Gold stock traded down $0.36 during trading hours on Monday, hitting $5.14. The company had a trading volume of 2,590,853 shares, compared to its average volume of 2,175,493. Sandstorm Gold has a fifty-two week low of $3.96 and a fifty-two week high of $6.07. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.26 and a quick ratio of 2.26. The firm has a market capitalization of $1.53 billion, a P/E ratio of 64.19 and a beta of 1.13. The firm’s fifty day moving average is $5.59 and its 200-day moving average is $5.21.

Sandstorm Gold (NYSE:SAND) last announced its quarterly earnings results on Thursday, August 1st. The company reported $0.03 EPS for the quarter, beating the consensus estimate of $0.02 by $0.01. Sandstorm Gold had a return on equity of 2.07% and a net margin of 17.55%. The business had revenue of $41.37 million during the quarter, compared to analysts’ expectations of $40.50 million. During the same quarter in the previous year, the business posted $0.01 EPS. On average, research analysts forecast that Sandstorm Gold will post 0.08 earnings per share for the current year.

Hedge Funds Weigh In On Sandstorm Gold

Several institutional investors have recently modified their holdings of the stock. Principal Securities Inc. acquired a new position in shares of Sandstorm Gold in the 4th quarter valued at approximately $25,000. Perritt Capital Management Inc. acquired a new position in Sandstorm Gold in the 1st quarter worth $31,000. Creekmur Asset Management LLC bought a new position in Sandstorm Gold during the 4th quarter worth about $39,000. Van Hulzen Asset Management LLC acquired a new stake in shares of Sandstorm Gold in the 4th quarter valued at about $50,000. Finally, Oxford Asset Management LLP bought a new stake in shares of Sandstorm Gold in the fourth quarter valued at about $53,000. 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.