Sandstorm Gold (NYSE:SAND) Price Target Raised to $12.00 at HC Wainwright

Sandstorm Gold (NYSE:SAND) had its price objective raised by HC Wainwright from $11.50 to $12.00 in a research report report published on Monday morning,Benzinga reports. The firm currently has a buy rating on the stock.

A number of other equities analysts have also issued reports on SAND. StockNews.com upgraded shares of Sandstorm Gold from a “hold” rating to a “buy” rating in a research report on Friday, September 27th. Royal Bank of Canada dropped their price objective on shares of Sandstorm Gold from $6.50 to $6.00 and set an “outperform” rating on the stock in a research note on Tuesday, September 10th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $8.35.

Sandstorm Gold Price Performance

Shares of SAND opened at $5.48 on Monday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.99 and a quick ratio of 1.99. Sandstorm Gold has a 1-year low of $3.96 and a 1-year high of $6.50. The stock has a market cap of $1.63 billion, a PE ratio of 45.63 and a beta of 1.13. The firm has a fifty day moving average price of $5.99 and a 200 day moving average price of $5.73.

Sandstorm Gold (NYSE:SAND) last posted its earnings results on Thursday, November 7th. The company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.01). The firm had revenue of $44.70 million during the quarter, compared to analysts’ expectations of $44.70 million. Sandstorm Gold had a net margin of 20.46% and a return on equity of 2.44%. As a group, sell-side analysts anticipate that Sandstorm Gold will post 0.09 EPS for the current year.

Sandstorm Gold Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 25th. Shareholders of record on Tuesday, October 15th were given a dividend of $0.015 per share. The ex-dividend date was Tuesday, October 15th. This represents a $0.06 dividend on an annualized basis and a yield of 1.10%. This is an increase from Sandstorm Gold’s previous quarterly dividend of $0.01. Sandstorm Gold’s dividend payout ratio is presently 41.67%.

Institutional Trading of Sandstorm Gold

Hedge funds and other institutional investors have recently made changes to their positions in the company. Perritt Capital Management Inc. acquired a new stake in Sandstorm Gold in the first quarter valued at about $31,000. Allworth Financial LP acquired a new stake in shares of Sandstorm Gold in the 3rd quarter valued at approximately $60,000. Mather Group LLC. purchased a new stake in shares of Sandstorm Gold in the second quarter valued at approximately $67,000. Oak Family Advisors LLC purchased a new stake in shares of Sandstorm Gold in the second quarter valued at approximately $88,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in Sandstorm Gold during the second quarter worth $94,000. Hedge funds and other institutional investors own 51.97% of the company’s stock.

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.