Sandstorm Gold Ltd. (NYSE:SAND) Short Interest Update

Sandstorm Gold Ltd. (NYSE:SAND) was the target of a large decline in short interest in March. As of March 15th, there was short interest totalling 2,610,000 shares, a decline of 21.9% from the February 28th total of 3,340,000 shares. Based on an average trading volume of 5,010,000 shares, the days-to-cover ratio is currently 0.5 days. Currently, 1.0% of the shares of the stock are short sold.

Sandstorm Gold Trading Down 0.3 %

Shares of SAND stock traded down $0.03 during trading hours on Monday, hitting $7.55. 4,689,163 shares of the company were exchanged, compared to its average volume of 3,231,523. The firm has a fifty day moving average of $6.34 and a 200 day moving average of $6.01. The company has a quick ratio of 2.29, a current ratio of 1.95 and a debt-to-equity ratio of 0.24. Sandstorm Gold has a 1 year low of $4.92 and a 1 year high of $7.74. The firm has a market cap of $2.23 billion, a PE ratio of 150.93 and a beta of 1.06.

Sandstorm Gold (NYSE:SAND) last announced its quarterly earnings results on Tuesday, February 18th. The company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.03). The company had revenue of $47.40 million during the quarter, compared to analyst estimates of $67.49 million. Sandstorm Gold had a net margin of 8.11% and a return on equity of 0.98%. During the same quarter last year, the business earned ($0.04) EPS. Analysts expect that Sandstorm Gold will post 0.18 earnings per share for the current year.

Sandstorm Gold Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Monday, April 14th will be issued a $0.014 dividend. The ex-dividend date is Monday, April 14th. This represents a $0.06 dividend on an annualized basis and a yield of 0.74%. Sandstorm Gold’s dividend payout ratio is currently 100.00%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on SAND shares. Scotiabank lifted their price objective on Sandstorm Gold from $6.75 to $7.25 and gave the stock a “sector perform” rating in a report on Thursday, February 27th. HC Wainwright cut their price target on Sandstorm Gold from $12.00 to $11.50 and set a “buy” rating for the company in a research note on Wednesday, February 19th. Finally, StockNews.com upgraded shares of Sandstorm Gold from a “hold” rating to a “buy” rating in a report on Wednesday, February 26th. Two 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 has a consensus rating of “Moderate Buy” and a consensus price target of $8.56.

Hedge Funds Weigh In On Sandstorm Gold

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Dynamic Technology Lab Private Ltd boosted its holdings in Sandstorm Gold by 219.0% in the third quarter. Dynamic Technology Lab Private Ltd now owns 47,727 shares of the company’s stock valued at $286,000 after purchasing an additional 32,766 shares during the last quarter. Quantbot Technologies LP increased its stake in shares of Sandstorm Gold by 14.4% in the third quarter. Quantbot Technologies LP now owns 132,996 shares of the company’s stock worth $798,000 after buying an additional 16,779 shares during the last quarter. FMR LLC acquired a new stake in Sandstorm Gold in the third quarter valued at $600,000. Walleye Capital LLC grew its holdings in Sandstorm Gold by 285.7% during the 3rd quarter. Walleye Capital LLC now owns 92,919 shares of the company’s stock worth $558,000 after acquiring an additional 68,826 shares in the last quarter. Finally, Walleye Trading LLC acquired a new stake in shares of Sandstorm Gold in the 3rd quarter valued at about $85,000. 51.97% of the stock is owned by hedge funds and other 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.