Sandstorm Gold (NYSE:SAND) Reaches New 12-Month High – Should You Buy?

Sandstorm Gold Ltd. (NYSE:SAND)’s stock price hit a new 52-week high during trading on Monday . The stock traded as high as $6.71 and last traded at $6.66, with a volume of 415114 shares. The stock had previously closed at $6.53.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. StockNews.com upgraded shares of Sandstorm Gold from a “hold” rating to a “buy” rating in a research report on Wednesday, February 26th. HC Wainwright lowered their target price on shares of 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, Scotiabank boosted their price target on shares of Sandstorm Gold from $6.75 to $7.25 and gave the company a “sector perform” rating in a report on Thursday, February 27th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $8.56.

Sandstorm Gold Trading Down 0.2 %

The company has a debt-to-equity ratio of 0.24, a current ratio of 1.95 and a quick ratio of 2.29. The stock has a market capitalization of $2.01 billion, a price-to-earnings ratio of 135.53 and a beta of 1.06. The business has a 50 day simple moving average of $6.10 and a 200-day simple moving average of $5.92.

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

Sandstorm Gold Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Tuesday, January 21st were paid a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a yield of 1.18%. This is a boost from Sandstorm Gold’s previous quarterly dividend of $0.02. The ex-dividend date of this dividend was Tuesday, January 21st. Sandstorm Gold’s payout ratio is presently 100.00%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of SAND. Cantor Fitzgerald L. P. acquired a new position in shares of Sandstorm Gold during the fourth quarter worth about $56,000. Lifeworks Advisors LLC bought a new stake in Sandstorm Gold in the fourth quarter valued at approximately $57,000. Meixler Investment Management Ltd. bought a new stake in Sandstorm Gold in the fourth quarter valued at approximately $66,000. JTC Employer Solutions Trustee Ltd bought a new stake in Sandstorm Gold in the fourth quarter valued at approximately $72,000. Finally, Bank of New York Mellon Corp raised its stake in 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 buying an additional 2,416 shares during the period. 51.97% of the stock is owned by institutional investors and hedge funds.

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.