Sandstorm Gold (NYSE:SAND) Stock Price Up 1.9%

Sandstorm Gold Ltd. (NYSE:SANDGet Rating)’s stock price rose 1.9% on Thursday . The stock traded as high as $6.39 and last traded at $6.38. Approximately 93,147 shares were traded during mid-day trading, a decline of 96% from the average daily volume of 2,239,769 shares. The stock had previously closed at $6.26.

SAND has been the topic of a number of recent analyst reports. National Bank Financial raised their target price on shares of Sandstorm Gold from C$10.00 to C$12.50 in a research note on Wednesday, April 20th. StockNews.com initiated coverage on shares of Sandstorm Gold in a research report on Thursday, March 31st. They set a “hold” rating on the stock. TD Securities lifted their price objective on shares of Sandstorm Gold from C$11.00 to C$11.50 in a research report on Tuesday, February 22nd. Canaccord Genuity Group raised shares of Sandstorm Gold to a “buy” rating and set a $10.50 target price for the company in a report on Monday, February 21st. Finally, Raymond James dropped their price objective on shares of Sandstorm Gold from $10.00 to $9.75 and set an “outperform” rating for the company in a research note on Friday, May 13th. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $11.61.

The business has a fifty day simple moving average of $7.19 and a two-hundred day simple moving average of $6.88. The company has a market cap of $1.24 billion, a PE ratio of 39.13 and a beta of 1.02.

Sandstorm Gold (NYSE:SANDGet Rating) last issued its quarterly earnings data on Wednesday, May 11th. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.01). Sandstorm Gold had a net margin of 26.67% and a return on equity of 5.23%. The business had revenue of $35.37 million for the quarter. On average, research analysts predict that Sandstorm Gold Ltd. will post 0.19 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 29th. Stockholders of record on Tuesday, April 19th were issued a dividend of $0.016 per share. The ex-dividend date was Monday, April 18th. This represents a $0.06 annualized dividend and a dividend yield of 1.00%. Sandstorm Gold’s dividend payout ratio is presently 37.50%.

Several institutional investors and hedge funds have recently modified their holdings of SAND. Acadian Asset Management LLC purchased a new stake in shares of Sandstorm Gold during the 1st quarter valued at $25,000. Aire Advisors LLC purchased a new position in Sandstorm Gold in the 4th quarter worth $68,000. Aigen Investment Management LP purchased a new position in Sandstorm Gold in the 1st quarter worth $83,000. Northwestern Mutual Wealth Management Co. raised its stake in Sandstorm Gold by 14.5% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 13,622 shares of the company’s stock worth $84,000 after acquiring an additional 1,722 shares during the last quarter. Finally, Bank of New York Mellon Corp purchased a new position in Sandstorm Gold in the 3rd quarter worth $84,000. Hedge funds and other institutional investors own 40.33% of the company’s stock.

Sandstorm Gold Company Profile (NYSE:SAND)

Sandstorm Gold Ltd. operates as a gold royalty company. The company focuses on acquiring royalties and gold and other metals purchase agreements (streams) from companies that have advanced stage development projects or operating mines. It offers upfront payments for companies to acquire a stream or royalty and receives the right to purchase a percentage of a mine's production for the life of the mine at a fixed price per unit or at a fixed percentage of the spot price.

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