Sandstorm Gold (NYSE:SAND) Given New $9.00 Price Target at Raymond James

Sandstorm Gold (NYSE:SANDGet Rating) had its target price lowered by stock analysts at Raymond James from $9.25 to $9.00 in a research report issued on Friday, BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. Raymond James’ target price would suggest a potential upside of 53.85% from the stock’s current price.

Several other research firms have also recently weighed in on SAND. Stifel Nicolaus cut their price objective on shares of Sandstorm Gold from C$13.25 to C$12.50 in a research report on Thursday, November 10th. HC Wainwright reaffirmed a “buy” rating and set a $12.50 price objective on shares of Sandstorm Gold in a research report on Friday. TD Securities cut their price objective on shares of Sandstorm Gold from C$10.00 to C$9.50 in a research report on Wednesday, November 9th. BMO Capital Markets initiated coverage on shares of Sandstorm Gold in a research report on Wednesday, October 5th. They set an “outperform” rating and a $8.00 price objective for the company. Finally, StockNews.com raised shares of Sandstorm Gold from a “sell” rating to a “hold” rating in a research report on Friday, January 6th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $10.28.

Sandstorm Gold Trading Up 0.9 %

SAND stock opened at $5.85 on Friday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.24 and a current ratio of 1.24. The company’s 50-day simple moving average is $5.32 and its 200 day simple moving average is $5.51. Sandstorm Gold has a 52 week low of $4.51 and a 52 week high of $9.18. The company has a market capitalization of $1.75 billion, a PE ratio of 13.93 and a beta of 0.92.

Sandstorm Gold (NYSE:SANDGet Rating) last released its quarterly earnings results on Monday, November 7th. The company reported $0.05 EPS for the quarter, beating the consensus estimate of $0.03 by $0.02. Sandstorm Gold had a net margin of 62.75% and a return on equity of 5.09%. The business had revenue of $38.95 million for the quarter, compared to the consensus estimate of $39.00 million. As a group, sell-side analysts anticipate that Sandstorm Gold will post 0.12 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Assenagon Asset Management S.A. bought a new position in Sandstorm Gold in the 4th quarter valued at approximately $1,165,000. IHT Wealth Management LLC bought a new position in Sandstorm Gold in the 3rd quarter valued at approximately $82,000. Balyasny Asset Management LLC bought a new position in Sandstorm Gold in the 3rd quarter valued at approximately $583,000. Horizon Kinetics Asset Management LLC raised its holdings in Sandstorm Gold by 0.7% in the 3rd quarter. Horizon Kinetics Asset Management LLC now owns 6,473,010 shares of the company’s stock valued at $33,465,000 after buying an additional 47,041 shares during the last quarter. Finally, Alliancebernstein L.P. raised its holdings in Sandstorm Gold by 122.0% in the 3rd quarter. Alliancebernstein L.P. now owns 24,200 shares of the company’s stock valued at $125,000 after buying an additional 13,300 shares during the last quarter. Institutional investors own 55.62% of the company’s stock.

About Sandstorm Gold

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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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Analyst Recommendations for Sandstorm Gold (NYSE:SAND)

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