Sandstorm Gold (NYSE:SAND) Earns “Buy” Rating from HC Wainwright

HC Wainwright reaffirmed their buy rating on shares of Sandstorm Gold (NYSE:SAND) in a research note issued to investors on Monday, Benzinga reports. The brokerage currently has a $11.00 price target on the stock. HC Wainwright also issued estimates for Sandstorm Gold’s FY2024 earnings at $0.06 EPS and FY2025 earnings at $0.07 EPS.

Separately, Scotiabank decreased their price target on Sandstorm Gold from $6.50 to $6.25 and set a sector perform rating on the stock in a research note on Thursday, April 18th.

Sandstorm Gold Trading Down 0.3 %

SAND opened at $5.61 on Monday. The stock has a market capitalization of $1.67 billion, a price-to-earnings ratio of 70.07 and a beta of 1.08. The company has a quick ratio of 2.26, a current ratio of 2.26 and a debt-to-equity ratio of 0.29. Sandstorm Gold has a twelve month low of $3.96 and a twelve month high of $6.16. The company has a 50-day simple moving average of $5.15 and a 200 day simple moving average of $4.85.

Sandstorm Gold (NYSE:SAND) last issued its quarterly earnings results on Thursday, February 15th. The company reported $0.08 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.06. The company had revenue of $44.50 million during the quarter, compared to the consensus estimate of $46.30 million. Sandstorm Gold had a net margin of 12.24% and a return on equity of 1.52%. Analysts predict that Sandstorm Gold will post 0.09 EPS for the current fiscal year.

Sandstorm Gold Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 26th. Investors of record on Tuesday, April 16th were given a dividend of $0.0147 per share. The ex-dividend date of this dividend was Monday, April 15th. This represents a $0.06 dividend on an annualized basis and a yield of 1.05%. Sandstorm Gold’s dividend payout ratio is currently 37.50%.

Hedge Funds Weigh In On Sandstorm Gold

Large investors have recently bought and sold shares of the company. Shell Asset Management Co. raised its holdings in Sandstorm Gold by 13.6% in the 3rd quarter. Shell Asset Management Co. now owns 20,100 shares of the company’s stock valued at $94,000 after buying an additional 2,400 shares during the last quarter. Raymond James & Associates raised its stake in shares of Sandstorm Gold by 0.9% during the third quarter. Raymond James & Associates now owns 286,451 shares of the company’s stock valued at $1,335,000 after acquiring an additional 2,441 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Sandstorm Gold by 20.8% during the third quarter. Bank of New York Mellon Corp now owns 18,103 shares of the company’s stock worth $84,000 after purchasing an additional 3,115 shares during the period. Raymond James Financial Services Advisors Inc. grew its stake in shares of Sandstorm Gold by 20.4% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 22,213 shares of the company’s stock worth $104,000 after purchasing an additional 3,766 shares during the last quarter. Finally, Dubuque Bank & Trust Co increased its holdings in Sandstorm Gold by 33.3% in the third quarter. Dubuque Bank & Trust Co now owns 16,000 shares of the company’s stock valued at $75,000 after purchasing an additional 4,000 shares during the period. 51.97% of the stock is currently owned by 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.