Sandstorm Gold (NYSE:SAND) Price Target Raised to $7.00 at Royal Bank of Canada

Sandstorm Gold (NYSE:SAND) had its price objective raised by Royal Bank of Canada from $6.50 to $7.00 in a research report report published on Friday,Benzinga reports. The brokerage currently has an outperform rating on the stock.

A number of other research firms have also issued reports on SAND. HC Wainwright reduced their price target on shares of Sandstorm Gold from $12.00 to $11.50 and set a “buy” rating for the company in a research report on Wednesday, February 19th. 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. Finally, StockNews.com upgraded Sandstorm Gold from a “hold” rating to a “buy” rating in a research note on Wednesday, February 26th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $8.81.

Sandstorm Gold Price Performance

SAND stock opened at $6.99 on Friday. The firm has a 50-day moving average of $6.51 and a two-hundred day moving average of $6.05. The firm has a market capitalization of $2.07 billion, a PE ratio of 139.73 and a beta of 0.90. The company has a current ratio of 1.95, a quick ratio of 2.29 and a debt-to-equity ratio of 0.24. Sandstorm Gold has a one year low of $4.92 and a one year high of $7.74.

Sandstorm Gold (NYSE:SAND) last released 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). The business had revenue of $47.40 million during the quarter, compared to analysts’ expectations 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 in the previous year, the company earned ($0.04) EPS. On average, analysts forecast that Sandstorm Gold will post 0.18 earnings per share for the current year.

Sandstorm Gold Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Monday, April 14th will be issued a dividend of $0.014 per share. The ex-dividend date of this dividend is Monday, April 14th. This represents a $0.06 annualized dividend and a yield of 0.80%. Sandstorm Gold’s dividend payout ratio (DPR) is presently 100.00%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Cantor Fitzgerald L. P. bought a new position in shares of Sandstorm Gold during the 4th quarter worth about $56,000. Lifeworks Advisors LLC bought a new stake in shares of Sandstorm Gold in the 4th quarter worth about $57,000. Meixler Investment Management Ltd. bought a new stake in Sandstorm Gold during the fourth quarter worth about $66,000. JTC Employer Solutions Trustee Ltd bought a new position in shares of Sandstorm Gold in the fourth quarter valued at approximately $72,000. Finally, Bank of New York Mellon Corp grew its holdings in shares of Sandstorm Gold by 21.0% during the fourth quarter. Bank of New York Mellon Corp now owns 13,897 shares of the company’s stock worth $78,000 after purchasing an additional 2,416 shares during the last quarter. 51.97% of the stock is currently 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.