Sandstorm Gold Ltd. (NYSE: SAND) Receives Consensus “Moderate Buy” Recommendation From Brokerages

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Sandstorm Gold Ltd. (NYSE:SAND – Get Rating) received a consensus “moderate buy” recommendation from the nine ratings companies that currently cover the stock, Marketbeat.com reports. One investment analyst has assigned the stock a sell rating, one has assigned a hold rating and four have issued a buy rating for the company. The 1-year average target price among analysts who have rated the stock over the past year is $11.75.

Several brokerages have recently weighed in on SAND. Canaccord Genuity Group raised its price target on Sandstorm Gold shares from C$12.50 to C$13.50 and gave the company a “buy” rating in a report released Tuesday, May 3. Raymond James cut his price target on Sandstorm Gold shares from $10.00 to $9.75 and set an “outperform” rating for the company in a Friday, May 13 research note. HC Wainwright reaffirmed a “buy” rating and set a price target of $14.75 on Sandstorm Gold shares in a Tuesday, May 3 research report. National Bank Financial raised its target price on Sandstorm Gold shares from C$10.00 to C$12.50 in a Wednesday, April 20 research report. Finally, StockNews.com downgraded Sandstorm Gold shares from a “held” rating to a “sell” rating in a report released Wednesday.

Institutional investors weigh in on Sandstorm Gold

Institutional investors and hedge funds have recently changed their positions in the company. Oppenheimer & Close LLC increased its holdings of Sandstorm Gold shares by 3.4% in the second quarter. Oppenheimer & Close LLC now owns 224,140 shares of the company worth $1,333,000 after acquiring an additional 7,450 shares during the period. Virtu Financial LLC increased its stake in Sandstorm Gold shares by 150.8% in Q1. Virtu Financial LLC now owns 35,253 shares of the company worth $285,000 after purchasing an additional 21,199 shares during the period. Shay Capital LLC bought a new position in shares of Sandstorm Gold in the first quarter for a value of approximately $606,000. Dynamic Technology Lab Private Ltd increased its position in Sandstorm Gold by 20.6% during the first quarter. Dynamic Technology Lab Private Ltd now owns 48,331 shares of the company valued at $391,000 after purchasing an additional 8,256 shares during the period. Finally, Guggenheim Capital LLC increased its stake in Sandstorm Gold by 0.9% during the first quarter. Guggenheim Capital LLC now owns 181,228 shares of the company valued at $1,464,000 after purchasing an additional 1,614 shares in the last quarter. Institutional investors hold 40.33% of the company’s shares.

Sandstorm Gold Stock down 1.4%

SAND shares opened at $5.48 on Friday. The company has a 50-day simple moving average of $6.30 and a 200-day simple moving average of $6.90. Sandstorm Gold has a 12-month low of $5.30 and a 12-month high of $9.18. The company has a market capitalization of $1.05 billion, a P/E ratio of 34.25 and a beta of 1.04.

Sandstorm Gold (NYSE:SAND – Get Rating) last released its results on Wednesday, May 11. The company reported earnings per share of $0.05 for the quarter, missing analyst consensus estimates of $0.06 per ($0.01). The company had revenue of $35.37 million for the quarter. Sandstorm Gold had a return on equity of 5.23% and a net margin of 26.67%. As a group, equity research analysts expect Sandstorm Gold to post earnings per share of 0.19 for the current fiscal year.

Sandstorm Gold Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 29. Shareholders of record on Tuesday, July 19 will receive a dividend of $0.016 per share. The ex-dividend date is Monday, July 18. This represents an annualized dividend of $0.06 and a dividend yield of 1.17%. Sandstorm Gold’s payout ratio is currently 37.50%.

Sandstorm Gold Company Profile

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Sandstorm Gold Ltd. operates as a gold royalty company. The Company is focused on acquiring royalties and contracts to purchase gold and other metals (streams) from companies that have late-stage development projects or operating mines. It offers upfront payments to 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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