Sandstorm Gold (NYSE:SAND) Price Target Increased to $11.50 by Analysts at HC Wainwright

Sandstorm Gold (NYSE:SAND) had its target price upped by HC Wainwright from $11.00 to $11.50 in a research note published on Monday, Benzinga reports. The brokerage currently has a buy rating on the stock. HC Wainwright also issued estimates for Sandstorm Gold’s FY2024 earnings at $0.07 EPS.

Several other research analysts have also recently issued reports on the company. Scotiabank increased their price objective on Sandstorm Gold from $6.25 to $6.50 and gave the stock a sector perform rating in a research report on Thursday, May 23rd. CIBC increased their price objective on shares of Sandstorm Gold from $9.00 to $9.50 and gave the company a neutral rating in a research note on Wednesday, July 10th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of Moderate Buy and a consensus price target of $8.85.

Sandstorm Gold Trading Up 1.1 %

Shares of SAND stock opened at $5.10 on Monday. The company has a market capitalization of $1.52 billion, a P/E ratio of 63.69 and a beta of 1.13. The company has a current ratio of 2.26, a quick ratio of 2.26 and a debt-to-equity ratio of 0.29. The business’s 50 day moving average is $5.54 and its two-hundred day moving average is $5.22. Sandstorm Gold has a twelve month low of $3.96 and a twelve month high of $6.07.

Sandstorm Gold (NYSE:SAND) last announced its quarterly earnings data on Thursday, August 1st. The company reported $0.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.01. Sandstorm Gold had a net margin of 17.55% and a return on equity of 2.07%. The company had revenue of $41.37 million for the quarter, compared to analysts’ expectations of $40.50 million. During the same period in the previous year, the company posted $0.01 EPS. Equities analysts forecast that Sandstorm Gold will post 0.08 EPS for the current year.

Sandstorm Gold Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 26th. Stockholders of record on Tuesday, July 16th were given a $0.0146 dividend. This represents a $0.06 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date of this dividend was Tuesday, July 16th. Sandstorm Gold’s dividend payout ratio is presently 62.50%.

Institutional Trading of Sandstorm Gold

A number of hedge funds have recently added to or reduced their stakes in SAND. Principal Securities Inc. acquired a new position in shares of Sandstorm Gold in the 4th quarter valued at $25,000. Perritt Capital Management Inc. purchased a new stake in Sandstorm Gold during the first quarter valued at about $31,000. Creekmur Asset Management LLC acquired a new stake in Sandstorm Gold during the fourth quarter worth about $39,000. Van Hulzen Asset Management LLC purchased a new position in shares of Sandstorm Gold in the 4th quarter worth about $50,000. Finally, Oxford Asset Management LLP acquired a new position in shares of Sandstorm Gold in the 4th quarter valued at about $53,000. 51.97% of the stock is 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.