Sandstorm Gold (NYSE:SAND) Hits New 52-Week High – What’s Next?

Shares of Sandstorm Gold Ltd. (NYSE:SAND) hit a new 52-week high on Tuesday . The stock traded as high as $6.42 and last traded at $6.41, with a volume of 2103351 shares changing hands. The stock had previously closed at $6.12.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the stock. HC Wainwright boosted their target price on shares of Sandstorm Gold from $11.00 to $11.50 and gave the company a “buy” rating in a report on Monday, August 5th. StockNews.com upgraded shares of Sandstorm Gold from a “hold” rating to a “buy” rating in a report on Friday, September 27th. Royal Bank of Canada dropped their price target on shares of Sandstorm Gold from $6.50 to $6.00 and set an “outperform” rating for the company in a research report on Tuesday, September 10th. Finally, CIBC upped their price objective on shares of Sandstorm Gold from $9.00 to $9.50 and gave the stock a “neutral” rating in a report on Wednesday, July 10th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, Sandstorm Gold presently has a consensus rating of “Moderate Buy” and an average price target of $8.25.

Sandstorm Gold Stock Performance

The stock has a market capitalization of $1.92 billion, a PE ratio of 64.81 and a beta of 1.14. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.99 and a current ratio of 1.99. The firm’s 50 day moving average is $5.82 and its two-hundred day moving average is $5.65.

Sandstorm Gold (NYSE:SAND) last posted its quarterly earnings data on Thursday, August 1st. The company reported $0.03 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.01. Sandstorm Gold had a return on equity of 2.06% and a net margin of 17.55%. The business had revenue of $41.37 million for the quarter, compared to analyst estimates of $40.50 million. During the same quarter in the prior year, the company earned $0.01 earnings per share. As a group, research analysts predict that Sandstorm Gold Ltd. will post 0.09 earnings per share for the current year.

Sandstorm Gold Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 25th. Stockholders of record on Tuesday, October 15th will be given a dividend of $0.015 per share. The ex-dividend date is Tuesday, October 15th. This is an increase from Sandstorm Gold’s previous quarterly dividend of $0.01. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.93%. Sandstorm Gold’s payout ratio is currently 60.01%.

Institutional Investors Weigh In On Sandstorm Gold

A number of large investors have recently modified their holdings of the company. Mayfair Advisory Group LLC increased its holdings in Sandstorm Gold by 50.0% in the first quarter. Mayfair Advisory Group LLC now owns 30,000 shares of the company’s stock valued at $158,000 after buying an additional 10,000 shares during the last quarter. Helikon Investments Ltd purchased a new position in shares of Sandstorm Gold in the 1st quarter valued at about $6,771,000. Van ECK Associates Corp raised its position in shares of Sandstorm Gold by 5.9% during the 1st quarter. Van ECK Associates Corp now owns 30,542,674 shares of the company’s stock worth $160,349,000 after acquiring an additional 1,703,874 shares in the last quarter. BNP Paribas Financial Markets lifted its stake in Sandstorm Gold by 28.0% during the first quarter. BNP Paribas Financial Markets now owns 76,831 shares of the company’s stock worth $403,000 after purchasing an additional 16,812 shares during the last quarter. Finally, Pullen Investment Management LLC acquired a new position in Sandstorm Gold in the first quarter valued at approximately $559,000. 51.97% of the stock is owned by hedge funds and other 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.