Sandstorm Gold (NYSE:SAND) Rating Increased to Buy at StockNews.com

Sandstorm Gold (NYSE:SAND) was upgraded by investment analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Friday.

Other equities analysts have also issued research reports about the company. Royal Bank of Canada decreased their price target on Sandstorm Gold from $6.50 to $6.00 and set an “outperform” rating on the stock in a research note on Tuesday, September 10th. HC Wainwright lifted their price target on Sandstorm Gold from $11.00 to $11.50 and gave the company a “buy” rating in a research note on Monday, August 5th. Finally, CIBC raised their price objective on Sandstorm Gold from $9.00 to $9.50 and gave the company 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. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $8.25.

Sandstorm Gold Trading Down 2.6 %

Shares of SAND opened at $6.09 on Friday. Sandstorm Gold has a 52-week low of $3.96 and a 52-week high of $6.38. The business’s fifty day moving average is $5.68 and its 200-day moving average is $5.55. 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 has a market cap of $1.81 billion, a price-to-earnings ratio of 76.13 and a beta of 1.14.

Sandstorm Gold (NYSE:SAND) last issued its quarterly earnings results 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 return on equity of 2.06% and a net margin of 17.55%. The company had revenue of $41.37 million for the quarter, compared to analyst estimates of $40.50 million. During the same quarter last year, the company posted $0.01 EPS. Equities analysts anticipate that Sandstorm Gold will post 0.09 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in SAND. Jump Financial LLC acquired a new position in shares of Sandstorm Gold in the 4th quarter valued at about $59,000. Campbell & CO Investment Adviser LLC acquired a new position in shares of Sandstorm Gold in the 4th quarter valued at about $869,000. CIBC Asset Management Inc lifted its stake in shares of Sandstorm Gold by 3.0% in the 4th quarter. CIBC Asset Management Inc now owns 241,052 shares of the company’s stock valued at $1,215,000 after purchasing an additional 7,008 shares during the period. Capital International Investors lifted its stake in shares of Sandstorm Gold by 3.1% in the 4th quarter. Capital International Investors now owns 14,452,440 shares of the company’s stock valued at $72,696,000 after purchasing an additional 434,460 shares during the period. Finally, Sprott Inc. lifted its stake in shares of Sandstorm Gold by 6.4% in the 4th quarter. Sprott Inc. now owns 4,048,355 shares of the company’s stock valued at $20,365,000 after purchasing an additional 242,554 shares during the period. 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.