Sandstorm Gold (NYSE:SAND) Sets New 1-Year High – Time to Buy?

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

Analysts Set New Price Targets

SAND has been the topic of a number of research reports. Royal Bank of Canada lowered their price target on Sandstorm Gold from $6.50 to $6.00 and set an “outperform” rating on the stock in a report on Tuesday, September 10th. StockNews.com upgraded Sandstorm Gold from a “hold” rating to a “buy” rating in a research note on Friday, September 27th. CIBC boosted their target price on Sandstorm Gold from $9.00 to $9.50 and gave the company a “neutral” rating in a report on Wednesday, July 10th. Finally, HC Wainwright increased their price target on Sandstorm Gold from $11.00 to $11.50 and gave the stock a “buy” rating in a report on Monday, August 5th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, Sandstorm Gold currently has a consensus rating of “Moderate Buy” and a consensus target price of $8.25.

Sandstorm Gold Stock Down 0.3 %

The firm has a fifty day moving average price of $5.85 and a 200 day moving average price of $5.66. The firm has a market capitalization of $1.89 billion, a price-to-earnings ratio of 63.91 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.

Sandstorm Gold (NYSE:SAND) last issued its earnings results on Thursday, August 1st. The company reported $0.03 EPS for the quarter, topping the consensus estimate of $0.02 by $0.01. The company had revenue of $41.37 million for the quarter, compared to analyst estimates of $40.50 million. Sandstorm Gold had a net margin of 17.55% and a return on equity of 2.06%. During the same period in the previous year, the firm earned $0.01 EPS. As a group, sell-side analysts expect that Sandstorm Gold Ltd. will post 0.09 EPS for the current fiscal year.

Sandstorm Gold Increases Dividend

The business also recently declared 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. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.94%. This is an increase from Sandstorm Gold’s previous quarterly dividend of $0.01. The ex-dividend date is Tuesday, October 15th. Sandstorm Gold’s dividend payout ratio (DPR) is presently 60.01%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in SAND. Allworth Financial LP acquired a new position in Sandstorm Gold in the third quarter valued at $60,000. Private Advisor Group LLC increased its stake in shares of Sandstorm Gold by 2.2% during the 3rd quarter. Private Advisor Group LLC now owns 314,963 shares of the company’s stock valued at $1,890,000 after acquiring an additional 6,669 shares during the last quarter. Quent Capital LLC purchased a new position in shares of Sandstorm Gold during the 3rd quarter worth about $183,000. Cubist Systematic Strategies LLC boosted its position in shares of Sandstorm Gold by 266.3% in the second quarter. Cubist Systematic Strategies LLC now owns 88,124 shares of the company’s stock worth $479,000 after acquiring an additional 64,063 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in Sandstorm Gold in the second quarter valued at approximately $94,000. Institutional investors and hedge funds own 51.97% of the company’s stock.

About Sandstorm Gold

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.