Sandstorm Gold (NYSE:SAND) Reaches New 12-Month High – Still a Buy?

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

Analyst Ratings Changes

Several brokerages recently weighed in on SAND. 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. StockNews.com upgraded Sandstorm Gold from a “hold” rating to a “buy” rating in a research report on Friday, September 27th. CIBC boosted their price target 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. Finally, Royal Bank of Canada decreased their price objective on shares of Sandstorm Gold from $6.50 to $6.00 and set an “outperform” rating on the stock in a report on Tuesday, September 10th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $8.25.

Sandstorm Gold Trading Down 0.3 %

The company has a current ratio of 1.99, a quick ratio of 1.99 and a debt-to-equity ratio of 0.27. 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 fifty day moving average price of $5.85 and a two-hundred day moving average price of $5.66.

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

Sandstorm Gold Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 25th. Shareholders of record on Tuesday, October 15th will be paid a $0.015 dividend. This is an increase from Sandstorm Gold’s previous quarterly dividend of $0.01. The ex-dividend date of this dividend is Tuesday, October 15th. This represents a $0.06 annualized dividend and a dividend yield of 0.94%. Sandstorm Gold’s payout ratio is 60.01%.

Institutional Trading of Sandstorm Gold

Several hedge funds have recently modified their holdings of SAND. Perritt Capital Management Inc. acquired a new position in Sandstorm Gold during the 1st quarter worth $31,000. Allworth Financial LP purchased a new stake in shares of Sandstorm Gold in the 3rd quarter valued at about $60,000. Mather Group LLC. purchased a new stake in Sandstorm Gold in the second quarter valued at approximately $67,000. Oak Family Advisors LLC acquired a new stake in shares of Sandstorm Gold in the second quarter valued at approximately $88,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Sandstorm Gold during the second quarter worth approximately $94,000. 51.97% of the stock is currently owned by institutional investors and hedge funds.

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.