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

Sandstorm Gold Ltd. (NYSE:SAND) shares hit a new 52-week high on Tuesday . The company traded as high as $7.25 and last traded at $7.23, with a volume of 424171 shares trading hands. The stock had previously closed at $6.85.

Analyst Ratings Changes

A number of research firms have recently commented on SAND. HC Wainwright dropped their price objective on Sandstorm Gold from $12.00 to $11.50 and set a “buy” rating for the company in a report on Wednesday, February 19th. Scotiabank raised their price objective on Sandstorm Gold from $6.75 to $7.25 and gave the stock a “sector perform” rating in a report on Thursday, February 27th. Finally, StockNews.com raised shares of Sandstorm Gold from a “hold” rating to a “buy” rating in a research report on Wednesday, February 26th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $8.56.

Sandstorm Gold Stock Performance

The stock has a 50 day simple moving average of $6.26 and a 200 day simple moving average of $5.98. The company has a quick ratio of 2.29, a current ratio of 1.95 and a debt-to-equity ratio of 0.24. The company has a market cap of $2.18 billion, a price-to-earnings ratio of 147.13 and a beta of 1.06.

Sandstorm Gold (NYSE:SAND) last posted its quarterly earnings data on Tuesday, February 18th. The company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.03). The firm had revenue of $47.40 million during the quarter, compared to analysts’ expectations of $67.49 million. Sandstorm Gold had a net margin of 8.11% and a return on equity of 0.98%. During the same period in the previous year, the company earned ($0.04) earnings per share. As a group, analysts predict that Sandstorm Gold Ltd. will post 0.18 EPS for the current year.

Institutional Trading of Sandstorm Gold

Several institutional investors have recently added to or reduced their stakes in SAND. Cantor Fitzgerald L. P. bought a new stake in Sandstorm Gold in the fourth quarter valued at about $56,000. Lifeworks Advisors LLC bought a new stake in shares of Sandstorm Gold in the 4th quarter worth approximately $57,000. Meixler Investment Management Ltd. acquired a new position in Sandstorm Gold during the 4th quarter valued at approximately $66,000. JTC Employer Solutions Trustee Ltd acquired a new stake in Sandstorm Gold in the fourth quarter worth $72,000. Finally, Bank of New York Mellon Corp lifted its stake in Sandstorm Gold by 21.0% in the fourth quarter. Bank of New York Mellon Corp now owns 13,897 shares of the company’s stock valued at $78,000 after buying an additional 2,416 shares during the last quarter. 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.