HC Wainwright Has Lowered Expectations for Sandstorm Gold (NYSE:SAND) Stock Price

Sandstorm Gold (NYSE:SAND) had its target price trimmed by HC Wainwright from $12.00 to $11.50 in a report published on Wednesday morning,Benzinga reports. The brokerage currently has a buy rating on the stock. HC Wainwright also issued estimates for Sandstorm Gold’s FY2025 earnings at $0.08 EPS.

Separately, StockNews.com cut Sandstorm Gold from a “buy” rating to a “hold” rating in a report on Thursday, February 13th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, Sandstorm Gold presently has a consensus rating of “Hold” and a consensus price target of $8.38.

Sandstorm Gold Trading Down 3.3 %

Sandstorm Gold stock opened at $5.99 on Wednesday. The business has a 50 day moving average price of $5.83 and a two-hundred day moving average price of $5.81. 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 stock has a market cap of $1.77 billion, a price-to-earnings ratio of 119.72 and a beta of 1.10. Sandstorm Gold has a 12 month low of $3.99 and a 12 month high of $6.67.

Sandstorm Gold (NYSE:SAND) last issued its earnings results on Tuesday, February 18th. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.03). Sandstorm Gold had a return on equity of 0.98% and a net margin of 8.11%. The company had revenue of $47.40 million during the quarter, compared to analyst estimates of $67.49 million. During the same period in the previous year, the company posted ($0.04) earnings per share. As a group, equities analysts forecast that Sandstorm Gold will post 0.19 EPS for the current year.

Sandstorm Gold Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Tuesday, January 21st were issued a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a yield of 1.34%. This is a boost from Sandstorm Gold’s previous quarterly dividend of $0.02. The ex-dividend date of this dividend was Tuesday, January 21st. Sandstorm Gold’s dividend payout ratio (DPR) is currently 100.00%.

Institutional Investors Weigh In On Sandstorm Gold

Hedge funds and other institutional investors have recently bought and sold shares of the business. Barclays PLC increased its holdings in Sandstorm Gold by 6.4% during the 3rd quarter. Barclays PLC now owns 399,854 shares of the company’s stock valued at $2,400,000 after purchasing an additional 23,947 shares in the last quarter. FMR LLC acquired a new stake in Sandstorm Gold during the 3rd quarter valued at $600,000. Intact Investment Management Inc. increased its holdings in Sandstorm Gold by 195.0% during the 3rd quarter. Intact Investment Management Inc. now owns 130,100 shares of the company’s stock valued at $781,000 after purchasing an additional 86,000 shares in the last quarter. Geode Capital Management LLC increased its holdings in Sandstorm Gold by 7.5% during the 3rd quarter. Geode Capital Management LLC now owns 125,681 shares of the company’s stock valued at $757,000 after purchasing an additional 8,728 shares in the last quarter. Finally, Louisbourg Investments Inc. increased its holdings in Sandstorm Gold by 17.4% during the 4th quarter. Louisbourg Investments Inc. now owns 728,182 shares of the company’s stock valued at $4,071,000 after purchasing an additional 108,000 shares in 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.