Sandstorm Gold (NYSE:SAND) Reaches New 1-Year High – Should You Buy?

Sandstorm Gold Ltd. (NYSE:SAND)’s stock price reached a new 52-week high during mid-day 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.

Analyst Ratings Changes

Several brokerages recently weighed in on SAND. Royal Bank of Canada decreased their price target on Sandstorm Gold from $6.50 to $6.00 and set an “outperform” rating for the company in a report on Tuesday, September 10th. CIBC increased their price objective on Sandstorm Gold from $9.00 to $9.50 and gave the stock a “neutral” rating in a research report on Wednesday, July 10th. HC Wainwright raised their target price on Sandstorm Gold from $11.00 to $11.50 and gave the company a “buy” rating in a report on Monday, August 5th. Finally, StockNews.com raised shares of Sandstorm Gold from a “hold” rating to a “buy” rating in a research note on Friday, September 27th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Sandstorm Gold presently has an average rating of “Moderate Buy” and a consensus target price of $8.25.

Sandstorm Gold Stock Up 5.9 %

The firm has a 50 day moving average of $5.82 and a two-hundred day moving average of $5.65. The stock has a market capitalization of $1.92 billion, a PE ratio of 64.81 and a beta of 1.14. The company has a current ratio of 1.99, a quick ratio of 1.99 and a debt-to-equity ratio of 0.27.

Sandstorm Gold (NYSE:SAND) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.03 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.01. Sandstorm Gold had a net margin of 17.55% and a return on equity of 2.06%. The firm had revenue of $41.37 million for the quarter, compared to analysts’ expectations of $40.50 million. During the same period in the prior year, the company earned $0.01 EPS. Equities research analysts anticipate that Sandstorm Gold Ltd. will post 0.09 earnings per share for the current year.

Sandstorm Gold Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 25th. Investors of record on Tuesday, October 15th will be given a dividend of $0.015 per share. This is an increase from Sandstorm Gold’s previous quarterly dividend of $0.01. This represents a $0.06 annualized dividend and a dividend yield of 0.93%. The ex-dividend date of this dividend is Tuesday, October 15th. Sandstorm Gold’s payout ratio is currently 60.01%.

Hedge Funds Weigh In On Sandstorm Gold

Several hedge funds have recently bought and sold shares of SAND. Boston Partners acquired a new stake in Sandstorm Gold during the first quarter worth approximately $1,902,000. Squarepoint Ops LLC purchased a new position in shares of Sandstorm Gold during the 2nd quarter worth $606,000. Clearbridge Investments LLC boosted its holdings in shares of Sandstorm Gold by 48.1% during the first quarter. Clearbridge Investments LLC now owns 384,921 shares of the company’s stock worth $2,021,000 after purchasing an additional 125,096 shares during the last quarter. Helikon Investments Ltd purchased a new stake in shares of Sandstorm Gold in the first quarter valued at $6,771,000. Finally, Dimensional Fund Advisors LP lifted its position in Sandstorm Gold by 42.2% during the second quarter. Dimensional Fund Advisors LP now owns 3,149,232 shares of the company’s stock worth $17,162,000 after buying an additional 935,005 shares during the period. Hedge funds and other institutional investors own 51.97% of the company’s stock.

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.