Sandstorm Gold Ltd. (NYSE:SAND - Get Free Report) shares hit a new 52-week high during mid-day trading on Friday . The company traded as high as $5.88 and last traded at $5.86, with a volume of 646427 shares trading hands. The stock had previously closed at $5.69.
Analyst Ratings Changes
Several research analysts recently commented on SAND shares. Scotiabank reduced their price target on shares of Sandstorm Gold from $6.50 to $6.25 and set a "sector perform" rating on the stock in a research note on Thursday, April 18th. HC Wainwright reaffirmed a "buy" rating and set a $11.00 target price on shares of Sandstorm Gold in a research report on Monday, May 6th.
Read Our Latest Stock Analysis on Sandstorm Gold
Sandstorm Gold Trading Up 3.9 %
The company has a quick ratio of 2.26, a current ratio of 2.26 and a debt-to-equity ratio of 0.29. The stock's 50 day moving average is $5.34 and its two-hundred day moving average is $4.91. The company has a market capitalization of $1.76 billion, a PE ratio of 73.88 and a beta of 1.08.
Sandstorm Gold (NYSE:SAND - Get Free Report) last posted its quarterly earnings results on Thursday, February 15th. The company reported $0.08 EPS for the quarter, beating the consensus estimate of $0.02 by $0.06. Sandstorm Gold had a net margin of 12.24% and a return on equity of 1.52%. The business had revenue of $44.50 million during the quarter, compared to analyst estimates of $46.30 million. As a group, sell-side analysts predict that Sandstorm Gold Ltd. will post 0.08 EPS for the current fiscal year.
Sandstorm Gold Cuts Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, April 26th. Shareholders of record on Tuesday, April 16th were issued a dividend of $0.0147 per share. The ex-dividend date of this dividend was Monday, April 15th. This represents a $0.06 dividend on an annualized basis and a yield of 0.99%. Sandstorm Gold's dividend payout ratio is currently 75.01%.
Institutional Investors Weigh In On Sandstorm Gold
Institutional investors have recently added to or reduced their stakes in the stock. Shell Asset Management Co. lifted its position in shares of Sandstorm Gold by 13.6% during the third quarter. Shell Asset Management Co. now owns 20,100 shares of the company's stock valued at $94,000 after buying an additional 2,400 shares during the last quarter. Raymond James & Associates boosted its stake in Sandstorm Gold by 0.9% in the third quarter. Raymond James & Associates now owns 286,451 shares of the company's stock valued at $1,335,000 after acquiring an additional 2,441 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in Sandstorm Gold by 20.8% in the third quarter. Bank of New York Mellon Corp now owns 18,103 shares of the company's stock worth $84,000 after purchasing an additional 3,115 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its position in shares of Sandstorm Gold by 20.4% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 22,213 shares of the company's stock worth $104,000 after purchasing an additional 3,766 shares in the last quarter. Finally, Moors & Cabot Inc. lifted its holdings in shares of Sandstorm Gold by 2.9% during the 3rd quarter. Moors & Cabot Inc. now owns 139,850 shares of the company's stock valued at $652,000 after purchasing an additional 4,000 shares during the last quarter. Institutional investors own 51.97% of the company's stock.
Sandstorm Gold Company Profile
(Get Free Report)
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.
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