Sandstorm Gold (NYSE:SAND) Hits New 1-Year High – What’s Next?

Sandstorm Gold Ltd. (NYSE:SAND)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The stock 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.

Wall Street Analyst Weigh In

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

Sandstorm Gold Stock Up 6.8 %

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 $2.17 billion, a P/E ratio of 146.33 and a beta of 1.06. The company’s 50 day moving average price is $6.20 and its two-hundred day moving average price is $5.95.

Sandstorm Gold (NYSE:SAND) last issued its earnings results 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). Sandstorm Gold had a net margin of 8.11% and a return on equity of 0.98%. The firm had revenue of $47.40 million for the quarter, compared to the consensus estimate of $67.49 million. During the same period last year, the firm earned ($0.04) earnings per share. As a group, research analysts expect that Sandstorm Gold Ltd. will post 0.18 earnings per share for the current year.

Institutional Trading of Sandstorm Gold

A number of hedge funds have recently added to or reduced their stakes in the business. Sprott Inc. increased its position in Sandstorm Gold by 77.9% during the 4th quarter. Sprott Inc. now owns 4,465,843 shares of the company’s stock valued at $24,925,000 after purchasing an additional 1,955,916 shares during the period. Barclays PLC boosted its stake in shares of Sandstorm Gold by 6.4% during the third 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 purchased a new position in Sandstorm Gold during the third quarter valued at approximately $600,000. Geode Capital Management LLC raised its stake in Sandstorm Gold by 7.5% in the third quarter. Geode Capital Management LLC now owns 125,681 shares of the company’s stock worth $757,000 after buying an additional 8,728 shares in the last quarter. Finally, Louisbourg Investments Inc. lifted its holdings in Sandstorm Gold by 17.4% during the fourth quarter. Louisbourg Investments Inc. now owns 728,182 shares of the company’s stock worth $4,071,000 after buying an additional 108,000 shares during the period. 51.97% of the stock is owned by hedge funds and other institutional investors.

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.