Sandstorm Gold (NYSE:SAND) Given New $6.25 Price Target at Scotiabank

Sandstorm Gold (NYSE:SAND) had its price target trimmed by Scotiabank from $6.50 to $6.25 in a research note issued to investors on Thursday, MarketBeat Ratings reports. The firm currently has a sector perform rating on the stock.

Sandstorm Gold Price Performance

Shares of Sandstorm Gold stock opened at $5.42 on Thursday. The company has a current ratio of 3.32, a quick ratio of 3.32 and a debt-to-equity ratio of 0.30. Sandstorm Gold has a 12-month low of $3.96 and a 12-month high of $6.24. The company has a market cap of $1.61 billion, a P/E ratio of 38.68 and a beta of 1.10. The company’s fifty day simple moving average is $4.80 and its two-hundred day simple moving average is $4.77.

Sandstorm Gold (NYSE:SAND) last announced its earnings results on Thursday, February 15th. The company reported $0.08 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.06. Sandstorm Gold had a net margin of 23.22% and a return on equity of 2.89%. The firm had revenue of $44.50 million for the quarter, compared to analyst estimates of $46.30 million. Research analysts anticipate that Sandstorm Gold will post 0.07 EPS for the current year.

Sandstorm Gold Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 26th. Stockholders of record on Tuesday, April 16th will be paid a $0.0147 dividend. This represents a $0.06 dividend on an annualized basis and a dividend yield of 1.09%. The ex-dividend date is Monday, April 15th. Sandstorm Gold’s payout ratio is presently 21.43%.

Institutional Investors Weigh In On Sandstorm Gold

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SAND. Moneta Group Investment Advisors LLC boosted its holdings in shares of Sandstorm Gold by 100,345.3% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 25,063,118 shares of the company’s stock valued at $131,832,000 after buying an additional 25,038,166 shares in the last quarter. Helikon Investments Ltd bought a new stake in Sandstorm Gold during the first quarter worth about $6,771,000. American Century Companies Inc. grew its holdings in Sandstorm Gold by 1,787.2% in the third quarter. American Century Companies Inc. now owns 1,049,830 shares of the company’s stock worth $4,893,000 after purchasing an additional 994,200 shares during the period. Amundi increased its stake in shares of Sandstorm Gold by 34.6% during the fourth quarter. Amundi now owns 3,009,150 shares of the company’s stock valued at $17,122,000 after purchasing an additional 773,370 shares in the last quarter. Finally, Van ECK Associates Corp increased its stake in shares of Sandstorm Gold by 2.3% during the fourth quarter. Van ECK Associates Corp now owns 28,838,800 shares of the company’s stock valued at $145,059,000 after purchasing an additional 657,177 shares in the last quarter. 51.97% of the stock is owned by hedge funds and other institutional investors.

About Sandstorm Gold

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.