Sandstorm Gold (NYSE:SAND) Shares Gap Down to $5.52

Sandstorm Gold Ltd. (NYSE:SAND) gapped down prior to trading on Monday . The stock had previously closed at $5.52, but opened at $5.30. Sandstorm Gold shares last traded at $5.37, with a volume of 930,782 shares.

Analysts Set New Price Targets

Separately, Scotiabank reduced their price objective on Sandstorm Gold from $6.50 to $6.25 and set a “sector perform” rating for the company in a research report on Thursday, April 18th.

Sandstorm Gold Trading Up 2.0 %

The firm’s 50-day simple moving average is $4.86 and its 200 day simple moving average is $4.80. The stock has a market cap of $1.60 billion, a P/E ratio of 38.32 and a beta of 1.10. 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 (NYSE:SAND) last issued its quarterly earnings data on Thursday, February 15th. The company reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.06. Sandstorm Gold had a return on equity of 2.89% and a net margin of 23.22%. The business had revenue of $44.50 million during the quarter, compared to the consensus estimate of $46.30 million. As a group, equities research analysts anticipate that Sandstorm Gold Ltd. will post 0.08 earnings per share for the current year.

Sandstorm Gold Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 26th. Stockholders of record on Tuesday, April 16th will be issued a dividend of $0.0147 per share. This represents a $0.06 dividend on an annualized basis and a dividend yield of 1.10%. The ex-dividend date of this dividend is Monday, April 15th. Sandstorm Gold’s dividend payout ratio (DPR) is 21.43%.

Institutional Investors Weigh In On Sandstorm Gold

Institutional investors have recently bought and sold shares of the stock. SG Americas Securities LLC raised its position in shares of Sandstorm Gold by 22.1% during the 3rd quarter. SG Americas Securities LLC now owns 80,839 shares of the company’s stock worth $377,000 after buying an additional 14,634 shares in the last quarter. Raymond James & Associates raised its holdings in Sandstorm Gold by 0.9% during the third quarter. Raymond James & Associates now owns 286,451 shares of the company’s stock worth $1,335,000 after purchasing an additional 2,441 shares in the last quarter. Raymond James Financial Services Advisors Inc. lifted its position in Sandstorm Gold by 20.4% in 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 during the period. Bank of New York Mellon Corp boosted its stake in Sandstorm Gold by 20.8% during the 3rd quarter. Bank of New York Mellon Corp now owns 18,103 shares of the company’s stock valued at $84,000 after purchasing an additional 3,115 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Sandstorm Gold by 33.2% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 51,647 shares of the company’s stock valued at $243,000 after purchasing an additional 12,872 shares during the period. Institutional investors and hedge funds 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.