Sandstorm Gold’s (SAND) Buy Rating Reaffirmed at HC Wainwright

Sandstorm Gold (NYSE:SAND)‘s stock had its “buy” rating restated by analysts at HC Wainwright in a report issued on Monday, Benzinga reports. They presently have a $11.00 price objective on the stock. HC Wainwright’s price target would suggest a potential upside of 102.58% from the company’s current price.

Separately, Scotiabank decreased their target price on shares of Sandstorm Gold from $6.50 to $6.25 and set a “sector perform” rating on the stock in a research report on Thursday, April 18th.

Sandstorm Gold Price Performance

Shares of SAND opened at $5.43 on Monday. The firm has a market cap of $1.62 billion, a PE ratio of 67.88 and a beta of 1.08. The company has a current ratio of 2.26, a quick ratio of 2.26 and a debt-to-equity ratio of 0.29. The firm has a fifty day simple moving average of $5.09 and a two-hundred day simple moving average of $4.84. Sandstorm Gold has a 1-year low of $3.96 and a 1-year high of $6.24.

Sandstorm Gold (NYSE:SAND) last issued its earnings results on Thursday, February 15th. The company reported $0.08 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.06. The company had revenue of $44.50 million during the quarter, compared to the consensus estimate of $46.30 million. Sandstorm Gold had a net margin of 12.24% and a return on equity of 1.52%. On average, equities analysts anticipate that Sandstorm Gold will post 0.09 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Van ECK Associates Corp lifted its position in Sandstorm Gold by 5.9% in the first quarter. Van ECK Associates Corp now owns 30,542,674 shares of the company’s stock valued at $160,349,000 after buying an additional 1,703,874 shares during the last quarter. Helikon Investments Ltd purchased a new stake in Sandstorm Gold during the first quarter worth approximately $6,771,000. American Century Companies Inc. lifted its stake in Sandstorm Gold by 1,787.2% during 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 last quarter. Capital International Investors increased its position in Sandstorm Gold by 3.1% during the fourth quarter. Capital International Investors now owns 14,452,440 shares of the company’s stock worth $72,696,000 after buying an additional 434,460 shares during the period. Finally, Hosking Partners LLP acquired a new position in shares of Sandstorm Gold in the first quarter valued at approximately $2,142,000. 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.