Sandstorm Gold (NYSE:SAND) Shares Gap Down – Should You Sell?

Sandstorm Gold Ltd. (NYSE:SAND)’s stock price gapped down prior to trading on Monday . The stock had previously closed at $5.85, but opened at $5.63. Sandstorm Gold shares last traded at $5.70, with a volume of 52,183 shares changing hands.

Analyst Upgrades and Downgrades

SAND has been the topic of a number of analyst reports. Royal Bank of Canada dropped their price objective on shares of Sandstorm Gold from $6.50 to $6.00 and set an “outperform” rating on the stock in a research note on Tuesday, September 10th. HC Wainwright raised their price target on shares of Sandstorm Gold from $11.50 to $12.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Finally, StockNews.com downgraded shares of Sandstorm Gold from a “buy” rating to a “hold” rating in a research report on Thursday, November 14th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, Sandstorm Gold presently has an average rating of “Moderate Buy” and a consensus price target of $8.35.

Sandstorm Gold Stock Down 0.3 %

The stock has a market cap of $1.72 billion, a price-to-earnings ratio of 48.34 and a beta of 1.13. The business’s 50 day moving average is $5.96 and its 200-day moving average is $5.73. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.29 and a current ratio of 2.29.

Sandstorm Gold (NYSE:SAND) last posted its quarterly earnings data on Thursday, November 7th. The company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.03 by ($0.01). The firm had revenue of $44.70 million for the quarter, compared to analysts’ expectations of $44.70 million. Sandstorm Gold had a return on equity of 2.44% and a net margin of 20.46%. On average, sell-side analysts predict that Sandstorm Gold Ltd. will post 0.09 EPS for the current fiscal year.

Sandstorm Gold Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 25th. Shareholders of record on Tuesday, October 15th were paid a dividend of $0.015 per share. This represents a $0.06 annualized dividend and a yield of 1.03%. The ex-dividend date of this dividend was Tuesday, October 15th. This is a boost from Sandstorm Gold’s previous quarterly dividend of $0.01. Sandstorm Gold’s payout ratio is 50.00%.

Hedge Funds Weigh In On Sandstorm Gold

Hedge funds and other institutional investors have recently modified their holdings of the business. Mad River Investors raised its holdings in Sandstorm Gold by 1.6% in the 2nd quarter. Mad River Investors now owns 192,069 shares of the company’s stock valued at $1,045,000 after acquiring an additional 3,016 shares during the last quarter. Raymond James & Associates increased its holdings in shares of Sandstorm Gold by 1.1% in the second quarter. Raymond James & Associates now owns 302,128 shares of the company’s stock valued at $1,644,000 after purchasing an additional 3,319 shares during the last quarter. Pullen Investment Management LLC lifted its position in Sandstorm Gold by 3.2% during the second quarter. Pullen Investment Management LLC now owns 109,976 shares of the company’s stock worth $598,000 after buying an additional 3,442 shares in the last quarter. Oxbow Advisors LLC boosted its stake in Sandstorm Gold by 34.3% during the second quarter. Oxbow Advisors LLC now owns 20,556 shares of the company’s stock worth $112,000 after buying an additional 5,254 shares during the last quarter. Finally, Private Advisor Group LLC grew its holdings in Sandstorm Gold by 2.2% in the 3rd quarter. Private Advisor Group LLC now owns 314,963 shares of the company’s stock valued at $1,890,000 after buying an additional 6,669 shares in the last quarter. 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.