HC Wainwright Increases Sandstorm Gold (NYSE:SAND) Price Target to $15.00

Sandstorm Gold (NYSE:SAND) had its target price boosted by HC Wainwright from $14.00 to $15.00 in a research report report published on Tuesday morning, Price Targets.com reports. They currently have a buy rating on the stock.

Other equities analysts also recently issued research reports about the company. Royal Bank of Canada set a $7.00 target price on Sandstorm Gold and gave the company an underperform rating in a research report on Thursday, November 4th. National Bank Financial cut their price objective on Sandstorm Gold from C$10.75 to C$9.50 in a research report on Friday, January 7th. Zacks Investment Research raised Sandstorm Gold from a sell rating to a hold rating in a research report on Friday, December 24th. Stifel Nicolaus cut their price objective on Sandstorm Gold from C$15.00 to C$14.50 and set a buy rating on the stock in a research report on Monday, November 8th. Finally, Raymond James set a $9.00 price objective on Sandstorm Gold and gave the company a market perform rating in a research report on Wednesday, December 29th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company. According to MarketBeat.com, Sandstorm Gold currently has an average rating of Hold and an average price target of $11.31.

NYSE SAND opened at $6.15 on Tuesday. The company has a market cap of $1.18 billion, a P/E ratio of 41.00 and a beta of 1.07. The business’s 50 day moving average price is $6.17 and its 200-day moving average price is $6.56. Sandstorm Gold has a fifty-two week low of $5.30 and a fifty-two week high of $9.31.

Sandstorm Gold (NYSE:SAND) last released its earnings results on Wednesday, November 3rd. The company reported $0.03 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.04 by ($0.01). The company had revenue of $27.60 million for the quarter. Sandstorm Gold had a net margin of 26.78% and a return on equity of 4.90%. On average, research analysts expect that Sandstorm Gold will post 0.15 EPS for the current fiscal year.

The company also recently declared a — dividend, which will be paid on Friday, January 28th. Stockholders of record on Tuesday, January 18th will be given a dividend of $0.0155 per share. This represents a dividend yield of 1.1%. The ex-dividend date is Friday, January 14th.

Several institutional investors and hedge funds have recently bought and sold shares of the company. UBS Asset Management Americas Inc. grew its position in shares of Sandstorm Gold by 1.3% during the 3rd quarter. UBS Asset Management Americas Inc. now owns 160,285 shares of the company’s stock worth $922,000 after buying an additional 2,097 shares in the last quarter. Moors & Cabot Inc. grew its position in shares of Sandstorm Gold by 15.3% during the 3rd quarter. Moors & Cabot Inc. now owns 63,600 shares of the company’s stock worth $377,000 after buying an additional 8,425 shares in the last quarter. Bank of New York Mellon Corp purchased a new stake in shares of Sandstorm Gold during the 3rd quarter worth $84,000. UBS Group AG lifted its stake in shares of Sandstorm Gold by 40.3% during the 3rd quarter. UBS Group AG now owns 453,981 shares of the company’s stock worth $2,615,000 after purchasing an additional 130,497 shares during the last quarter. Finally, Millennium Management LLC purchased a new stake in shares of Sandstorm Gold during the 3rd quarter worth $3,287,000. 40.96% of the stock is currently owned by institutional investors and hedge funds.

Sandstorm Gold Company Profile

Sandstorm Gold Ltd. engages in the acquisition of gold and other metals purchase agreements and royalties. It operates through the following segments: Aurizona, Bachelor Lake, Black Fox, Bracemac-McLeod, Chapada, Diavik, Hounde, Karma, Ming, Santa Elena, and Yamana Silver Stream. The company was founded by Nolan Watson and David I.

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Analyst Recommendations for Sandstorm Gold (NYSE:SAND)

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