Sandstorm Gold (NYSE:SAND) Cut to Sell at Zacks Investment Research

Zacks Investment Research cut shares of Sandstorm Gold (NYSE:SANDGet Rating) from a hold rating to a sell rating in a research note issued to investors on Wednesday, Zacks.com reports.

According to Zacks, “Sandstorm Gold Ltd. is a gold streaming company engaged in providing upfront financing for gold mining companies. It focuses on completing gold purchase agreements with gold mining companies that have advanced stage development projects or operating mines. Sandstorm Gold Ltd. is headquartered in Vancouver, Canada. “

SAND has been the topic of a number of other reports. StockNews.com initiated coverage on shares of Sandstorm Gold in a research report on Thursday, March 31st. They set a hold rating on the stock. HC Wainwright lowered their price objective on shares of Sandstorm Gold from $15.00 to $14.75 and set a buy rating on the stock in a research report on Tuesday, February 22nd. TD Securities boosted their price objective on shares of Sandstorm Gold from C$11.00 to C$11.50 in a research report on Tuesday, February 22nd. National Bank Financial boosted their price objective on shares of Sandstorm Gold from C$9.50 to C$10.00 in a research report on Friday, February 18th. Finally, Canaccord Genuity Group raised shares of Sandstorm Gold to a buy rating and set a $10.50 price objective on the stock in a research report on Monday, February 21st. One analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of Buy and an average price target of $11.25.

Sandstorm Gold stock opened at $8.02 on Wednesday. The firm’s 50 day simple moving average is $7.97 and its 200-day simple moving average is $6.82. The company has a market cap of $1.54 billion, a P/E ratio of 57.29 and a beta of 1.01. Sandstorm Gold has a fifty-two week low of $5.30 and a fifty-two week high of $9.31.

Sandstorm Gold (NYSE:SANDGet Rating) last released its earnings results on Thursday, February 17th. The company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.01). Sandstorm Gold had a return on equity of 4.49% and a net margin of 24.05%. The firm had revenue of $29.82 million during the quarter. As a group, research analysts predict that Sandstorm Gold will post 0.18 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 29th. Shareholders of record on Tuesday, April 19th will be given a $0.016 dividend. This represents a $0.06 annualized dividend and a yield of 0.80%. The ex-dividend date is Monday, April 18th. Sandstorm Gold’s dividend payout ratio is 42.86%.

A number of hedge funds have recently bought and sold shares of the business. D. E. Shaw & Co. Inc. grew its position in Sandstorm Gold by 0.4% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 457,276 shares of the company’s stock worth $2,838,000 after acquiring an additional 1,665 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Sandstorm Gold by 14.5% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 13,622 shares of the company’s stock worth $84,000 after buying an additional 1,722 shares during the last quarter. UBS Asset Management Americas Inc. lifted its stake in shares of Sandstorm Gold by 1.3% in the third 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 during the last quarter. Commonwealth Equity Services LLC lifted its stake in shares of Sandstorm Gold by 11.8% in the fourth quarter. Commonwealth Equity Services LLC now owns 20,954 shares of the company’s stock worth $129,000 after buying an additional 2,213 shares during the last quarter. Finally, Quilter Plc lifted its stake in shares of Sandstorm Gold by 10.8% in the third quarter. Quilter Plc now owns 27,724 shares of the company’s stock worth $159,000 after buying an additional 2,707 shares during the last quarter. 39.79% of the stock is owned by institutional investors.

About Sandstorm Gold (Get Rating)

Sandstorm Gold Ltd. operates as a gold royalty company. It focuses on acquiring gold and other metal purchase agreements and royalties from companies that have advanced stage development projects or operating mines. The company offers upfront payments for companies to acquire a gold stream or royalty and receives the right to purchase a percentage of a mine's production for the life of the mine at a fixed price per unit or at a fixed percentage of the spot price.

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