Sandstorm Gold (NYSE:SAND) Receives New Coverage from Analysts at StockNews.com

Posted by on May 18th, 2023

Equities research analysts at StockNews.com began coverage on shares of Sandstorm Gold (NYSE:SAND – Get Rating) in a research report issued on Thursday. The firm set a “sell” rating on the stock.

SAND has been the subject of a number of other reports. National Bank Financial increased their price objective on shares of Sandstorm Gold from C$8.00 to C$9.25 in a research note on Tuesday, April 18th. Raymond James cut their target price on shares of Sandstorm Gold from $9.00 to $8.75 and set an “outperform” rating for the company in a research note on Thursday, February 23rd. Stifel Nicolaus cut their target price on shares of Sandstorm Gold from C$12.50 to C$12.25 in a research note on Thursday, February 23rd. CIBC cut their target price on shares of Sandstorm Gold from C$12.50 to C$10.50 in a research note on Tuesday, February 7th. Finally, HC Wainwright reiterated a “buy” rating and issued a $12.50 target price on shares of Sandstorm Gold in a research note on Thursday, February 23rd. One analyst has rated the stock with a sell rating and five have issued a buy rating to the company. According to data from MarketBeat, Sandstorm Gold has an average rating of “Moderate Buy” and a consensus price target of $9.66.

Sandstorm Gold Price Performance

Shares of NYSE SAND opened at $5.36 on Thursday. The company has a fifty day moving average price of $5.78 and a 200 day moving average price of $5.49. Sandstorm Gold has a 1-year low of $4.51 and a 1-year high of $7.07. The company has a current ratio of 1.78, a quick ratio of 1.78 and a debt-to-equity ratio of 0.33. The firm has a market cap of $1.60 billion, a PE ratio of 14.49 and a beta of 0.97.

Sandstorm Gold (NYSE:SAND – Get Rating) last posted its quarterly earnings data on Tuesday, February 21st. The company reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.02). Sandstorm Gold had a return on equity of 3.04% and a net margin of 53.82%. The business had revenue of $38.45 million for the quarter, compared to analyst estimates of $38.00 million. Research analysts predict that Sandstorm Gold will post 0.09 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Guggenheim Capital LLC increased its stake in Sandstorm Gold by 0.9% in the first quarter. Guggenheim Capital LLC now owns 181,228 shares of the company’s stock valued at $1,464,000 after acquiring an additional 1,614 shares during the last quarter. Profund Advisors LLC increased its stake in Sandstorm Gold by 13.7% in the first quarter. Profund Advisors LLC now owns 19,270 shares of the company’s stock valued at $112,000 after acquiring an additional 2,326 shares during the last quarter. Barclays PLC boosted its position in Sandstorm Gold by 25.0% in the fourth quarter. Barclays PLC now owns 12,000 shares of the company’s stock valued at $63,000 after buying an additional 2,400 shares in the last quarter. Creative Planning boosted its position in Sandstorm Gold by 13.9% in the fourth quarter. Creative Planning now owns 21,380 shares of the company’s stock valued at $112,000 after buying an additional 2,615 shares in the last quarter. Finally, HighTower Advisors LLC boosted its position in Sandstorm Gold by 4.6% in the first quarter. HighTower Advisors LLC now owns 61,102 shares of the company’s stock valued at $360,000 after buying an additional 2,712 shares in the last quarter. 55.62% of the stock is owned by institutional investors.

Sandstorm Gold Company Profile

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Sandstorm Gold Ltd. engages in the acquisition of gold and other metals purchase agreements and royalties. It operates through the following segments: Aurizona, Black Fox, Bracemac-McLeod, Chapada, Diavik, Fruta del Norte, Hounde, Karma, Relief Canyon, Santa Elena, Vale Royalties, Yamana Silver Stream, Other, and Corporate.

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Analyst Recommendations for Sandstorm Gold (NYSE:SAND)

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