Sandstorm Gold (NYSE:SAND) Shares Gap Down – Time to Sell?

Sandstorm Gold Ltd. (NYSE:SAND) shares 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 traded.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on SAND shares. StockNews.com lowered shares of Sandstorm Gold from a “buy” rating to a “hold” rating in a report on Thursday, November 14th. Royal Bank of Canada cut their price target on Sandstorm Gold from $6.50 to $6.00 and set an “outperform” rating on the stock in a report on Tuesday, September 10th. Finally, HC Wainwright upped their price objective on Sandstorm Gold from $11.50 to $12.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $8.35.

Sandstorm Gold Stock Performance

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

Sandstorm Gold (NYSE:SAND) last announced its earnings results on Thursday, November 7th. The company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.01). Sandstorm Gold had a net margin of 20.46% and a return on equity of 2.44%. The business had revenue of $44.70 million for the quarter, compared to analyst estimates of $44.70 million. As a group, sell-side analysts forecast that Sandstorm Gold Ltd. will post 0.09 earnings per share for the current year.

Sandstorm Gold Increases Dividend

The business also recently declared 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 is a positive change from Sandstorm Gold’s previous quarterly dividend of $0.01. The ex-dividend date of this dividend was Tuesday, October 15th. This represents a $0.06 dividend on an annualized basis and a yield of 1.03%. Sandstorm Gold’s dividend payout ratio is presently 50.00%.

Hedge Funds Weigh In On Sandstorm Gold

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SAND. Allworth Financial LP purchased a new stake in Sandstorm Gold in the third quarter valued at approximately $60,000. Mather Group LLC. acquired a new position in Sandstorm Gold during the second quarter valued at $67,000. Walleye Trading LLC purchased a new stake in Sandstorm Gold in the third quarter valued at $85,000. Oak Family Advisors LLC purchased a new stake in Sandstorm Gold in the second quarter valued at $88,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Sandstorm Gold during the 2nd quarter valued at about $94,000. Hedge funds and other institutional investors own 51.97% of the company’s stock.

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.