Sandstorm Gold (NYSE: SAND) was the first company researchers analysts at StockNews.com covered when they published a research note on Thursday sent out to clients and investors.
The company recommended to its customers that they “sell” the company’s shares in which they had invested.
Thursday was NYSE’s first day: SAND was available for trading, and the opening price was $5.30.
The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.24, and a current ratio of 1.72, all of which are financial ratios.
A price-to-earnings ratio of 14.32 has been assigned to the company’s stock, and its beta value is 0.94.
The company’s stock has a market value of $1.58 billion as of right now.
The moving average price of the company over the past 50 days is $5.42, and the moving average price over the last 200 days is $5.35.
During a single year, Sandstorm Gold’s price dropped to $4.51 and reached an all-time high of $9.18.
Many additional study reports have been made available to the general public regarding the topic of SAND. HC Wainwright reaffirmed their “buy” rating on shares of Sandstorm Gold and set a target price of $12.50 for the company in a research note published on Thursday, February 23.
Earlier today, on February 7, the Canadian Imperial Bank of Commerce (CIBC) issued a research note stating that they had reduced their price estimate on Sandstorm Gold from C$12.50 to C$10.50. Raymond James has decreased their price objective for Sandstorm Gold from $9.00 to $8.75 in a research note published on Thursday, February 23.
Despite this change, Raymond James has maintained its “outperform” rating for the asset. Stifel Nicolaus stated in a report distributed on Thursday, February 23, that they had reduced their price objective for Sandstorm Gold from C$12.50 to C$12.25.
The report was released at the same time. National Bank Financial lowered its price objective for Sandstorm Gold from C$9.00 to C$8.00 in a report distributed on Thursday, February 23.
The final and most significant adjustment was made here. Six analysts have suggested purchasing the stock, while only one has suggested selling it.
The information that Bloomberg.com provided indicates that the current rating for the company is “Moderate Buy” and that the price target that the majority of analysts have determined is $9.94.
In the most recent few months, significant investors have been seen rebalancing their holdings within the company.
Approximately that amount increased Sandstorm Gold’s total ownership due to Orion Resource Partners USA LP’s purchase of 252,324,000 shares.
During the game’s final three minutes, this was accomplished. Van ECK Associates Corp.
Increased the proportion of Sandstorm Gold owned by 0.6% during the fourth quarter of 2018. Van ECK Associates Corp. has increased the total number of shares it owns to 28,901,986 by purchasing an additional 159,721 since the beginning of the most recent fiscal quarter.
The total value of these shares comes to $152,025,000.
Moneta Group Investment Advisors LLC’s holdings in Sandstorm Gold increased during the fourth quarter by 100,345.3 percent from the previous quarter’s levels.
Moneta Group Investment Advisors LLC now holds 25,063,118 shares of the company’s stock, valued at $131,832,000, following the acquisition of an additional 25,038,166 shares during the preceding quarter.
This brings the total number of shares held by the firm to 25,063,118.
The Ontario Teachers Pension Plan Board increased the amount of money it had invested in Sandstorm Gold during the third quarter, bringing the total amount it had invested to approximately 34,885,000 dollars.
In addition, Horizon Kinetics Asset Management LLC made a 0.7% increase in the amount of Sandstorm Gold stock it owns during the third quarter of the fiscal year. yastmastmastmastmastmastmastmastmastmastmastmastmast mastmastmastmas, etc. Shares of the company are currently owned by hedge funds and other types of institutional investors, who collectively hold 55.62% of the total.
Sandstorm Gold Ltd purchases purchase agreements and royalty rights for various commodities, including gold.
It comprises several divisions: Arizona, Black Fox, Bracemac-McLeod, Chapada, Diavik, Fruta del Norte, Hounde, Karma, Relief Canyon, Santa Elena, Vale Royalties, Yamana Silver Stream, Other, and Corporate.