Arrowstreet Capital Limited Partnership raised its position in Sandstorm Gold Ltd. (NYSE:SAND - Free Report) by 935.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,330,652 shares of the company's stock after purchasing an additional 1,202,144 shares during the quarter. Arrowstreet Capital Limited Partnership owned about 0.45% of Sandstorm Gold worth $7,432,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors also recently made changes to their positions in the company. Boston Partners boosted its position in Sandstorm Gold by 39,289.9% during the 4th quarter. Boston Partners now owns 9,812,015 shares of the company's stock worth $54,751,000 after acquiring an additional 9,787,105 shares during the period. Sprott Inc. lifted its holdings in Sandstorm Gold by 77.9% in the fourth quarter. Sprott Inc. now owns 4,465,843 shares of the company's stock worth $24,925,000 after purchasing an additional 1,955,916 shares during the period. Amundi lifted its holdings in Sandstorm Gold by 74.9% in the fourth quarter. Amundi now owns 2,890,535 shares of the company's stock worth $16,447,000 after purchasing an additional 1,238,050 shares during the period. U S Global Investors Inc. grew its position in Sandstorm Gold by 31.3% in the 4th quarter. U S Global Investors Inc. now owns 909,749 shares of the company's stock valued at $5,076,000 after buying an additional 216,756 shares in the last quarter. Finally, Louisbourg Investments Inc. increased its stake in Sandstorm Gold by 17.4% during the 4th quarter. Louisbourg Investments Inc. now owns 728,182 shares of the company's stock valued at $4,071,000 after buying an additional 108,000 shares during the period. Institutional investors and hedge funds own 51.97% of the company's stock.
Sandstorm Gold Price Performance
NYSE:SAND traded up $0.30 during trading hours on Friday, reaching $7.90. 5,968,699 shares of the company's stock were exchanged, compared to its average volume of 3,296,220. The company has a quick ratio of 2.29, a current ratio of 1.95 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $2.34 billion, a P/E ratio of 158.11 and a beta of 0.90. Sandstorm Gold Ltd. has a 12 month low of $4.92 and a 12 month high of $7.99. The business's 50-day simple moving average is $6.70 and its two-hundred day simple moving average is $6.10.
Sandstorm Gold (NYSE:SAND - Get Free Report) last released its quarterly earnings data on Tuesday, February 18th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.03). The company had revenue of $47.40 million for the quarter, compared to the consensus estimate of $67.49 million. Sandstorm Gold had a return on equity of 0.98% and a net margin of 8.11%. During the same period in the prior year, the business earned ($0.04) earnings per share. Sell-side analysts expect that Sandstorm Gold Ltd. will post 0.18 EPS for the current fiscal year.
Sandstorm Gold Cuts Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Monday, April 14th will be given a $0.014 dividend. The ex-dividend date is Monday, April 14th. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.71%. Sandstorm Gold's dividend payout ratio (DPR) is 100.00%.
Analyst Upgrades and Downgrades
A number of brokerages have recently weighed in on SAND. StockNews.com raised shares of Sandstorm Gold from a "hold" rating to a "buy" rating in a research note on Wednesday, February 26th. Royal Bank of Canada upped their target price on Sandstorm Gold from $6.50 to $7.00 and gave the stock an "outperform" rating in a research report on Friday, April 4th. Raymond James reiterated an "outperform" rating on shares of Sandstorm Gold in a research report on Friday, April 4th. Scotiabank boosted their price objective on Sandstorm Gold from $6.75 to $7.25 and gave the stock a "sector perform" rating in a research note on Thursday, February 27th. Finally, HC Wainwright decreased their target price on Sandstorm Gold from $12.00 to $11.50 and set a "buy" rating for the company in a research note on Wednesday, February 19th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $8.81.
Read Our Latest Analysis on Sandstorm Gold
Sandstorm Gold Profile
(
Free Report)
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.
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