Bank of Montreal Can Grows Position in Sandstorm Gold Ltd. (NYSE:SAND)

Bank of Montreal Can lifted its holdings in shares of Sandstorm Gold Ltd. (NYSE:SAND - Free Report) by 68.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,359,258 shares of the company's stock after purchasing an additional 954,564 shares during the period. Bank of Montreal Can owned about 0.80% of Sandstorm Gold worth $13,179,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp lifted its holdings in Sandstorm Gold by 21.0% during the fourth quarter. Bank of New York Mellon Corp now owns 13,897 shares of the company's stock valued at $78,000 after purchasing an additional 2,416 shares during the last quarter. Swiss National Bank raised its position in shares of Sandstorm Gold by 0.6% during the 4th quarter. Swiss National Bank now owns 501,762 shares of the company's stock valued at $2,805,000 after buying an additional 3,000 shares in the last quarter. FNY Investment Advisers LLC lifted its stake in Sandstorm Gold by 20.0% during the fourth quarter. FNY Investment Advisers LLC now owns 24,000 shares of the company's stock worth $133,000 after purchasing an additional 4,000 shares during the last quarter. Geode Capital Management LLC boosted its stake in Sandstorm Gold by 3.2% in the fourth quarter. Geode Capital Management LLC now owns 129,749 shares of the company's stock worth $731,000 after buying an additional 4,068 shares in the last quarter. Finally, Commonwealth Equity Services LLC boosted its stake in shares of Sandstorm Gold by 28.5% in the 4th quarter. Commonwealth Equity Services LLC now owns 21,736 shares of the company's stock valued at $121,000 after purchasing an additional 4,817 shares in the last quarter. Institutional investors own 51.97% of the company's stock.

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Wall Street Analyst Weigh In

Several equities analysts recently issued reports on SAND shares. HC Wainwright reduced their price target on Sandstorm Gold from $12.00 to $11.50 and set a "buy" rating on the stock in a research report on Wednesday, February 19th. StockNews.com raised shares of Sandstorm Gold from a "hold" rating to a "buy" rating in a research note on Wednesday, February 26th. Raymond James reissued an "outperform" rating on shares of Sandstorm Gold in a research report on Friday, April 4th. Royal Bank of Canada boosted their price objective on shares of Sandstorm Gold from $6.50 to $7.00 and gave the company an "outperform" rating in a research report on Friday, April 4th. Finally, Scotiabank upped their price objective on shares of Sandstorm Gold from $7.25 to $8.25 and gave the company a "sector perform" rating in a research note on Monday. Two research 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 a consensus rating of "Moderate Buy" and a consensus target price of $9.06.

Sandstorm Gold Stock Up 3.9 %

NYSE:SAND traded up $0.32 during trading hours on Tuesday, reaching $8.42. 8,603,398 shares of the company traded hands, compared to its average volume of 3,338,953. The company has a current ratio of 1.95, a quick ratio of 2.29 and a debt-to-equity ratio of 0.24. The business's 50-day moving average price is $6.77 and its two-hundred day moving average price is $6.13. Sandstorm Gold Ltd. has a 1 year low of $4.92 and a 1 year high of $8.48. The stock has a market capitalization of $2.49 billion, a P/E ratio of 168.33 and a beta of 0.90.

Sandstorm Gold (NYSE:SAND - Get Free Report) last announced its quarterly earnings results on Tuesday, February 18th. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.04 by ($0.03). The firm had revenue of $47.40 million during 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 quarter in the previous year, the firm earned ($0.04) EPS. Analysts predict that Sandstorm Gold Ltd. will post 0.18 earnings per share for the current year.

Sandstorm Gold Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Monday, April 14th will be issued a dividend of $0.014 per share. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.66%. The ex-dividend date is Monday, April 14th. Sandstorm Gold's payout ratio is 100.00%.

Sandstorm Gold Company Profile

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.