Bank of Montreal Can lowered its holdings in shares of Sandstorm Gold Ltd. (NYSE:SAND - Free Report) by 10.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,404,694 shares of the company's stock after selling 155,963 shares during the quarter. Bank of Montreal Can owned approximately 0.47% of Sandstorm Gold worth $8,547,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Allworth Financial LP bought a new stake in shares of Sandstorm Gold in the 3rd quarter worth about $60,000. Mather Group LLC. purchased a new stake in Sandstorm Gold during the 2nd quarter valued at $67,000. Oak Family Advisors LLC bought a new stake in Sandstorm Gold in the second quarter worth $88,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in Sandstorm Gold during the second quarter worth $94,000. Finally, Oxbow Advisors LLC increased its position in Sandstorm Gold by 34.3% during the second quarter. Oxbow Advisors LLC now owns 20,556 shares of the company's stock valued at $112,000 after acquiring an additional 5,254 shares during the last quarter. Institutional investors own 51.97% of the company's stock.
Sandstorm Gold Stock Performance
Shares of SAND traded up $0.21 during trading hours on Tuesday, reaching $5.83. 1,035,879 shares of the company traded hands, compared to its average volume of 2,413,725. The stock has a market capitalization of $1.73 billion, a P/E ratio of 46.84 and a beta of 1.11. 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 business has a fifty day moving average price of $5.94 and a 200-day moving average price of $5.73. Sandstorm Gold Ltd. has a 12-month low of $3.96 and a 12-month high of $6.50.
Sandstorm Gold (NYSE:SAND - Get Free Report) last released its quarterly earnings data on Thursday, November 7th. The company reported $0.02 earnings per share for the quarter, missing analysts' consensus estimates of $0.03 by ($0.01). The business had revenue of $44.70 million during the quarter, compared to analyst estimates of $44.70 million. Sandstorm Gold had a return on equity of 2.44% and a net margin of 20.46%. Equities analysts anticipate that Sandstorm Gold Ltd. will post 0.09 EPS for the current fiscal year.
Sandstorm Gold Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, October 25th. Stockholders of record on Tuesday, October 15th were issued a dividend of $0.015 per share. This represents a $0.06 annualized dividend and a dividend yield of 1.03%. This is a positive change from Sandstorm Gold's previous quarterly dividend of $0.01. The ex-dividend date was Tuesday, October 15th. Sandstorm Gold's payout ratio is 50.00%.
Analysts Set New Price Targets
Several equities research analysts have recently weighed in on SAND shares. StockNews.com downgraded Sandstorm Gold from a "buy" rating to a "hold" rating in a report on Thursday, November 14th. HC Wainwright lifted their target price on Sandstorm Gold from $11.50 to $12.00 and gave the stock a "buy" rating in a research report on Monday, November 11th. Finally, Royal Bank of Canada cut their price target on shares of Sandstorm Gold from $6.50 to $6.00 and set an "outperform" rating on the stock in a report on Tuesday, September 10th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $8.35.
View Our Latest Analysis on SAND
Sandstorm Gold Company 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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