Bard Associates Inc. reduced its stake in Sandstorm Gold Ltd. (NYSE:SAND - Free Report) by 88.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 52,906 shares of the company's stock after selling 411,762 shares during the quarter. Bard Associates Inc.'s holdings in Sandstorm Gold were worth $295,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds have also bought and sold shares of SAND. Intact Investment Management Inc. lifted its stake in Sandstorm Gold by 195.0% during the third quarter. Intact Investment Management Inc. now owns 130,100 shares of the company's stock worth $781,000 after purchasing an additional 86,000 shares during the last quarter. Aigen Investment Management LP raised its holdings in shares of Sandstorm Gold by 32.4% during the 3rd quarter. Aigen Investment Management LP now owns 42,385 shares of the company's stock valued at $254,000 after buying an additional 10,363 shares in the last quarter. Dynamic Technology Lab Private Ltd lifted its position in Sandstorm Gold by 219.0% in the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 47,727 shares of the company's stock worth $286,000 after buying an additional 32,766 shares during the last quarter. Quantbot Technologies LP boosted its stake in Sandstorm Gold by 14.4% in the third quarter. Quantbot Technologies LP now owns 132,996 shares of the company's stock worth $798,000 after buying an additional 16,779 shares in the last quarter. Finally, FMR LLC bought a new position in Sandstorm Gold during the third quarter valued at approximately $600,000. 51.97% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of equities research analysts have recently weighed in on SAND shares. Scotiabank boosted their price objective on shares of Sandstorm Gold from $6.75 to $7.25 and gave the stock a "sector perform" rating in a report on Thursday, February 27th. HC Wainwright lowered their price target on shares of Sandstorm Gold from $12.00 to $11.50 and set a "buy" rating for the company in a research note on Wednesday, February 19th. Finally, StockNews.com upgraded shares of Sandstorm Gold from a "hold" rating to a "buy" rating in a research report on Wednesday, February 26th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $8.56.
Get Our Latest Report on SAND
Sandstorm Gold Trading Down 0.7 %
Shares of Sandstorm Gold stock traded down $0.05 on Friday, hitting $6.31. The stock had a trading volume of 2,963,197 shares, compared to its average volume of 3,042,438. The company has a quick ratio of 2.29, a current ratio of 1.95 and a debt-to-equity ratio of 0.24. Sandstorm Gold Ltd. has a one year low of $4.60 and a one year high of $6.67. The stock's 50-day simple moving average is $5.97 and its two-hundred day simple moving average is $5.87. The stock has a market cap of $1.87 billion, a price-to-earnings ratio of 126.13 and a beta of 1.06.
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 period last year, the business earned ($0.04) EPS. As a group, sell-side analysts predict that Sandstorm Gold Ltd. will post 0.18 EPS for the current year.
Sandstorm Gold Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Tuesday, January 21st were given a dividend of $0.02 per share. This is a positive change from Sandstorm Gold's previous quarterly dividend of $0.02. The ex-dividend date of this dividend was Tuesday, January 21st. This represents a $0.08 dividend on an annualized basis and a yield of 1.27%. Sandstorm Gold's dividend payout ratio is presently 100.00%.
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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