BNP Paribas Financial Markets cut its stake in shares of Sandstorm Gold Ltd. (NYSE:SAND - Free Report) by 42.0% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 125,790 shares of the company's stock after selling 91,088 shares during the period. BNP Paribas Financial Markets' holdings in Sandstorm Gold were worth $755,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Allworth Financial LP purchased a new position in Sandstorm Gold in the 3rd quarter valued at $60,000. Oak Family Advisors LLC purchased a new position in shares of Sandstorm Gold in the second quarter worth about $88,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in Sandstorm Gold during the second quarter worth about $94,000. Oxbow Advisors LLC boosted 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 worth $112,000 after acquiring an additional 5,254 shares during the last quarter. Finally, Quent Capital LLC purchased a new stake in Sandstorm Gold during the 3rd quarter valued at about $183,000. 51.97% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several research analysts have recently weighed in on SAND shares. Royal Bank of Canada lowered their target price on Sandstorm Gold from $6.50 to $6.00 and set an "outperform" rating on the stock in a report on Tuesday, September 10th. StockNews.com downgraded Sandstorm Gold from a "buy" rating to a "hold" rating in a research report on Thursday, November 14th. Finally, HC Wainwright upped their target price on Sandstorm Gold from $11.50 to $12.00 and gave the company a "buy" rating in a report on Monday, November 11th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $8.35.
Read Our Latest Research Report on SAND
Sandstorm Gold Trading Down 3.0 %
Shares of NYSE SAND traded down $0.18 during midday trading on Thursday, reaching $5.69. 3,474,480 shares of the stock were exchanged, compared to its average volume of 2,445,043. The stock has a market capitalization of $1.69 billion, a P/E ratio of 47.75 and a beta of 1.11. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.29 and a current ratio of 2.29. The company has a 50 day simple moving average of $5.87 and a 200 day simple moving average of $5.72. Sandstorm Gold Ltd. has a twelve month low of $3.96 and a twelve month high of $6.50.
Sandstorm Gold (NYSE:SAND - Get Free Report) last posted its earnings results on Thursday, November 7th. The company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.01). Sandstorm Gold had a return on equity of 2.44% and a net margin of 20.46%. The business had revenue of $44.70 million for the quarter, compared to analyst estimates of $44.70 million. As a group, equities analysts expect that Sandstorm Gold Ltd. will post 0.1 earnings per share for the current year.
Sandstorm Gold Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 25th. Investors of record on Tuesday, October 15th were given a dividend of $0.015 per share. This represents a $0.06 dividend on an annualized basis and a dividend yield of 1.06%. This is an increase from Sandstorm Gold's previous quarterly dividend of $0.01. The ex-dividend date was Tuesday, October 15th. Sandstorm Gold's dividend payout ratio (DPR) is presently 41.67%.
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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