Boston Partners Buys 9,787,105 Shares of Sandstorm Gold Ltd. (NYSE:SAND)

Boston Partners raised its position in Sandstorm Gold Ltd. (NYSE:SAND - Free Report) by 39,289.9% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 9,812,015 shares of the company's stock after purchasing an additional 9,787,105 shares during the period. Boston Partners owned 3.31% of Sandstorm Gold worth $54,751,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Sprott Inc. lifted its stake in Sandstorm Gold by 77.9% in the fourth quarter. Sprott Inc. now owns 4,465,843 shares of the company's stock valued at $24,925,000 after buying an additional 1,955,916 shares during the period. Amundi lifted its position in shares of Sandstorm Gold by 74.9% during the 4th quarter. Amundi now owns 2,890,535 shares of the company's stock valued at $16,447,000 after acquiring an additional 1,238,050 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Sandstorm Gold during the 4th quarter valued at $2,853,000. U S Global Investors Inc. boosted its stake in Sandstorm Gold by 31.3% during the fourth quarter. U S Global Investors Inc. now owns 909,749 shares of the company's stock worth $5,076,000 after acquiring an additional 216,756 shares in the last quarter. Finally, Intact Investment Management Inc. grew its holdings in Sandstorm Gold by 107.7% in the fourth quarter. Intact Investment Management Inc. now owns 270,200 shares of the company's stock worth $1,511,000 after purchasing an additional 140,100 shares during the period. 51.97% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on SAND shares. HC Wainwright dropped their price objective on shares of Sandstorm Gold from $12.00 to $11.50 and set a "buy" rating on the stock in a report on Wednesday, February 19th. StockNews.com upgraded Sandstorm Gold from a "hold" rating to a "buy" rating in a report on Wednesday, February 26th. Finally, Scotiabank raised their price objective on Sandstorm Gold from $6.75 to $7.25 and gave the company a "sector perform" rating in a research note on Thursday, February 27th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $8.56.

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Sandstorm Gold Stock Up 1.0 %

Shares of NYSE SAND traded up $0.07 during trading on Monday, hitting $6.86. The stock had a trading volume of 3,442,526 shares, compared to its average volume of 3,098,716. The firm has a fifty day moving average of $6.17 and a two-hundred day moving average of $5.94. The company has a market capitalization of $2.03 billion, a PE ratio of 137.13 and a beta of 1.06. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.95 and a quick ratio of 2.29. Sandstorm Gold Ltd. has a 12 month low of $4.92 and a 12 month high of $6.95.

Sandstorm Gold (NYSE:SAND - Get Free Report) last posted its quarterly earnings results 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). Sandstorm Gold had a return on equity of 0.98% and a net margin of 8.11%. The firm had revenue of $47.40 million for the quarter, compared to the consensus estimate of $67.49 million. During the same quarter in the previous year, the company posted ($0.04) EPS. As a group, equities research analysts forecast that Sandstorm Gold Ltd. will post 0.18 EPS for the current fiscal year.

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.