BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Has $18.70 Million Stock Position in Sandstorm Gold Ltd. (NYSE:SAND)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp cut its holdings in shares of Sandstorm Gold Ltd. (NYSE:SAND - Free Report) by 14.3% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,114,791 shares of the company's stock after selling 519,236 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp owned about 1.05% of Sandstorm Gold worth $18,699,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Dimensional Fund Advisors LP lifted its position in shares of Sandstorm Gold by 42.2% during the second quarter. Dimensional Fund Advisors LP now owns 3,149,232 shares of the company's stock worth $17,162,000 after purchasing an additional 935,005 shares in the last quarter. Helikon Investments Ltd lifted its holdings in Sandstorm Gold by 61.8% during the 2nd quarter. Helikon Investments Ltd now owns 2,086,579 shares of the company's stock worth $11,351,000 after buying an additional 796,800 shares in the last quarter. Bank of Montreal Can boosted its position in Sandstorm Gold by 2.7% in the 2nd quarter. Bank of Montreal Can now owns 1,560,657 shares of the company's stock valued at $8,511,000 after buying an additional 41,623 shares during the last quarter. Sagil Capital LLP acquired a new stake in shares of Sandstorm Gold in the 2nd quarter valued at $8,041,000. Finally, TD Asset Management Inc raised its position in shares of Sandstorm Gold by 1.1% during the second quarter. TD Asset Management Inc now owns 670,160 shares of the company's stock worth $3,644,000 after acquiring an additional 7,462 shares during the last quarter. 51.97% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

SAND has been the topic of several recent research reports. StockNews.com cut Sandstorm Gold from a "buy" rating to a "hold" rating in a report on Thursday, November 14th. HC Wainwright lifted their price target on shares of 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 dropped their price target on shares of Sandstorm Gold from $6.50 to $6.00 and set an "outperform" rating for the company in a research note on Tuesday, September 10th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $8.35.

Sandstorm Gold Trading Down 0.7 %

Shares of SAND stock traded down $0.04 on Friday, reaching $5.79. The company had a trading volume of 1,406,989 shares, compared to its average volume of 3,445,531. The stock has a market cap of $1.72 billion, a PE ratio of 48.25 and a beta of 1.13. The company has a 50-day moving average of $5.94 and a 200-day moving average of $5.73. The company has a current ratio of 2.29, a quick ratio of 2.29 and a debt-to-equity ratio of 0.26. 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 issued its quarterly earnings data on Thursday, November 7th. The company reported $0.02 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.03 by ($0.01). The firm had revenue of $44.70 million for the quarter, compared to analyst estimates of $44.70 million. Sandstorm Gold had a net margin of 20.46% and a return on equity of 2.44%. On average, equities analysts forecast that Sandstorm Gold Ltd. will post 0.09 earnings per share for the current year.

Sandstorm Gold Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 25th. Shareholders of record on Tuesday, October 15th were issued a dividend of $0.015 per share. This is an increase from Sandstorm Gold's previous quarterly dividend of $0.01. This represents a $0.06 annualized dividend and a yield of 1.04%. The ex-dividend date was Tuesday, October 15th. Sandstorm Gold's dividend payout ratio (DPR) is 41.67%.

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.