Canada Pension Plan Investment Board purchased a new stake in Sandstorm Gold Ltd. (NYSE:SAND - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 361,800 shares of the company's stock, valued at approximately $2,021,000. Canada Pension Plan Investment Board owned approximately 0.12% of Sandstorm Gold as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds also recently modified their holdings of the company. Boston Partners increased its position in shares of Sandstorm Gold by 39,289.9% in the fourth quarter. Boston Partners now owns 9,812,015 shares of the company's stock worth $54,751,000 after acquiring an additional 9,787,105 shares in the last quarter. Sprott Inc. boosted its stake in Sandstorm Gold by 77.9% in the 4th quarter. Sprott Inc. now owns 4,465,843 shares of the company's stock worth $24,925,000 after purchasing an additional 1,955,916 shares during the period. Invesco Ltd. grew its position in Sandstorm Gold by 35.0% during the 4th quarter. Invesco Ltd. now owns 6,522,246 shares of the company's stock worth $36,394,000 after purchasing an additional 1,691,296 shares in the last quarter. Amundi grew its position in Sandstorm Gold by 74.9% during the 4th quarter. Amundi now owns 2,890,535 shares of the company's stock worth $16,447,000 after purchasing an additional 1,238,050 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its stake in Sandstorm Gold by 935.5% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,330,652 shares of the company's stock valued at $7,432,000 after purchasing an additional 1,202,144 shares during the period. Institutional investors and hedge funds own 51.97% of the company's stock.
Sandstorm Gold Stock Down 0.9 %
SAND traded down $0.08 during midday trading on Friday, hitting $8.43. 4,094,285 shares of the company's stock traded hands, compared to its average volume of 3,464,289. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.95 and a quick ratio of 2.29. The company has a market cap of $2.47 billion, a PE ratio of 168.63 and a beta of 0.90. Sandstorm Gold Ltd. has a one year low of $4.92 and a one year high of $8.82. The stock's fifty day simple moving average is $7.09 and its 200-day simple moving average is $6.27.
Sandstorm Gold (NYSE:SAND - Get Free Report) last released its quarterly earnings data on Tuesday, February 18th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.03). The business had revenue of $47.40 million during the quarter, compared to analyst estimates of $67.49 million. Sandstorm Gold had a net margin of 8.11% and a return on equity of 0.98%. During the same period in the previous year, the firm posted ($0.04) EPS. As a group, equities analysts anticipate that Sandstorm Gold Ltd. will post 0.18 earnings per share for the current fiscal year.
Sandstorm Gold Cuts Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, April 25th. Stockholders of record on Monday, April 14th were issued a dividend of $0.014 per share. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.66%. The ex-dividend date was Monday, April 14th. Sandstorm Gold's dividend payout ratio is 100.00%.
Wall Street Analysts Forecast Growth
A number of research analysts have recently weighed in on SAND shares. HC Wainwright lowered their price target on Sandstorm Gold from $12.00 to $11.50 and set a "buy" rating on the stock in a report on Wednesday, February 19th. Raymond James restated an "outperform" rating on shares of Sandstorm Gold in a research report on Friday, April 4th. StockNews.com upgraded Sandstorm Gold from a "hold" rating to a "buy" rating in a report on Wednesday, February 26th. Royal Bank of Canada raised their price target on shares of Sandstorm Gold from $6.50 to $7.00 and gave the stock an "outperform" rating in a report on Friday, April 4th. Finally, Scotiabank upped their price objective on shares of Sandstorm Gold from $7.25 to $8.25 and gave the company a "sector perform" rating in a research note on Monday, April 14th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $9.06.
Check Out Our Latest Research Report on Sandstorm Gold
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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