Clearbridge Investments LLC Has $2.95 Million Position in Sandstorm Gold Ltd. (NYSE:SAND)

Clearbridge Investments LLC boosted its holdings in Sandstorm Gold Ltd. (NYSE:SAND - Free Report) by 7.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 528,365 shares of the company's stock after buying an additional 36,360 shares during the period. Clearbridge Investments LLC owned approximately 0.18% of Sandstorm Gold worth $2,948,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of SAND. Boston Partners lifted its stake 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 valued at $54,751,000 after buying an additional 9,787,105 shares during the period. Sprott Inc. raised its holdings in Sandstorm Gold by 77.9% in the 4th quarter. Sprott Inc. now owns 4,465,843 shares of the company's stock valued at $24,925,000 after acquiring an additional 1,955,916 shares in the last quarter. Amundi lifted its position in shares of Sandstorm Gold by 74.9% in the 4th quarter. Amundi now owns 2,890,535 shares of the company's stock worth $16,447,000 after acquiring an additional 1,238,050 shares during the period. Arrowstreet Capital Limited Partnership grew its holdings in shares of Sandstorm Gold by 935.5% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,330,652 shares of the company's stock worth $7,432,000 after purchasing an additional 1,202,144 shares in the last quarter. Finally, U S Global Investors Inc. increased its position in shares of Sandstorm Gold by 31.3% during the fourth quarter. U S Global Investors Inc. now owns 909,749 shares of the company's stock valued at $5,076,000 after purchasing an additional 216,756 shares during the period. 51.97% of the stock is currently owned by institutional investors and hedge funds.

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Sandstorm Gold Price Performance

NYSE:SAND traded up $0.19 on Tuesday, reaching $7.09. The stock had a trading volume of 1,210,337 shares, compared to its average volume of 5,207,244. The company has a quick ratio of 2.29, a current ratio of 1.95 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $2.10 billion, a P/E ratio of 141.53 and a beta of 0.90. Sandstorm Gold Ltd. has a 1-year low of $4.92 and a 1-year high of $7.74. The stock has a fifty day moving average price of $6.53 and a 200-day moving average price of $6.06.

Sandstorm Gold (NYSE:SAND - Get Free Report) last released its quarterly earnings results on Tuesday, February 18th. The company reported $0.01 EPS for the quarter, missing analysts' consensus estimates of $0.04 by ($0.03). Sandstorm Gold had a return on equity of 0.98% and a net margin of 8.11%. The business had revenue of $47.40 million for the quarter, compared to the consensus estimate of $67.49 million. During the same quarter last year, the company earned ($0.04) earnings per share. Research analysts forecast that Sandstorm Gold Ltd. will post 0.18 EPS for the current year.

Sandstorm Gold Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Monday, April 14th will be given a dividend of $0.014 per share. The ex-dividend date of this dividend is Monday, April 14th. This represents a $0.06 annualized dividend and a yield of 0.79%. Sandstorm Gold's dividend payout ratio (DPR) is 100.00%.

Analysts Set New Price Targets

SAND has been the topic of a number of recent research reports. Raymond James reiterated an "outperform" rating on shares of Sandstorm Gold in a research note on Friday. StockNews.com upgraded shares of Sandstorm Gold from a "hold" rating to a "buy" rating in a research report on Wednesday, February 26th. Scotiabank upped their target price on shares of Sandstorm Gold from $6.75 to $7.25 and gave the company a "sector perform" rating in a research note on Thursday, February 27th. HC Wainwright cut 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, Royal Bank of Canada upped their price objective on Sandstorm Gold from $6.50 to $7.00 and gave the company an "outperform" rating in a research note on Friday. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $8.81.

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.