Fmr LLC Takes Position in Sandstorm Gold Ltd. (NYSE:SAND)

FMR LLC bought a new position in Sandstorm Gold Ltd. (NYSE:SAND - Free Report) during the third quarter, according to its most recent Form 13F filing with the SEC. The firm bought 100,001 shares of the company's stock, valued at approximately $600,000.

A number of other institutional investors have also bought and sold shares of the business. Allworth Financial LP acquired a new position in shares of Sandstorm Gold during the 3rd quarter valued at about $60,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in Sandstorm Gold in the 2nd quarter valued at about $94,000. Oxbow Advisors LLC grew its stake in shares of Sandstorm Gold by 34.3% in the 2nd quarter. Oxbow Advisors LLC now owns 20,556 shares of the company's stock valued at $112,000 after buying an additional 5,254 shares during the period. Quent Capital LLC acquired a new stake in shares of Sandstorm Gold during the 3rd quarter worth approximately $183,000. Finally, Versor Investments LP raised its position in shares of Sandstorm Gold by 39.1% during the 2nd quarter. Versor Investments LP now owns 35,900 shares of the company's stock valued at $195,000 after buying an additional 10,100 shares during the period. 51.97% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on SAND. HC Wainwright increased their price objective on Sandstorm Gold from $11.50 to $12.00 and gave the stock a "buy" rating in a research report on Monday, November 11th. Royal Bank of Canada lowered their price target on Sandstorm Gold from $6.50 to $6.00 and set an "outperform" rating for the company in a report on Tuesday, September 10th. Finally, StockNews.com cut shares of Sandstorm Gold from a "buy" rating to a "hold" rating in a research report on Thursday, November 14th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $8.50.

Sandstorm Gold Stock Performance

Shares of NYSE SAND remained flat at $5.36 during trading on Thursday. The stock had a trading volume of 3,497,853 shares, compared to its average volume of 2,467,850. The stock has a fifty day moving average price of $5.83 and a 200-day moving average price of $5.72. Sandstorm Gold Ltd. has a twelve month low of $3.96 and a twelve month high of $6.50. 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 stock has a market capitalization of $1.59 billion, a P/E ratio of 44.67 and a beta of 1.11.

Sandstorm Gold (NYSE:SAND - Get Free Report) last released its earnings results on Thursday, November 7th. The company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.01). The firm had revenue of $44.70 million during 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%. Analysts forecast that Sandstorm Gold Ltd. will post 0.09 EPS for the current fiscal year.

Sandstorm Gold Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Tuesday, January 21st will be issued a dividend of $0.02 per share. This is a positive change from Sandstorm Gold's previous quarterly dividend of $0.02. This represents a $0.08 dividend on an annualized basis and a yield of 1.49%. Sandstorm Gold's dividend payout ratio 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.