Sandstorm Gold Ltd. (NYSE:SAND) Holdings Increased by Invesco Ltd.

Invesco Ltd. increased its stake in Sandstorm Gold Ltd. (NYSE:SAND - Free Report) by 35.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 6,522,246 shares of the company's stock after buying an additional 1,691,296 shares during the quarter. Invesco Ltd. owned about 2.20% of Sandstorm Gold worth $36,394,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. Lifeworks Advisors LLC acquired a new stake in Sandstorm Gold in the fourth quarter valued at approximately $57,000. Meixler Investment Management Ltd. purchased a new position in shares of Sandstorm Gold in the fourth quarter valued at $66,000. JTC Employer Solutions Trustee Ltd acquired a new stake in Sandstorm Gold during the 4th quarter valued at $72,000. Bank of New York Mellon Corp increased its stake in Sandstorm Gold by 21.0% during the 4th quarter. Bank of New York Mellon Corp now owns 13,897 shares of the company's stock worth $78,000 after buying an additional 2,416 shares during the period. Finally, Fiduciary Family Office LLC bought a new stake in shares of Sandstorm Gold in the 4th quarter worth about $93,000. 51.97% of the stock is currently owned by hedge funds and other institutional investors.

Sandstorm Gold Stock Performance

SAND stock traded down $0.14 during mid-day trading on Tuesday, reaching $8.35. The company had a trading volume of 7,892,680 shares, compared to its average volume of 3,415,488. Sandstorm Gold Ltd. has a one year low of $4.92 and a one year high of $8.82. The stock has a market capitalization of $2.45 billion, a P/E ratio of 166.93 and a beta of 0.90. 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 stock's 50-day simple moving average is $6.97 and its two-hundred day simple moving average is $6.22.

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

Sandstorm Gold Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Monday, April 14th will be paid a dividend of $0.014 per share. This represents a $0.06 annualized dividend and a yield of 0.67%. The ex-dividend date of this dividend is Monday, April 14th. Sandstorm Gold's payout ratio is currently 100.00%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. StockNews.com upgraded Sandstorm Gold from a "hold" rating to a "buy" rating in a research note on Wednesday, February 26th. Royal Bank of Canada lifted their target price on Sandstorm Gold from $6.50 to $7.00 and gave the stock an "outperform" rating in a research report on Friday, April 4th. Raymond James reissued an "outperform" rating on shares of Sandstorm Gold in a research report on Friday, April 4th. HC Wainwright decreased their price objective on shares of Sandstorm Gold from $12.00 to $11.50 and set a "buy" rating for the company in a report on Wednesday, February 19th. Finally, Scotiabank increased their target price on shares of Sandstorm Gold from $7.25 to $8.25 and gave the stock a "sector perform" rating in a report on Monday, April 14th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Sandstorm Gold presently has an average rating of "Moderate Buy" and an average target price of $9.06.

Sandstorm Gold 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.