JPMorgan Chase & Co. Sells 2,344,553 Shares of Sandstorm Gold Ltd. (NYSE:SAND)

JPMorgan Chase & Co. lowered its position in shares of Sandstorm Gold Ltd. (NYSE:SAND - Free Report) by 99.8% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 5,720 shares of the company's stock after selling 2,344,553 shares during the period. JPMorgan Chase & Co.'s holdings in Sandstorm Gold were worth $34,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Allworth Financial LP bought a new stake in shares of Sandstorm Gold in the 3rd quarter valued at about $60,000. Walleye Trading LLC bought a new stake in shares of Sandstorm Gold in the 3rd quarter valued at about $85,000. Point72 Asset Management L.P. bought a new stake in shares of Sandstorm Gold in the 3rd quarter valued at about $153,000. Aigen Investment Management LP grew its position in shares of Sandstorm Gold by 32.4% in the 3rd quarter. Aigen Investment Management LP now owns 42,385 shares of the company's stock valued at $254,000 after buying an additional 10,363 shares during the last quarter. Finally, Stansberry Asset Management LLC grew its position in shares of Sandstorm Gold by 17.1% in the 3rd quarter. Stansberry Asset Management LLC now owns 46,569 shares of the company's stock valued at $279,000 after buying an additional 6,817 shares during the last quarter. Institutional investors own 51.97% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on SAND shares. StockNews.com upgraded Sandstorm Gold from a "hold" rating to a "buy" rating in a research report on Wednesday. HC Wainwright upped their target price on Sandstorm Gold from $11.50 to $12.00 and gave the company a "buy" rating in a research report on Monday, November 11th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $8.50.

Sandstorm Gold Stock Down 0.7 %

SAND stock traded down $0.05 during trading on Friday, reaching $6.28. 5,011,041 shares of the stock were exchanged, compared to its average volume of 5,637,777. The firm's 50 day moving average is $5.70 and its 200 day moving average is $5.76. Sandstorm Gold Ltd. has a twelve month low of $3.96 and a twelve month high of $6.50. The company has a current ratio of 2.29, a quick ratio of 2.29 and a debt-to-equity ratio of 0.26. The firm has a market cap of $1.86 billion, a P/E ratio of 52.30 and a beta of 1.10.

Sandstorm Gold (NYSE:SAND - Get Free Report) last posted its quarterly earnings results on Thursday, November 7th. The company reported $0.02 earnings per share for the quarter, missing analysts' consensus estimates of $0.03 by ($0.01). Sandstorm Gold had a return on equity of 2.44% and a net margin of 20.46%. The firm had revenue of $44.70 million for the quarter, compared to analyst estimates of $44.70 million. As a group, research analysts forecast that Sandstorm Gold Ltd. will post 0.09 EPS for the current year.

Sandstorm Gold Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Tuesday, January 21st were paid a $0.02 dividend. The ex-dividend date was Tuesday, January 21st. This is an increase from Sandstorm Gold's previous quarterly dividend of $0.02. This represents a $0.08 annualized dividend and a dividend yield of 1.27%. Sandstorm Gold's dividend payout ratio is 50.00%.

About Sandstorm Gold

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.