Louisbourg Investments Inc. Has $4.07 Million Holdings in Sandstorm Gold Ltd. (NYSE:SAND)

Louisbourg Investments Inc. raised its holdings in Sandstorm Gold Ltd. (NYSE:SAND - Free Report) by 17.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 728,182 shares of the company's stock after purchasing an additional 108,000 shares during the period. Louisbourg Investments Inc. owned about 0.25% of Sandstorm Gold worth $4,071,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in SAND. Allworth Financial LP acquired a new stake in shares of Sandstorm Gold during the 3rd quarter valued at approximately $60,000. JTC Employer Solutions Trustee Ltd acquired a new stake in shares of Sandstorm Gold during the 4th quarter valued at approximately $72,000. Walleye Trading LLC acquired a new stake in shares of Sandstorm Gold during the 3rd quarter valued at approximately $85,000. Fiduciary Family Office LLC acquired a new stake in shares of Sandstorm Gold during the 4th quarter valued at approximately $93,000. Finally, Fiduciary Alliance LLC raised its position in shares of Sandstorm Gold by 119.4% during the 4th quarter. Fiduciary Alliance LLC now owns 22,735 shares of the company's stock valued at $127,000 after acquiring an additional 12,375 shares in the last quarter. 51.97% of the stock is owned by institutional investors and hedge funds.

Sandstorm Gold Stock Performance

SAND traded down $0.28 during midday trading on Friday, reaching $6.38. The company's stock had a trading volume of 6,051,259 shares, compared to its average volume of 5,637,777. The stock has a market cap of $1.89 billion, a P/E ratio of 53.13 and a beta of 1.10. The company has a fifty day simple moving average of $5.78 and a 200 day simple moving average of $5.79. The company has a current ratio of 2.29, a quick ratio of 2.29 and a debt-to-equity ratio of 0.26. Sandstorm Gold Ltd. has a twelve month low of $3.98 and a twelve month high of $6.67.

Sandstorm Gold Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Tuesday, January 21st were issued a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a dividend yield of 1.25%. The ex-dividend date of this dividend was Tuesday, January 21st. This is a positive change from Sandstorm Gold's previous quarterly dividend of $0.02. Sandstorm Gold's dividend payout ratio (DPR) is presently 50.00%.

Wall Street Analyst Weigh In

SAND has been the topic of several analyst reports. HC Wainwright increased their target price on Sandstorm Gold from $11.50 to $12.00 and gave the stock a "buy" rating in a research report on Monday, November 11th. StockNews.com cut Sandstorm Gold from a "buy" rating to a "hold" rating in a research note on Thursday. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $8.50.

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.