National Bank of Canada FI lowered its holdings in Sandstorm Gold Ltd. (NYSE:SAND - Free Report) by 4.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 845,294 shares of the company's stock after selling 36,092 shares during the period. National Bank of Canada FI owned about 0.29% of Sandstorm Gold worth $4,723,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Boston Partners lifted its holdings in shares of Sandstorm Gold by 39,289.9% during the fourth quarter. Boston Partners now owns 9,812,015 shares of the company's stock valued at $54,751,000 after purchasing an additional 9,787,105 shares during the last quarter. Sprott Inc. lifted its stake in Sandstorm Gold by 77.9% during the fourth quarter. Sprott Inc. now owns 4,465,843 shares of the company's stock valued at $24,925,000 after buying an additional 1,955,916 shares in the last quarter. Amundi boosted its holdings in shares of Sandstorm Gold by 74.9% in the fourth quarter. Amundi now owns 2,890,535 shares of the company's stock worth $16,447,000 after buying an additional 1,238,050 shares during the period. Arrowstreet Capital Limited Partnership increased its position in shares of Sandstorm Gold by 935.5% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,330,652 shares of the company's stock worth $7,432,000 after acquiring an additional 1,202,144 shares in the last quarter. Finally, U S Global Investors Inc. raised its holdings 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 acquiring an additional 216,756 shares during the period. 51.97% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
A number of equities analysts recently commented on the stock. 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 research note on Wednesday, February 19th. Raymond James reiterated an "outperform" rating on shares of Sandstorm Gold in a report on Friday, April 4th. Scotiabank increased their price objective on Sandstorm Gold from $6.75 to $7.25 and gave the stock a "sector perform" rating in a research note on Thursday, February 27th. StockNews.com upgraded Sandstorm Gold from a "hold" rating to a "buy" rating in a research report on Wednesday, February 26th. Finally, Royal Bank of Canada upped their target price on Sandstorm Gold from $6.50 to $7.00 and gave the company an "outperform" rating in a report on Friday, April 4th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Sandstorm Gold currently has an average rating of "Moderate Buy" and a consensus target price of $8.81.
Read Our Latest Research Report on SAND
Sandstorm Gold Stock Up 4.0 %
SAND traded up $0.30 during trading on Friday, reaching $7.90. 5,968,699 shares of the stock traded hands, compared to its average volume of 3,296,220. The stock's 50-day simple moving average is $6.70 and its two-hundred day simple moving average is $6.10. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.95 and a quick ratio of 2.29. Sandstorm Gold Ltd. has a fifty-two week low of $4.92 and a fifty-two week high of $7.99. The stock has a market cap of $2.34 billion, a price-to-earnings ratio of 158.11 and a beta of 0.90.
Sandstorm Gold (NYSE:SAND - Get Free Report) last posted its quarterly earnings results on Tuesday, February 18th. The company reported $0.01 earnings per share for the quarter, missing analysts' consensus estimates of $0.04 by ($0.03). The firm had revenue of $47.40 million for the quarter, compared to analysts' expectations of $67.49 million. Sandstorm Gold had a return on equity of 0.98% and a net margin of 8.11%. During the same period last year, the business earned ($0.04) earnings per share. As a group, equities research analysts expect 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 given a $0.014 dividend. This represents a $0.06 annualized dividend and a yield of 0.71%. The ex-dividend date of this dividend is Monday, April 14th. Sandstorm Gold's dividend payout ratio is 100.00%.
About Sandstorm Gold
(
Free Report)
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.
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