Renaissance Technologies LLC lifted its holdings in shares of Sandstorm Gold Ltd. (NYSE:SAND - Free Report) by 31.6% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 472,800 shares of the company's stock after acquiring an additional 113,500 shares during the quarter. Renaissance Technologies LLC owned approximately 0.16% of Sandstorm Gold worth $2,572,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Perritt Capital Management Inc. purchased a new stake in Sandstorm Gold in the first quarter worth about $31,000. Creekmur Asset Management LLC bought a new stake in shares of Sandstorm Gold during the fourth quarter valued at approximately $39,000. Mather Group LLC. bought a new stake in shares of Sandstorm Gold during the second quarter valued at approximately $67,000. Oak Family Advisors LLC purchased a new stake in Sandstorm Gold in the second quarter worth $88,000. Finally, Oxbow Advisors LLC raised its holdings in Sandstorm Gold by 34.3% in the second quarter. Oxbow Advisors LLC now owns 20,556 shares of the company's stock worth $112,000 after purchasing an additional 5,254 shares in the last quarter. Hedge funds and other institutional investors own 51.97% of the company's stock.
Sandstorm Gold Stock Down 0.2 %
Sandstorm Gold stock traded down $0.01 during trading hours on Wednesday, hitting $6.04. The stock had a trading volume of 2,893,534 shares, compared to its average volume of 2,177,340. The stock's 50-day moving average price is $5.69 and its 200-day moving average price is $5.57. The stock has a market capitalization of $1.80 billion, a P/E ratio of 75.69 and a beta of 1.14. Sandstorm Gold Ltd. has a 12-month low of $3.96 and a 12-month high of $6.38. The company has a quick ratio of 1.99, a current ratio of 1.99 and a debt-to-equity ratio of 0.27.
Sandstorm Gold (NYSE:SAND - Get Free Report) last issued its earnings results on Thursday, August 1st. The company reported $0.03 EPS for the quarter, beating the consensus estimate of $0.02 by $0.01. Sandstorm Gold had a return on equity of 2.06% and a net margin of 17.55%. The business had revenue of $41.37 million for the quarter, compared to the consensus estimate of $40.50 million. During the same period last year, the business posted $0.01 EPS. Equities research analysts anticipate 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, October 25th. Shareholders of record on Tuesday, October 15th will be given a $0.015 dividend. This is a positive change from Sandstorm Gold's previous quarterly dividend of $0.01. The ex-dividend date is Tuesday, October 15th. This represents a $0.06 dividend on an annualized basis and a yield of 0.99%. Sandstorm Gold's payout ratio is 62.50%.
Wall Street Analyst Weigh In
A number of analysts have recently commented on SAND shares. CIBC boosted their target price on shares of Sandstorm Gold from $9.00 to $9.50 and gave the company a "neutral" rating in a report on Wednesday, July 10th. HC Wainwright upped their price objective on shares of Sandstorm Gold from $11.00 to $11.50 and gave the stock a "buy" rating in a report on Monday, August 5th. StockNews.com upgraded shares of Sandstorm Gold from a "hold" rating to a "buy" rating in a report on Friday, September 27th. Finally, Royal Bank of Canada dropped their price target on Sandstorm Gold from $6.50 to $6.00 and set an "outperform" rating on the stock in a research report on Tuesday, September 10th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, Sandstorm Gold presently has a consensus rating of "Moderate Buy" and an average target price of $8.25.
Get Our Latest Analysis on Sandstorm Gold
Sandstorm Gold Profile
(
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.
Further Reading
Before you consider Sandstorm Gold, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Sandstorm Gold wasn't on the list.
While Sandstorm Gold currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to avoid the hassle of mudslinging, volatility, and uncertainty? You'd need to be out of the market, which isn’t viable. So where should investors put their money? Find out with this report.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
