Dimensional Fund Advisors LP Acquires 935,005 Shares of Sandstorm Gold Ltd. (NYSE:SAND)

Dimensional Fund Advisors LP boosted its position in Sandstorm Gold Ltd. (NYSE:SAND - Free Report) by 42.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,149,232 shares of the company's stock after buying an additional 935,005 shares during the period. Dimensional Fund Advisors LP owned approximately 1.06% of Sandstorm Gold worth $17,162,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of SAND. American Century Companies Inc. boosted its holdings in shares of Sandstorm Gold by 134.2% during the 2nd quarter. American Century Companies Inc. now owns 139,946 shares of the company's stock worth $761,000 after buying an additional 80,200 shares in the last quarter. Acadian Asset Management LLC acquired a new stake in Sandstorm Gold in the second quarter worth $205,000. Oxbow Advisors LLC grew 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 during the period. Mad River Investors increased its stake in Sandstorm Gold by 1.6% in the second quarter. Mad River Investors now owns 192,069 shares of the company's stock valued at $1,045,000 after purchasing an additional 3,016 shares in the last quarter. Finally, TD Asset Management Inc raised its holdings in shares of Sandstorm Gold by 1.1% during the second quarter. TD Asset Management Inc now owns 670,160 shares of the company's stock valued at $3,644,000 after purchasing an additional 7,462 shares during the period. Institutional investors own 51.97% of the company's stock.

Sandstorm Gold Stock Performance

Shares of NYSE:SAND traded down $0.06 during mid-day trading on Friday, reaching $5.89. The company had a trading volume of 2,723,401 shares, compared to its average volume of 2,179,676. Sandstorm Gold Ltd. has a one year low of $3.96 and a one year high of $6.38. The company has a current ratio of 1.99, a quick ratio of 1.99 and a debt-to-equity ratio of 0.27. The company's 50-day moving average price is $5.71 and its 200-day moving average price is $5.59. The firm has a market cap of $1.75 billion, a price-to-earnings ratio of 73.63 and a beta of 1.14.

Sandstorm Gold (NYSE:SAND - Get Free Report) last announced its quarterly earnings data on Thursday, August 1st. The company reported $0.03 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.01. The company had revenue of $41.37 million during the quarter, compared to analyst estimates of $40.50 million. Sandstorm Gold had a return on equity of 2.06% and a net margin of 17.55%. During the same quarter last year, the firm posted $0.01 EPS. As a group, equities research analysts anticipate that Sandstorm Gold Ltd. will post 0.09 EPS for the current fiscal year.

Sandstorm Gold Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 25th. Investors of record on Tuesday, October 15th will be paid a dividend of $0.015 per share. This represents a $0.06 dividend on an annualized basis and a dividend yield of 1.02%. This is a positive change from Sandstorm Gold's previous quarterly dividend of $0.01. The ex-dividend date is Tuesday, October 15th. Sandstorm Gold's payout ratio is presently 62.50%.

Analysts Set New Price Targets

SAND has been the topic of a number of recent research reports. Royal Bank of Canada cut their target price on Sandstorm Gold from $6.50 to $6.00 and set an "outperform" rating on the stock in a report on Tuesday, September 10th. HC Wainwright raised their price objective on shares of Sandstorm Gold from $11.00 to $11.50 and gave the company a "buy" rating in a research note on Monday, August 5th. StockNews.com raised shares of Sandstorm Gold from a "hold" rating to a "buy" rating in a research report on Friday, September 27th. Finally, CIBC raised their price target on shares of Sandstorm Gold from $9.00 to $9.50 and gave the company a "neutral" rating in a research report on Wednesday, July 10th. Two 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, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $8.25.

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.