111,410 Shares in Sandstorm Gold Ltd. (NYSE:SAND) Bought by Squarepoint Ops LLC

Squarepoint Ops LLC bought a new stake in Sandstorm Gold Ltd. (NYSE:SAND - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 111,410 shares of the company's stock, valued at approximately $606,000.

A number of other large investors also recently bought and sold shares of the stock. Cubist Systematic Strategies LLC increased its stake in Sandstorm Gold by 266.3% during the second quarter. Cubist Systematic Strategies LLC now owns 88,124 shares of the company's stock worth $479,000 after purchasing an additional 64,063 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its stake in Sandstorm Gold by 2.2% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 3,634,027 shares of the company's stock worth $19,766,000 after purchasing an additional 78,032 shares during the period. Bank of Montreal Can increased its stake in Sandstorm Gold by 2.7% during the second quarter. Bank of Montreal Can now owns 1,560,657 shares of the company's stock worth $8,511,000 after purchasing an additional 41,623 shares during the period. Sagil Capital LLP purchased a new stake in Sandstorm Gold during the second quarter worth about $8,041,000. Finally, Plancorp LLC purchased a new stake in Sandstorm Gold during the second quarter worth about $311,000. Institutional investors and hedge funds own 51.97% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. HC Wainwright upped their target price on shares of Sandstorm Gold from $11.00 to $11.50 and gave the stock a "buy" rating in a research note on Monday, August 5th. Royal Bank of Canada cut their target price on shares of Sandstorm Gold from $6.50 to $6.00 and set an "outperform" rating on the stock in a research note on Tuesday, September 10th. CIBC upped their target price on shares of Sandstorm Gold from $9.00 to $9.50 and gave the stock a "neutral" rating in a research note on Wednesday, July 10th. Finally, StockNews.com upgraded shares of Sandstorm Gold from a "hold" rating to a "buy" rating in a research note on Friday, September 27th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $8.25.

Sandstorm Gold Stock Down 1.7 %

Sandstorm Gold stock traded down $0.10 during mid-day trading on Wednesday, hitting $5.71. The company had a trading volume of 3,126,479 shares, compared to its average volume of 2,198,527. The stock has a market cap of $1.70 billion, a price-to-earnings ratio of 71.38 and a beta of 1.14. Sandstorm Gold Ltd. has a 1 year low of $3.96 and a 1 year 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. The business has a fifty day moving average of $5.72 and a 200 day moving average of $5.61.

Sandstorm Gold (NYSE:SAND - Get Free Report) last announced its quarterly 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. The company had revenue of $41.37 million for the quarter, compared to analyst estimates of $40.50 million. Sandstorm Gold had a net margin of 17.55% and a return on equity of 2.06%. During the same period in the prior year, the firm posted $0.01 earnings per share. On average, sell-side analysts expect that Sandstorm Gold Ltd. will post 0.09 earnings per share for the current fiscal year.

Sandstorm Gold Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 25th. Shareholders of record on Tuesday, October 15th will be paid a $0.015 dividend. This is a positive change from Sandstorm Gold's previous quarterly dividend of $0.01. This represents a $0.06 annualized dividend and a yield of 1.05%. The ex-dividend date of this dividend is Tuesday, October 15th. Sandstorm Gold's dividend payout ratio is currently 62.50%.

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.