Millennium Management LLC Has $3.24 Million Holdings in Sandstorm Gold Ltd. (NYSE:SAND)

Millennium Management LLC reduced its stake in Sandstorm Gold Ltd. (NYSE:SAND - Free Report) by 27.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 595,507 shares of the company's stock after selling 227,093 shares during the quarter. Millennium Management LLC owned 0.20% of Sandstorm Gold worth $3,240,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. Creekmur Asset Management LLC bought a new stake in Sandstorm Gold during the 4th quarter worth about $39,000. Mayfair Advisory Group LLC lifted its position in Sandstorm Gold by 50.0% during the 1st quarter. Mayfair Advisory Group LLC now owns 30,000 shares of the company's stock worth $158,000 after buying an additional 10,000 shares in the last quarter. Helikon Investments Ltd bought a new stake in Sandstorm Gold during the 1st quarter worth about $6,771,000. Van ECK Associates Corp lifted its position in Sandstorm Gold by 5.9% during the 1st quarter. Van ECK Associates Corp now owns 30,542,674 shares of the company's stock worth $160,349,000 after buying an additional 1,703,874 shares in the last quarter. Finally, BNP Paribas Financial Markets lifted its position in Sandstorm Gold by 28.0% during the 1st quarter. BNP Paribas Financial Markets now owns 76,831 shares of the company's stock worth $403,000 after buying an additional 16,812 shares in the last quarter. 51.97% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. CIBC boosted their price target on shares of Sandstorm Gold from $9.00 to $9.50 and gave the stock a "neutral" rating in a research report on Wednesday, July 10th. HC Wainwright boosted their price target on shares of Sandstorm Gold from $11.00 to $11.50 and gave the stock a "buy" rating in a research report on Monday, August 5th. StockNews.com raised 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 target price on shares of Sandstorm Gold from $6.50 to $6.00 and set an "outperform" rating on the stock in a report on Tuesday, September 10th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Sandstorm Gold has a consensus rating of "Moderate Buy" and an average price target of $8.25.

Sandstorm Gold Stock Performance

Shares of SAND stock traded down $0.06 on Tuesday, reaching $5.85. The stock had a trading volume of 3,511,383 shares, compared to its average volume of 2,192,144. 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 firm's 50-day moving average is $5.76 and its two-hundred day moving average is $5.63. The firm has a market capitalization of $1.74 billion, a price-to-earnings ratio of 73.06 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.

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 analysts' consensus estimates of $0.02 by $0.01. Sandstorm Gold had a net margin of 17.55% and a return on equity of 2.06%. The business had revenue of $41.37 million for the quarter, compared to analyst estimates of $40.50 million. During the same quarter in the prior year, the business earned $0.01 EPS. On average, research analysts expect that Sandstorm Gold Ltd. will post 0.09 EPS 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. Investors of record on Tuesday, October 15th will be paid a $0.015 dividend. The ex-dividend date of this dividend is Tuesday, October 15th. This represents a $0.06 dividend on an annualized basis and a yield of 1.03%. This is a positive change from Sandstorm Gold's previous quarterly dividend of $0.01. Sandstorm Gold's dividend payout ratio is 62.50%.

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.