Intact Investment Management Inc. Buys 86,000 Shares of Sandstorm Gold Ltd. (NYSE:SAND)

Intact Investment Management Inc. raised its holdings in shares of Sandstorm Gold Ltd. (NYSE:SAND - Free Report) by 195.0% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 130,100 shares of the company's stock after purchasing an additional 86,000 shares during the quarter. Intact Investment Management Inc.'s holdings in Sandstorm Gold were worth $781,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of SAND. Pullen Investment Management LLC raised its stake in Sandstorm Gold by 14.0% during the third quarter. Pullen Investment Management LLC now owns 125,360 shares of the company's stock valued at $752,000 after buying an additional 15,384 shares in the last quarter. Allworth Financial LP bought a new stake in Sandstorm Gold during the 3rd quarter valued at $60,000. Private Advisor Group LLC increased its stake in Sandstorm Gold by 2.2% during the 3rd quarter. Private Advisor Group LLC now owns 314,963 shares of the company's stock valued at $1,890,000 after buying an additional 6,669 shares during the period. Quent Capital LLC acquired a new stake in Sandstorm Gold in the third quarter worth approximately $183,000. Finally, Cubist Systematic Strategies LLC lifted its holdings in shares of Sandstorm Gold by 266.3% in the second quarter. Cubist Systematic Strategies LLC now owns 88,124 shares of the company's stock valued at $479,000 after buying an additional 64,063 shares during the period. 51.97% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts recently commented on SAND shares. Royal Bank of Canada cut their target price on shares of Sandstorm Gold from $6.50 to $6.00 and set an "outperform" rating for the company in a research note on Tuesday, September 10th. CIBC boosted their target price on Sandstorm Gold from $9.00 to $9.50 and gave the stock a "neutral" rating in a research report on Wednesday, July 10th. StockNews.com upgraded Sandstorm Gold from a "hold" rating to a "buy" rating in a research report on Friday, September 27th. Finally, HC Wainwright boosted their price objective on Sandstorm Gold from $11.00 to $11.50 and gave the stock a "buy" rating in a report on Monday, August 5th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, Sandstorm Gold presently has an average rating of "Moderate Buy" and an average price target of $8.25.

Sandstorm Gold Stock Up 2.3 %

Sandstorm Gold stock traded up $0.15 during mid-day trading on Tuesday, hitting $6.33. The company's stock had a trading volume of 3,248,244 shares, compared to its average volume of 2,328,563. The firm's 50 day moving average is $5.96 and its 200 day moving average is $5.70. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.99 and a quick ratio of 1.99. The company has a market cap of $1.88 billion, a PE ratio of 63.21 and a beta of 1.13. Sandstorm Gold Ltd. has a 52-week low of $3.96 and a 52-week high of $6.50.

Sandstorm Gold Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 25th. Shareholders of record on Tuesday, October 15th were paid a dividend of $0.015 per share. The ex-dividend date of this dividend was Tuesday, October 15th. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.95%. This is a positive change from Sandstorm Gold's previous quarterly dividend of $0.01. Sandstorm Gold's dividend payout ratio (DPR) is 60.01%.

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.