Private Advisor Group LLC decreased its holdings in shares of Sandstorm Gold Ltd. (NYSE:SAND - Free Report) by 22.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 243,504 shares of the company's stock after selling 71,459 shares during the quarter. Private Advisor Group LLC owned approximately 0.08% of Sandstorm Gold worth $1,359,000 as of its most recent SEC filing.
A number of other hedge funds have also added to or reduced their stakes in SAND. Allworth Financial LP acquired a new stake in shares of Sandstorm Gold in the 3rd quarter valued at approximately $60,000. Meixler Investment Management Ltd. bought a new stake in Sandstorm Gold during the fourth quarter worth $66,000. JTC Employer Solutions Trustee Ltd acquired a new stake in Sandstorm Gold in the fourth quarter valued at $72,000. Walleye Trading LLC acquired a new stake in Sandstorm Gold in the third quarter valued at $85,000. Finally, Fiduciary Family Office LLC bought a new position in shares of Sandstorm Gold in the 4th quarter valued at about $93,000. Institutional investors own 51.97% of the company's stock.
Wall Street Analyst Weigh In
SAND has been the topic of several research reports. Scotiabank upped their price objective on shares of Sandstorm Gold from $6.75 to $7.25 and gave the company a "sector perform" rating in a report on Thursday. StockNews.com upgraded shares of Sandstorm Gold from a "hold" rating to a "buy" rating in a research note on Wednesday, February 26th. Finally, HC Wainwright cut their price objective on shares of Sandstorm Gold from $12.00 to $11.50 and set a "buy" rating for the company in a research report on Wednesday, February 19th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Sandstorm Gold presently has an average rating of "Moderate Buy" and an average price target of $8.56.
View Our Latest Stock Report on SAND
Sandstorm Gold Stock Performance
Shares of Sandstorm Gold stock traded up $0.04 during trading on Monday, reaching $6.17. The company's stock had a trading volume of 4,070,039 shares, compared to its average volume of 3,030,136. The company has a quick ratio of 2.29, a current ratio of 1.95 and a debt-to-equity ratio of 0.24. The business's 50-day moving average price is $5.91 and its 200-day moving average price is $5.86. Sandstorm Gold Ltd. has a 52 week low of $4.50 and a 52 week high of $6.67. The firm has a market cap of $1.83 billion, a PE ratio of 123.42 and a beta of 1.10.
Sandstorm Gold (NYSE:SAND - Get Free Report) last announced its quarterly earnings data on Tuesday, February 18th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.03). The company had revenue of $47.40 million during the quarter, compared to analyst estimates of $67.49 million. Sandstorm Gold had a net margin of 8.11% and a return on equity of 0.98%. During the same period in the prior year, the firm earned ($0.04) earnings per share. Equities analysts forecast that Sandstorm Gold Ltd. will post 0.18 earnings per share for the current year.
Sandstorm Gold Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Tuesday, January 21st were paid a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a yield of 1.30%. This is an increase from Sandstorm Gold's previous quarterly dividend of $0.02. The ex-dividend date of this dividend was Tuesday, January 21st. Sandstorm Gold's dividend payout ratio is presently 100.00%.
Sandstorm Gold Company Profile
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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.
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