Raymond James Financial Inc. acquired a new position in shares of Sandstorm Gold Ltd. (NYSE:SAND - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 511,352 shares of the company's stock, valued at approximately $2,853,000. Raymond James Financial Inc. owned 0.17% of Sandstorm Gold at the end of the most recent reporting period.
Several other institutional investors have also recently made changes to their positions in SAND. Dynamic Technology Lab Private Ltd boosted its holdings in Sandstorm Gold by 219.0% during the third quarter. Dynamic Technology Lab Private Ltd now owns 47,727 shares of the company's stock worth $286,000 after buying an additional 32,766 shares in the last quarter. Quantbot Technologies LP boosted its stake in shares of Sandstorm Gold by 14.4% during the 3rd quarter. Quantbot Technologies LP now owns 132,996 shares of the company's stock worth $798,000 after acquiring an additional 16,779 shares in the last quarter. FMR LLC acquired a new stake in shares of Sandstorm Gold during the 3rd quarter valued at about $600,000. Walleye Capital LLC grew its position in shares of Sandstorm Gold by 285.7% during the 3rd quarter. Walleye Capital LLC now owns 92,919 shares of the company's stock valued at $558,000 after acquiring an additional 68,826 shares during the period. Finally, Walleye Trading LLC purchased a new position in shares of Sandstorm Gold in the 3rd quarter valued at about $85,000. 51.97% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several brokerages have commented on SAND. Scotiabank raised their price objective on Sandstorm Gold from $6.75 to $7.25 and gave the company a "sector perform" rating in a report on Thursday, February 27th. StockNews.com raised shares of Sandstorm Gold from a "hold" rating to a "buy" rating in a report on Wednesday, February 26th. Finally, HC Wainwright reduced 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 investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, Sandstorm Gold has an average rating of "Moderate Buy" and an average target price of $8.56.
Check Out Our Latest Research Report on SAND
Sandstorm Gold Price Performance
Shares of NYSE SAND remained flat at $7.49 during midday trading on Wednesday. The stock had a trading volume of 5,809,420 shares, compared to its average volume of 3,241,170. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.95 and a quick ratio of 2.29. The company's 50-day simple moving average is $6.45 and its 200 day simple moving average is $6.04. The firm has a market capitalization of $2.22 billion, a P/E ratio of 149.83 and a beta of 1.06. Sandstorm Gold Ltd. has a 1-year low of $4.92 and a 1-year high of $7.74.
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 analysts' consensus estimates of $0.04 by ($0.03). Sandstorm Gold had a net margin of 8.11% and a return on equity of 0.98%. The firm had revenue of $47.40 million during the quarter, compared to analysts' expectations of $67.49 million. During the same quarter in the previous year, the business posted ($0.04) EPS. As a group, analysts expect that Sandstorm Gold Ltd. will post 0.18 earnings per share for the current fiscal year.
Sandstorm Gold Cuts Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Monday, April 14th will be given a dividend of $0.014 per share. The ex-dividend date of this dividend is Monday, April 14th. This represents a $0.06 dividend on an annualized basis and a yield of 0.75%. Sandstorm Gold's payout ratio is presently 100.00%.
About Sandstorm Gold
(
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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