Sandstorm Gold Ltd. (NYSE:SAND) Shares Bought by Renaissance Technologies LLC

Renaissance Technologies LLC grew its holdings in shares of Sandstorm Gold Ltd. (NYSE:SAND - Free Report) by 115.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,469,501 shares of the company's stock after purchasing an additional 786,951 shares during the quarter. Renaissance Technologies LLC owned approximately 0.50% of Sandstorm Gold worth $8,200,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Legal & General Group Plc increased its stake in Sandstorm Gold by 22.3% during the fourth quarter. Legal & General Group Plc now owns 240,926 shares of the company's stock worth $1,347,000 after purchasing an additional 43,907 shares during the period. Invesco Ltd. grew its stake in shares of Sandstorm Gold by 35.0% during the fourth quarter. Invesco Ltd. now owns 6,522,246 shares of the company's stock worth $36,394,000 after purchasing an additional 1,691,296 shares in the last quarter. Bank of Montreal Can raised its stake in Sandstorm Gold by 68.0% in the fourth quarter. Bank of Montreal Can now owns 2,359,258 shares of the company's stock valued at $13,179,000 after buying an additional 954,564 shares in the last quarter. Russell Investments Group Ltd. lifted its stake in Sandstorm Gold by 13.0% during the fourth quarter. Russell Investments Group Ltd. now owns 417,492 shares of the company's stock worth $2,330,000 after purchasing an additional 48,108 shares during the last quarter. Finally, Trexquant Investment LP grew its position in shares of Sandstorm Gold by 116.8% in the 4th quarter. Trexquant Investment LP now owns 662,058 shares of the company's stock valued at $3,694,000 after buying an additional 356,747 shares during the last quarter. Hedge funds and other institutional investors own 51.97% of the company's stock.

Wall Street Analyst Weigh In

SAND has been the topic of a number of recent research reports. Raymond James restated an "outperform" rating on shares of Sandstorm Gold in a research note on Friday, April 4th. Scotiabank upped their target price on Sandstorm Gold from $7.25 to $8.25 and gave the company a "sector perform" rating in a report on Monday, April 14th. Royal Bank of Canada raised their price target on Sandstorm Gold from $6.50 to $7.00 and gave the company an "outperform" rating in a research report on Friday, April 4th. HC Wainwright decreased their price objective on shares of Sandstorm Gold from $12.00 to $11.50 and set a "buy" rating on the stock in a research report on Wednesday, February 19th. Finally, StockNews.com upgraded shares of Sandstorm Gold from a "hold" rating to a "buy" rating in a report on Wednesday, February 26th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $9.06.

Sandstorm Gold Stock Down 0.6 %

Shares of SAND traded down $0.05 during midday trading on Wednesday, reaching $8.29. 3,625,807 shares of the company were exchanged, compared to its average volume of 3,418,253. The company has a current ratio of 1.95, a quick ratio of 2.29 and a debt-to-equity ratio of 0.24. Sandstorm Gold Ltd. has a 1-year low of $4.92 and a 1-year high of $8.82. The company has a market cap of $2.43 billion, a price-to-earnings ratio of 165.83 and a beta of 0.90. The stock has a 50-day moving average price of $6.97 and a 200-day moving average price of $6.22.

Sandstorm Gold (NYSE:SAND - Get Free Report) last announced its earnings results 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). 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 last year, the company posted ($0.04) earnings per share. Research analysts expect that Sandstorm Gold Ltd. will post 0.18 earnings per share for the current 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 issued a $0.014 dividend. This represents a $0.06 dividend on an annualized basis and a yield of 0.67%. The ex-dividend date of this dividend is Monday, April 14th. Sandstorm Gold's dividend payout ratio is currently 100.00%.

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.