Sandstorm Gold Ltd. (NYSE:SAND) Shares Acquired by Amundi

Amundi increased its holdings in shares of Sandstorm Gold Ltd. (NYSE:SAND - Free Report) by 74.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,890,535 shares of the company's stock after purchasing an additional 1,238,050 shares during the quarter. Amundi owned 0.98% of Sandstorm Gold worth $16,447,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Bank of New York Mellon Corp boosted its stake in Sandstorm Gold by 21.0% during the fourth quarter. Bank of New York Mellon Corp now owns 13,897 shares of the company's stock worth $78,000 after buying an additional 2,416 shares during the period. FNY Investment Advisers LLC boosted its position in shares of Sandstorm Gold by 20.0% during the 4th quarter. FNY Investment Advisers LLC now owns 24,000 shares of the company's stock worth $133,000 after purchasing an additional 4,000 shares during the period. Money Concepts Capital Corp increased its holdings in Sandstorm Gold by 3.1% in the 4th quarter. Money Concepts Capital Corp now owns 177,499 shares of the company's stock valued at $990,000 after purchasing an additional 5,393 shares during the last quarter. Stansberry Asset Management LLC increased its holdings in Sandstorm Gold by 17.1% in the 3rd quarter. Stansberry Asset Management LLC now owns 46,569 shares of the company's stock valued at $279,000 after purchasing an additional 6,817 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in Sandstorm Gold by 7.5% in the third quarter. Geode Capital Management LLC now owns 125,681 shares of the company's stock valued at $757,000 after purchasing an additional 8,728 shares during the period. 51.97% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on SAND shares. HC Wainwright dropped their price objective on Sandstorm Gold from $12.00 to $11.50 and set a "buy" rating for the company in a research note on Wednesday, February 19th. StockNews.com raised Sandstorm Gold from a "hold" rating to a "buy" rating in a research report on Wednesday, February 26th. Finally, Scotiabank increased their price target on shares of Sandstorm Gold from $6.75 to $7.25 and gave the stock a "sector perform" rating in a research report on Thursday, February 27th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $8.56.

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Sandstorm Gold Stock Performance

Shares of Sandstorm Gold stock opened at $6.45 on Friday. The company has a quick ratio of 2.29, a current ratio of 1.95 and a debt-to-equity ratio of 0.24. Sandstorm Gold Ltd. has a 52 week low of $4.76 and a 52 week high of $6.67. The firm's 50 day moving average is $6.04 and its two-hundred day moving average is $5.90. The firm has a market capitalization of $1.91 billion, a P/E ratio of 128.93 and a beta of 1.06.

Sandstorm Gold (NYSE:SAND - Get Free Report) last announced its earnings results on Tuesday, February 18th. The company reported $0.01 earnings per share (EPS) 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 analyst estimates of $67.49 million. During the same period last year, the company earned ($0.04) earnings per share. Research analysts forecast that Sandstorm Gold Ltd. will post 0.18 EPS for the current fiscal year.

Sandstorm Gold Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Tuesday, January 21st were paid a dividend of $0.02 per share. This is an increase from Sandstorm Gold's previous quarterly dividend of $0.02. The ex-dividend date was Tuesday, January 21st. This represents a $0.08 annualized dividend and a dividend yield of 1.24%. Sandstorm Gold's dividend payout ratio is 100.00%.

About Sandstorm Gold

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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