Intact Investment Management Inc. grew its holdings in shares of Sandstorm Gold Ltd. (NYSE:SAND - Free Report) by 107.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 270,200 shares of the company's stock after buying an additional 140,100 shares during the period. Intact Investment Management Inc. owned 0.09% of Sandstorm Gold worth $1,511,000 as of its most recent SEC filing.
Other hedge funds have also recently modified their holdings of the company. Bank of New York Mellon Corp boosted its stake in Sandstorm Gold by 21.0% in the 4th quarter. Bank of New York Mellon Corp now owns 13,897 shares of the company's stock worth $78,000 after purchasing an additional 2,416 shares in the last quarter. Swiss National Bank boosted its stake in Sandstorm Gold by 0.6% in the 4th quarter. Swiss National Bank now owns 501,762 shares of the company's stock worth $2,805,000 after purchasing an additional 3,000 shares in the last quarter. FNY Investment Advisers LLC boosted its stake in Sandstorm Gold by 20.0% in 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 in the last quarter. Commonwealth Equity Services LLC boosted its stake in Sandstorm Gold by 28.5% in the 4th quarter. Commonwealth Equity Services LLC now owns 21,736 shares of the company's stock worth $121,000 after purchasing an additional 4,817 shares in the last quarter. Finally, Money Concepts Capital Corp boosted its stake in Sandstorm Gold by 3.1% in the 4th quarter. Money Concepts Capital Corp now owns 177,499 shares of the company's stock worth $990,000 after purchasing an additional 5,393 shares in the last quarter. Institutional investors own 51.97% of the company's stock.
Analyst Upgrades and Downgrades
A number of brokerages recently issued reports on SAND. StockNews.com upgraded shares of Sandstorm Gold from a "hold" rating to a "buy" rating in a research note on Wednesday, February 26th. HC Wainwright dropped their price target on shares of Sandstorm Gold from $12.00 to $11.50 and set a "buy" rating on the stock in a research note on Wednesday, February 19th. Finally, Scotiabank upped their target price on shares of Sandstorm Gold from $6.75 to $7.25 and gave the company a "sector perform" rating in a research note on Thursday, February 27th. Two equities research 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.
Check Out Our Latest Research Report on Sandstorm Gold
Sandstorm Gold Stock Performance
SAND traded up $0.03 during midday trading on Wednesday, hitting $6.80. 2,733,954 shares of the company traded hands, compared to its average volume of 3,085,678. 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 firm has a market capitalization of $2.01 billion, a PE ratio of 135.93 and a beta of 1.06. The company's 50-day moving average is $6.10 and its 200 day moving average is $5.92. Sandstorm Gold Ltd. has a 52 week low of $4.76 and a 52 week high of $6.95.
Sandstorm Gold (NYSE:SAND - Get Free Report) last posted its earnings results on Tuesday, February 18th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.03). The company had revenue of $47.40 million for the quarter, compared to the consensus estimate of $67.49 million. Sandstorm Gold had a net margin of 8.11% and a return on equity of 0.98%. During the same quarter in the prior year, the company posted ($0.04) EPS. On average, research analysts expect that Sandstorm Gold Ltd. will post 0.18 EPS for the current year.
Sandstorm Gold Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Tuesday, January 21st were given a dividend of $0.02 per share. The ex-dividend date of this dividend was Tuesday, January 21st. This represents a $0.08 annualized dividend and a dividend yield of 1.18%. This is a positive change from Sandstorm Gold's previous quarterly dividend of $0.02. Sandstorm Gold's dividend 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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