Russell Investments Group Ltd. grew its position in shares of Sandstorm Gold Ltd. (NYSE:SAND - Free Report) by 13.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 417,492 shares of the company's stock after purchasing an additional 48,108 shares during the period. Russell Investments Group Ltd. owned 0.14% of Sandstorm Gold worth $2,330,000 at the end of the most recent quarter.
Other institutional investors have also modified their holdings of the company. Bank of New York Mellon Corp increased its stake in shares of Sandstorm Gold by 21.0% during the 4th quarter. Bank of New York Mellon Corp now owns 13,897 shares of the company's stock valued at $78,000 after acquiring an additional 2,416 shares during the last quarter. Swiss National Bank increased its position in Sandstorm Gold by 0.6% during the fourth 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 during the last quarter. FNY Investment Advisers LLC raised its stake in Sandstorm Gold by 20.0% during the fourth 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. Geode Capital Management LLC boosted its holdings in shares of Sandstorm Gold by 3.2% in the 4th quarter. Geode Capital Management LLC now owns 129,749 shares of the company's stock valued at $731,000 after purchasing an additional 4,068 shares during the last quarter. Finally, Commonwealth Equity Services LLC grew its stake in shares of Sandstorm Gold by 28.5% during the 4th quarter. Commonwealth Equity Services LLC now owns 21,736 shares of the company's stock valued at $121,000 after buying an additional 4,817 shares during the period. Institutional investors and hedge funds own 51.97% of the company's stock.
Sandstorm Gold Stock Up 1.7 %
Shares of NYSE SAND traded up $0.15 during trading on Thursday, reaching $8.44. 1,474,619 shares of the stock were exchanged, compared to its average volume of 3,435,917. The business's 50-day moving average price is $7.01 and its 200 day moving average price is $6.23. The company has a market capitalization of $2.48 billion, a price-to-earnings ratio of 168.53 and a beta of 0.90. Sandstorm Gold Ltd. has a twelve month low of $4.92 and a twelve month high of $8.82. 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 (NYSE:SAND - Get Free Report) last posted 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 period in the previous year, the company earned ($0.04) earnings per share. As a group, equities analysts forecast that Sandstorm Gold Ltd. will post 0.18 EPS for the current fiscal year.
Sandstorm Gold Cuts Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Monday, April 14th will be given a $0.014 dividend. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.66%. The ex-dividend date of this dividend is Monday, April 14th. Sandstorm Gold's payout ratio is 100.00%.
Analyst Upgrades and Downgrades
A number of brokerages recently weighed in on SAND. Royal Bank of Canada lifted their target price on Sandstorm Gold from $6.50 to $7.00 and gave the company an "outperform" rating in a report on Friday, April 4th. Scotiabank lifted their price objective on Sandstorm Gold from $7.25 to $8.25 and gave the company a "sector perform" rating in a research note on Monday, April 14th. HC Wainwright dropped their target price 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. Raymond James reaffirmed an "outperform" rating on shares of Sandstorm Gold in a research report on Friday, April 4th. Finally, StockNews.com raised shares of Sandstorm Gold from a "hold" rating to a "buy" rating in a research note on Wednesday, February 26th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $9.06.
Get Our Latest Stock Report on SAND
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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