Horizon Kinetics Asset Management LLC Sells 113,047 Shares of Sandstorm Gold Ltd. (NYSE:SAND)

Horizon Kinetics Asset Management LLC trimmed its holdings in Sandstorm Gold Ltd. (NYSE:SAND - Free Report) by 2.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,788,672 shares of the company's stock after selling 113,047 shares during the period. Horizon Kinetics Asset Management LLC owned about 1.28% of Sandstorm Gold worth $21,141,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also made changes to their positions in the company. Lifeworks Advisors LLC bought a new position in shares of Sandstorm Gold during the fourth quarter worth $57,000. Meixler Investment Management Ltd. purchased a new position in shares of Sandstorm Gold during the fourth quarter valued at about $66,000. JTC Employer Solutions Trustee Ltd bought a new stake in shares of Sandstorm Gold in the fourth quarter worth about $72,000. Bank of New York Mellon Corp lifted its position in shares of Sandstorm Gold by 21.0% in 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 in the last quarter. Finally, Walleye Trading LLC purchased a new stake in shares of Sandstorm Gold in the third quarter worth about $85,000. 51.97% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

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Sandstorm Gold Trading Down 1.1 %

Shares of Sandstorm Gold stock traded down $0.08 on Friday, reaching $6.79. The company had a trading volume of 2,792,159 shares, compared to its average volume of 3,090,398. The firm has a market cap of $2.01 billion, a price-to-earnings ratio of 135.73 and a beta of 1.06. 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 firm's 50-day moving average price is $6.15 and its two-hundred day moving average price is $5.93. Sandstorm Gold Ltd. has a 1 year low of $4.92 and a 1 year high of $6.95.

Sandstorm Gold (NYSE:SAND - Get Free Report) last posted its quarterly earnings data on Tuesday, February 18th. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.04 by ($0.03). Sandstorm Gold had a return on equity of 0.98% and a net margin of 8.11%. The firm had revenue of $47.40 million for the quarter, compared to analysts' expectations of $67.49 million. During the same period in the previous year, the firm earned ($0.04) earnings per share. As a group, research analysts predict that Sandstorm Gold Ltd. will post 0.18 earnings per share for the current fiscal year.

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.