U S Global Investors Inc. lifted its stake in shares of Sandstorm Gold Ltd. (NYSE:SAND - Free Report) by 31.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 909,749 shares of the company's stock after purchasing an additional 216,756 shares during the period. U S Global Investors Inc. owned about 0.31% of Sandstorm Gold worth $5,076,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds have also recently modified their holdings of the stock. Allworth Financial LP purchased a new position in shares of Sandstorm Gold in the third quarter worth about $60,000. Meixler Investment Management Ltd. purchased a new position in Sandstorm Gold in the 4th quarter worth approximately $66,000. JTC Employer Solutions Trustee Ltd acquired a new position in shares of Sandstorm Gold during the 4th quarter worth approximately $72,000. Bank of New York Mellon Corp grew 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 valued at $78,000 after purchasing an additional 2,416 shares in the last quarter. Finally, Walleye Trading LLC acquired a new stake in shares of Sandstorm Gold in the third quarter valued at approximately $85,000. Institutional investors and hedge funds own 51.97% of the company's stock.
Sandstorm Gold Stock Up 0.1 %
NYSE SAND traded up $0.01 on Tuesday, hitting $6.17. 5,187,891 shares of the stock were exchanged, compared to its average volume of 3,039,302. Sandstorm Gold Ltd. has a fifty-two week low of $4.50 and a fifty-two week high of $6.67. The company has a 50-day moving average price of $5.92 and a 200-day moving average price of $5.86. 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 company has a market cap of $1.83 billion, a PE ratio of 123.32 and a beta of 1.10.
Sandstorm Gold (NYSE:SAND - Get Free Report) last posted its earnings results 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 net margin of 8.11% and a return on equity of 0.98%. The business had revenue of $47.40 million during the quarter, compared to analysts' expectations of $67.49 million. During the same period last year, the company earned ($0.04) EPS. Sell-side analysts anticipate 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 given a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a dividend yield of 1.30%. The ex-dividend date was Tuesday, January 21st. This is a positive change from Sandstorm Gold's previous quarterly dividend of $0.02. Sandstorm Gold's dividend payout ratio (DPR) is 100.00%.
Analyst Ratings Changes
A number of equities analysts have weighed in on the company. HC Wainwright lowered their price objective on Sandstorm Gold from $12.00 to $11.50 and set a "buy" rating on the stock in a research note on Wednesday, February 19th. StockNews.com raised shares of Sandstorm Gold from a "hold" rating to a "buy" rating in a report on Wednesday, February 26th. Finally, Scotiabank lifted their target price on shares of Sandstorm Gold from $6.75 to $7.25 and gave the stock 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 assigned a buy rating to the stock. According to MarketBeat, Sandstorm Gold currently has a consensus rating of "Moderate Buy" and a consensus target price of $8.56.
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Sandstorm Gold Profile
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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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