Trexquant Investment LP increased its holdings in Sandstorm Gold Ltd. (NYSE:SAND - Free Report) by 116.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 662,058 shares of the company's stock after purchasing an additional 356,747 shares during the period. Trexquant Investment LP owned approximately 0.22% of Sandstorm Gold worth $3,694,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Geode Capital Management LLC grew its position in Sandstorm Gold by 3.2% during the 4th quarter. Geode Capital Management LLC now owns 129,749 shares of the company's stock worth $731,000 after acquiring an additional 4,068 shares during the last quarter. Clearbridge Investments LLC grew its holdings in shares of Sandstorm Gold by 7.4% in the fourth quarter. Clearbridge Investments LLC now owns 528,365 shares of the company's stock worth $2,948,000 after purchasing an additional 36,360 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its stake in shares of Sandstorm Gold by 935.5% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,330,652 shares of the company's stock worth $7,432,000 after buying an additional 1,202,144 shares during the period. American Century Companies Inc. increased its stake in shares of Sandstorm Gold by 16.9% in the fourth quarter. American Century Companies Inc. now owns 166,468 shares of the company's stock worth $931,000 after buying an additional 24,056 shares during the period. Finally, Boston Partners raised its holdings in Sandstorm Gold by 39,289.9% during the 4th quarter. Boston Partners now owns 9,812,015 shares of the company's stock valued at $54,751,000 after buying an additional 9,787,105 shares during the last quarter. Institutional investors own 51.97% of the company's stock.
Wall Street Analysts Forecast Growth
SAND has been the topic of a number of recent analyst reports. StockNews.com raised shares of Sandstorm Gold from a "hold" rating to a "buy" rating in a report on Wednesday, February 26th. Scotiabank boosted their price target on Sandstorm Gold from $6.75 to $7.25 and gave the company a "sector perform" rating in a report on Thursday, February 27th. Raymond James reaffirmed an "outperform" rating on shares of Sandstorm Gold in a research report on Friday, April 4th. Royal Bank of Canada lifted their price objective on Sandstorm Gold from $6.50 to $7.00 and gave the stock an "outperform" rating in a research report on Friday, April 4th. Finally, HC Wainwright decreased their target price on Sandstorm Gold from $12.00 to $11.50 and set a "buy" rating for the company in a report on Wednesday, February 19th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, Sandstorm Gold currently has a consensus rating of "Moderate Buy" and an average target price of $8.81.
Read Our Latest Analysis on Sandstorm Gold
Sandstorm Gold Stock Up 4.0 %
Sandstorm Gold stock traded up $0.30 during trading hours on Friday, hitting $7.90. 5,968,699 shares of the stock traded hands, compared to its average volume of 3,296,220. Sandstorm Gold Ltd. has a one year low of $4.92 and a one year high of $7.99. The firm's 50-day moving average price is $6.70 and its two-hundred day moving average price is $6.10. The company has a current ratio of 1.95, a quick ratio of 2.29 and a debt-to-equity ratio of 0.24. The company has a market cap of $2.34 billion, a PE ratio of 158.11 and a beta of 0.90.
Sandstorm Gold (NYSE:SAND - Get Free Report) last released its quarterly earnings results on Tuesday, February 18th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.03). The firm 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 firm earned ($0.04) earnings per share. On average, research analysts forecast that Sandstorm Gold Ltd. will post 0.18 EPS for the current year.
Sandstorm Gold Cuts Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Monday, April 14th will be issued a dividend of $0.014 per share. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date is Monday, April 14th. Sandstorm Gold's dividend payout ratio (DPR) is presently 100.00%.
Sandstorm Gold Profile
(
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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