Sprott Inc. grew its position in Sandstorm Gold Ltd. (NYSE:SAND - Free Report) by 77.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,465,843 shares of the company's stock after buying an additional 1,955,916 shares during the quarter. Sandstorm Gold accounts for 1.5% of Sprott Inc.'s holdings, making the stock its 20th largest holding. Sprott Inc. owned about 1.51% of Sandstorm Gold worth $24,925,000 at the end of the most recent quarter.
Other hedge funds have also made changes to their positions in the company. Allworth Financial LP purchased a new stake in shares of Sandstorm Gold in the 3rd quarter worth $60,000. Meixler Investment Management Ltd. purchased a new stake in shares of Sandstorm Gold during the 4th quarter worth $66,000. JTC Employer Solutions Trustee Ltd purchased a new stake in shares of Sandstorm Gold during the 4th quarter worth $72,000. Bank of New York Mellon Corp lifted 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 worth $78,000 after purchasing an additional 2,416 shares during the last quarter. Finally, Walleye Trading LLC acquired a new stake in 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.
Sandstorm Gold Price Performance
SAND traded down $0.10 during trading on Friday, hitting $6.14. The company's stock had a trading volume of 7,827,054 shares, compared to its average volume of 5,827,583. The company has a current ratio of 1.95, a quick ratio of 2.29 and a debt-to-equity ratio of 0.24. Sandstorm Gold Ltd. has a twelve month low of $4.09 and a twelve month high of $6.67. The business's fifty day simple moving average is $5.91 and its 200 day simple moving average is $5.85. The firm has a market capitalization of $1.82 billion, a price-to-earnings ratio of 122.82 and a beta of 1.10.
Sandstorm Gold (NYSE:SAND - Get Free Report) last issued 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 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 analyst estimates of $67.49 million. During the same period in the previous year, the business posted ($0.04) earnings per share. On average, equities research analysts forecast that Sandstorm Gold Ltd. will post 0.18 EPS for the current fiscal year.
Sandstorm Gold Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Tuesday, January 21st were paid a $0.02 dividend. The ex-dividend date was Tuesday, January 21st. This is a positive change from Sandstorm Gold's previous quarterly dividend of $0.02. This represents a $0.08 dividend on an annualized basis and a dividend yield of 1.30%. Sandstorm Gold's payout ratio is currently 100.00%.
Wall Street Analyst Weigh In
SAND has been the subject of several research analyst reports. Scotiabank raised their price objective on Sandstorm Gold from $6.75 to $7.25 and gave the stock a "sector perform" rating in a research note on Thursday. HC Wainwright reduced their price objective on Sandstorm Gold from $12.00 to $11.50 and set a "buy" rating for the company in a research note on Wednesday, February 19th. Finally, StockNews.com upgraded Sandstorm Gold from a "hold" rating to a "buy" rating in a research report on Wednesday. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $8.56.
Read Our Latest Stock Report on Sandstorm Gold
Sandstorm Gold Company 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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