Sandstorm Gold Ltd. (NYSE:SAND) Shares Sold by Van ECK Associates Corp

Van ECK Associates Corp cut its holdings in Sandstorm Gold Ltd. (NYSE:SAND - Free Report) by 11.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 23,679,121 shares of the company's stock after selling 3,006,497 shares during the quarter. Van ECK Associates Corp owned approximately 7.99% of Sandstorm Gold worth $132,130,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in SAND. Allworth Financial LP bought a new position in Sandstorm Gold in the third quarter worth about $60,000. JTC Employer Solutions Trustee Ltd bought a new position in Sandstorm Gold in the fourth quarter worth about $72,000. Walleye Trading LLC bought a new position in Sandstorm Gold in the third quarter worth about $85,000. Fiduciary Family Office LLC bought a new position in Sandstorm Gold in the fourth quarter worth about $93,000. Finally, Fiduciary Alliance LLC raised its holdings in Sandstorm Gold by 119.4% in the fourth quarter. Fiduciary Alliance LLC now owns 22,735 shares of the company's stock worth $127,000 after purchasing an additional 12,375 shares in the last quarter. 51.97% of the stock is owned by hedge funds and other institutional investors.

Sandstorm Gold Stock Performance

Shares of Sandstorm Gold stock traded down $0.28 during midday trading on Monday, hitting $6.38. The company had a trading volume of 6,051,259 shares, compared to its average volume of 5,637,777. The stock has a market cap of $1.89 billion, a price-to-earnings ratio of 53.13 and a beta of 1.10. The company has a quick ratio of 2.29, a current ratio of 2.29 and a debt-to-equity ratio of 0.26. The company has a fifty day simple moving average of $5.79 and a 200 day simple moving average of $5.79. Sandstorm Gold Ltd. has a 12-month low of $3.98 and a 12-month high of $6.67.

Sandstorm Gold Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Tuesday, January 21st were given a $0.02 dividend. This is a positive change from Sandstorm Gold's previous quarterly dividend of $0.02. This represents a $0.08 annualized dividend and a dividend yield of 1.25%. The ex-dividend date was Tuesday, January 21st. Sandstorm Gold's dividend payout ratio (DPR) is presently 50.00%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on SAND shares. StockNews.com downgraded shares of Sandstorm Gold from a "buy" rating to a "hold" rating in a report on Thursday. HC Wainwright boosted their target price on shares of Sandstorm Gold from $11.50 to $12.00 and gave the stock a "buy" rating in a report on Monday, November 11th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $8.50.

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.