Eagle Global Advisors LLC Takes $191,000 Position in Sandstorm Gold Ltd. (NYSE:SAND)

Eagle Global Advisors LLC acquired a new position in shares of Sandstorm Gold Ltd. (NYSE:SAND - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 34,300 shares of the company's stock, valued at approximately $191,000.

A number of other hedge funds have also bought and sold shares of SAND. Cantor Fitzgerald L. P. bought a new stake in shares of Sandstorm Gold during the fourth quarter valued at approximately $56,000. Lifeworks Advisors LLC bought a new stake in shares of Sandstorm Gold during the fourth quarter worth about $57,000. Meixler Investment Management Ltd. bought a new stake in shares of Sandstorm Gold during the fourth quarter worth about $66,000. JTC Employer Solutions Trustee Ltd bought a new stake in Sandstorm Gold during the fourth quarter worth $72,000. Finally, Bank of New York Mellon Corp grew its position in Sandstorm Gold by 21.0% in 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 in the last quarter. Institutional investors own 51.97% of the company's stock.

Sandstorm Gold Stock Performance

Shares of NYSE:SAND traded down $0.11 during midday trading on Tuesday, hitting $8.05. The company had a trading volume of 2,352,602 shares, compared to its average volume of 3,601,703. The company has a fifty day moving average of $7.61 and a two-hundred day moving average of $6.47. The company has a market cap of $2.36 billion, a price-to-earnings ratio of 161.03 and a beta of 0.48. Sandstorm Gold Ltd. has a 12-month low of $4.92 and a 12-month high of $8.91. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.95 and a quick ratio of 2.29.

Sandstorm Gold (NYSE:SAND - Get Free Report) last posted its earnings results on Tuesday, May 6th. The company reported $0.04 earnings per share for the quarter, missing analysts' consensus estimates of $0.05 by ($0.01). The business had revenue of $50.10 million during the quarter, compared to analysts' expectations of $71.61 million. Sandstorm Gold had a net margin of 8.11% and a return on equity of 0.98%. On average, equities research analysts expect that Sandstorm Gold Ltd. will post 0.18 EPS for the current fiscal year.

Sandstorm Gold Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 25th. Shareholders of record on Monday, April 14th were given a dividend of $0.014 per share. This represents a $0.06 annualized dividend and a dividend yield of 0.69%. The ex-dividend date was Monday, April 14th. Sandstorm Gold's payout ratio is 50.00%.

Analysts Set New Price Targets

A number of brokerages have issued reports on SAND. Scotiabank upped their price objective on Sandstorm Gold from $7.25 to $8.25 and gave the company a "sector perform" rating in a research note on Monday, April 14th. Raymond James set a $9.75 price target on Sandstorm Gold and gave the stock an "outperform" rating in a research note on Wednesday, May 7th. HC Wainwright raised their price objective on shares of Sandstorm Gold from $11.50 to $11.75 and gave the stock a "buy" rating in a report on Thursday, May 8th. StockNews.com upgraded Sandstorm Gold from a "hold" rating to a "buy" rating in a research report on Wednesday, February 26th. Finally, Royal Bank of Canada lifted their price objective on shares of Sandstorm Gold from $6.50 to $7.00 and gave the stock an "outperform" rating in a report on Friday, April 4th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $9.25.

About Sandstorm Gold

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.