34,300 Shares in Sandstorm Gold Ltd. (NYSE:SAND) Bought by Eagle Global Advisors LLC

Eagle Global Advisors LLC bought a new position in Sandstorm Gold Ltd. (NYSE:SAND - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 34,300 shares of the company's stock, valued at approximately $191,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Cantor Fitzgerald L. P. bought a new stake in Sandstorm Gold during the 4th quarter valued at approximately $56,000. Lifeworks Advisors LLC bought a new stake in shares of Sandstorm Gold in the fourth quarter valued at approximately $57,000. Meixler Investment Management Ltd. acquired a new stake in shares of Sandstorm Gold in the fourth quarter worth $66,000. JTC Employer Solutions Trustee Ltd bought a new position in Sandstorm Gold during the fourth quarter worth $72,000. Finally, Bank of New York Mellon Corp raised its stake in 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 valued at $78,000 after purchasing an additional 2,416 shares during the last quarter. Institutional investors and hedge funds own 51.97% of the company's stock.

Analyst Ratings Changes

Several analysts have issued reports on SAND shares. Royal Bank of Canada raised their price target on shares of Sandstorm Gold from $6.50 to $7.00 and gave the stock an "outperform" rating in a research report on Friday, April 4th. StockNews.com upgraded Sandstorm Gold from a "hold" rating to a "buy" rating in a research report on Wednesday, February 26th. Raymond James set a $9.75 price objective on Sandstorm Gold and gave the company an "outperform" rating in a research report on Wednesday. HC Wainwright reduced their target price on Sandstorm Gold from $12.00 to $11.50 and set a "buy" rating for the company in a research report on Wednesday, February 19th. Finally, Scotiabank lifted their price target on shares of Sandstorm Gold from $7.25 to $8.25 and gave the stock a "sector perform" rating in a research note on Monday, April 14th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $9.20.

Sandstorm Gold Stock Performance

Sandstorm Gold stock opened at $8.70 on Thursday. The firm has a market capitalization of $2.55 billion, a P/E ratio of 173.93 and a beta of 0.48. The stock has a fifty day moving average price of $7.48 and a two-hundred day moving average price of $6.42. Sandstorm Gold Ltd. has a 52-week low of $4.92 and a 52-week 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 announced its quarterly earnings results on Tuesday, May 6th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.01). The firm had revenue of $50.10 million for the quarter, compared to the consensus estimate of $71.61 million. Sandstorm Gold had a net margin of 8.11% and a return on equity of 0.98%. As a group, analysts anticipate that Sandstorm Gold Ltd. will post 0.18 EPS for the current fiscal year.

Sandstorm Gold Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 25th. Shareholders of record on Monday, April 14th were given a $0.014 dividend. The ex-dividend date was Monday, April 14th. This represents a $0.06 annualized dividend and a yield of 0.64%. Sandstorm Gold's payout ratio is 100.00%.

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.

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