Tudor Investment Corp ET AL Makes New Investment in Sandstorm Gold Ltd. (NYSE:SAND)

Tudor Investment Corp ET AL bought a new stake in shares of Sandstorm Gold Ltd. (NYSE:SAND - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 35,830 shares of the company's stock, valued at approximately $200,000.

Several other institutional investors and hedge funds also recently bought and sold shares of SAND. Nebula Research & Development LLC lifted its position in shares of Sandstorm Gold by 4.9% in the fourth quarter. Nebula Research & Development LLC now owns 185,223 shares of the company's stock valued at $1,034,000 after acquiring an additional 8,686 shares in the last quarter. Stifel Financial Corp lifted its position in shares of Sandstorm Gold by 5.9% in the fourth quarter. Stifel Financial Corp now owns 581,894 shares of the company's stock valued at $3,247,000 after acquiring an additional 32,475 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Sandstorm Gold by 22.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,974,343 shares of the company's stock valued at $27,781,000 after acquiring an additional 913,527 shares in the last quarter. Canada Pension Plan Investment Board purchased a new position in shares of Sandstorm Gold in the fourth quarter valued at about $2,021,000. Finally, Marshall Wace LLP lifted its position in shares of Sandstorm Gold by 466.6% in the fourth quarter. Marshall Wace LLP now owns 219,100 shares of the company's stock valued at $1,223,000 after acquiring an additional 180,428 shares in the last quarter. 51.97% of the stock is currently owned by hedge funds and other institutional investors.

Sandstorm Gold Stock Performance

SAND traded up $0.01 during midday trading on Friday, hitting $8.16. 1,872,008 shares of the company were exchanged, compared to its average volume of 5,414,404. The company's 50 day simple moving average is $7.72 and its 200 day simple moving average is $6.50. The firm has a market capitalization of $2.39 billion, a price-to-earnings ratio of 163.13 and a beta of 0.48. 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 1-year low of $4.92 and a 1-year high of $8.91.

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 for the quarter, missing the consensus estimate of $0.05 by ($0.01). The company had revenue of $50.10 million for the quarter, compared to analyst estimates of $71.61 million. Sandstorm Gold had a return on equity of 0.98% and a net margin of 8.11%. As a group, sell-side analysts predict that Sandstorm Gold Ltd. will post 0.18 earnings per share for the current year.

Sandstorm Gold Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 25th. Stockholders of record on Monday, April 14th were paid a dividend of $0.014 per share. This represents a $0.06 annualized dividend and a dividend yield of 0.68%. The ex-dividend date of this dividend was Monday, April 14th. Sandstorm Gold's payout ratio is currently 50.00%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on SAND. Raymond James set a $9.75 target price on Sandstorm Gold and gave the stock an "outperform" rating in a report on Wednesday, May 7th. HC Wainwright upped their target price on Sandstorm Gold from $11.50 to $11.75 and gave the company a "buy" rating in a research note on Thursday, May 8th. StockNews.com cut Sandstorm Gold from a "buy" rating to a "hold" rating in a research note on Tuesday. Royal Bank of Canada upped their target price on Sandstorm Gold from $6.50 to $7.00 and gave the company an "outperform" rating in a research note on Friday, April 4th. Finally, Scotiabank boosted their price target on Sandstorm Gold from $7.25 to $8.25 and gave the company a "sector perform" rating in a report on Monday, April 14th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Sandstorm Gold currently has a consensus rating of "Moderate Buy" and an average price target 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.