Raymond James Financial Inc. bought a new position in Sandstorm Gold Ltd. (NYSE:SAND - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 511,352 shares of the company's stock, valued at approximately $2,853,000. Raymond James Financial Inc. owned about 0.17% of Sandstorm Gold at the end of the most recent reporting period.
Other hedge funds also recently bought and sold shares of the company. Lifeworks Advisors LLC bought a new stake in shares of Sandstorm Gold in the 4th quarter worth approximately $57,000. Meixler Investment Management Ltd. purchased a new stake in Sandstorm Gold in the fourth quarter worth $66,000. JTC Employer Solutions Trustee Ltd bought a new stake in Sandstorm Gold in the fourth quarter valued at $72,000. Bank of New York Mellon Corp increased its position 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 period. Finally, Oppenheimer Asset Management Inc. bought a new position in Sandstorm Gold in the 4th quarter worth $93,000. Hedge funds and other institutional investors own 51.97% of the company's stock.
Wall Street Analysts Forecast Growth
SAND has been the subject of a number of research reports. Raymond James reissued an "outperform" rating on shares of Sandstorm Gold in a research note on Friday, April 4th. HC Wainwright reduced their price target on Sandstorm Gold from $12.00 to $11.50 and set a "buy" rating on the stock in a research note on Wednesday, February 19th. Scotiabank raised their price objective on Sandstorm Gold from $7.25 to $8.25 and gave the company a "sector perform" rating in a research report on Monday, April 14th. Royal Bank of Canada upped their target price 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. Finally, StockNews.com raised shares of Sandstorm Gold from a "hold" rating to a "buy" rating in a research report on Wednesday, February 26th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $9.06.
Read Our Latest Stock Analysis on Sandstorm Gold
Sandstorm Gold Stock Performance
Sandstorm Gold stock traded down $0.31 during mid-day trading on Thursday, reaching $8.40. 7,895,567 shares of the stock traded hands, compared to its average volume of 3,510,287. The stock has a market capitalization of $2.46 billion, a PE ratio of 167.93 and a beta of 0.90. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.95 and a quick ratio of 2.29. The business's 50-day moving average is $7.24 and its 200-day moving average is $6.33. Sandstorm Gold Ltd. has a 12-month low of $4.92 and a 12-month high of $8.82.
Sandstorm Gold (NYSE:SAND - Get Free Report) last issued its quarterly earnings data on Tuesday, February 18th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.03). The business had revenue of $47.40 million during the quarter, compared to the consensus estimate of $67.49 million. Sandstorm Gold had a return on equity of 0.98% and a net margin of 8.11%. During the same quarter last year, the company earned ($0.04) EPS. As a group, sell-side analysts predict 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. Stockholders of record on Monday, April 14th were given a dividend of $0.014 per share. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.67%. The ex-dividend date was Monday, April 14th. Sandstorm Gold's payout ratio is 100.00%.
Sandstorm Gold Company Profile
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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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