Barclays PLC Decreases Stock Holdings in Sandstorm Gold Ltd. (NYSE:SAND)

Barclays PLC cut its stake in Sandstorm Gold Ltd. (NYSE:SAND - Free Report) by 11.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 352,606 shares of the company's stock after selling 47,248 shares during the period. Barclays PLC owned approximately 0.12% of Sandstorm Gold worth $1,968,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Geode Capital Management LLC boosted its position in Sandstorm Gold by 7.5% during the third quarter. Geode Capital Management LLC now owns 125,681 shares of the company's stock worth $757,000 after purchasing an additional 8,728 shares in the last quarter. Fiduciary Alliance LLC boosted its position in shares of Sandstorm Gold by 119.4% in the 4th quarter. Fiduciary Alliance LLC now owns 22,735 shares of the company's stock worth $127,000 after buying an additional 12,375 shares in the last quarter. JTC Employer Solutions Trustee Ltd acquired a new stake in Sandstorm Gold in the 4th quarter valued at about $72,000. FNY Investment Advisers LLC increased its holdings in Sandstorm Gold by 20.0% during the 4th quarter. FNY Investment Advisers LLC now owns 24,000 shares of the company's stock valued at $133,000 after acquiring an additional 4,000 shares in the last quarter. Finally, Ullmann Wealth Partners Group LLC purchased a new stake in shares of Sandstorm Gold in the fourth quarter valued at about $223,000. 51.97% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

SAND has been the subject of several research reports. Raymond James restated an "outperform" rating on shares of Sandstorm Gold in a research report on Friday, April 4th. Royal Bank of Canada increased their price objective on Sandstorm Gold from $6.50 to $7.00 and gave the company an "outperform" rating in a research note on Friday, April 4th. Scotiabank boosted their target price on shares of Sandstorm Gold from $7.25 to $8.25 and gave the company a "sector perform" rating in a research note on Monday, April 14th. HC Wainwright reduced their target price on shares of Sandstorm Gold from $12.00 to $11.50 and set a "buy" rating on the stock in a report on Wednesday, February 19th. Finally, StockNews.com upgraded shares of Sandstorm Gold from a "hold" rating to a "buy" rating in a report on Wednesday, February 26th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $9.06.

Sandstorm Gold Trading Down 3.5 %

NYSE SAND opened at $8.40 on Friday. The company has a market cap of $2.46 billion, a P/E ratio of 167.93 and a beta of 0.90. Sandstorm Gold Ltd. has a 12 month low of $4.92 and a 12 month high of $8.82. 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 company has a 50-day moving average of $7.29 and a 200-day moving average of $6.34.

Sandstorm Gold (NYSE:SAND - Get Free Report) last issued its quarterly earnings results on Tuesday, February 18th. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.04 by ($0.03). The company had revenue of $47.40 million for the quarter, compared to analyst estimates of $67.49 million. Sandstorm Gold had a return on equity of 0.98% and a net margin of 8.11%. During the same period last year, the company posted ($0.04) EPS. As a group, equities 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. Investors of record on Monday, April 14th were issued a $0.014 dividend. This represents a $0.06 dividend on an annualized basis and a yield of 0.67%. The ex-dividend date was Monday, April 14th. Sandstorm Gold's payout ratio is currently 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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