Canada Pension Plan Investment Board Takes $2.02 Million Position in Sandstorm Gold Ltd. (NYSE:SAND)

Canada Pension Plan Investment Board purchased a new stake in Sandstorm Gold Ltd. (NYSE:SAND - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 361,800 shares of the company's stock, valued at approximately $2,021,000. Canada Pension Plan Investment Board owned approximately 0.12% of Sandstorm Gold at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in SAND. Barclays PLC raised its stake in Sandstorm Gold by 6.4% in the third quarter. Barclays PLC now owns 399,854 shares of the company's stock valued at $2,400,000 after buying an additional 23,947 shares in the last quarter. Geode Capital Management LLC lifted its stake 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 during the last quarter. Fiduciary Alliance LLC lifted its stake in Sandstorm Gold by 119.4% during the fourth quarter. Fiduciary Alliance LLC now owns 22,735 shares of the company's stock worth $127,000 after purchasing an additional 12,375 shares during the last quarter. JTC Employer Solutions Trustee Ltd acquired a new position in Sandstorm Gold in the fourth quarter valued at approximately $72,000. Finally, FNY Investment Advisers LLC increased its stake in Sandstorm Gold by 20.0% in the fourth quarter. FNY Investment Advisers LLC now owns 24,000 shares of the company's stock valued at $133,000 after purchasing an additional 4,000 shares during the last quarter. Hedge funds and other institutional investors own 51.97% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. HC Wainwright lowered their target price on shares of Sandstorm Gold from $12.00 to $11.50 and set a "buy" rating for the company in a report on Wednesday, February 19th. Raymond James restated an "outperform" rating on shares of Sandstorm Gold in a research note on Friday, April 4th. Royal Bank of Canada lifted their target price on 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 raised Sandstorm Gold from a "hold" rating to a "buy" rating in a report on Wednesday, February 26th. Finally, Scotiabank raised their price target on 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 stock. According to MarketBeat, Sandstorm Gold presently has an average rating of "Moderate Buy" and an average target price of $9.06.

Sandstorm Gold Stock Performance

SAND traded down $0.10 on Tuesday, hitting $8.45. 806,076 shares of the company traded hands, compared to its average volume of 3,462,373. Sandstorm Gold Ltd. has a 12-month low of $4.92 and a 12-month high of $8.82. The company has a 50 day moving average of $7.14 and a 200-day moving average of $6.30. The company has a quick ratio of 2.29, a current ratio of 1.95 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $2.48 billion, a PE ratio of 169.13 and a beta of 0.90.

Sandstorm Gold (NYSE:SAND - Get Free Report) last released 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). Sandstorm Gold had a return on equity of 0.98% and a net margin of 8.11%. The company had revenue of $47.40 million for the quarter, compared to analysts' expectations of $67.49 million. During the same quarter last year, the company earned ($0.04) EPS. Sell-side analysts anticipate that Sandstorm Gold Ltd. will post 0.18 earnings per share for the current year.

Sandstorm Gold Cuts Dividend

The firm 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 dividend on an annualized basis and a dividend yield of 0.66%. The ex-dividend date was Monday, April 14th. Sandstorm Gold's dividend payout ratio (DPR) is 100.00%.

Sandstorm Gold 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.