Cercano Management LLC Buys New Shares in Sandstorm Gold Ltd. (NYSE:SAND)

Cercano Management LLC bought a new position in Sandstorm Gold Ltd. (NYSE:SAND - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 496,030 shares of the company's stock, valued at approximately $2,773,000. Cercano Management LLC owned about 0.17% of Sandstorm Gold at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Cantor Fitzgerald L. P. purchased a new stake in shares of Sandstorm Gold in the 4th quarter valued at $56,000. Captrust Financial Advisors purchased a new stake in Sandstorm Gold in the fourth quarter valued at $153,000. Ancora Advisors LLC grew its position in Sandstorm Gold by 0.9% during the 4th quarter. Ancora Advisors LLC now owns 399,540 shares of the company's stock worth $2,229,000 after purchasing an additional 3,640 shares during the period. Parvin Asset Management LLC acquired a new stake in Sandstorm Gold during the 4th quarter worth about $489,000. Finally, The Manufacturers Life Insurance Company raised its stake in shares of Sandstorm Gold by 2.0% during the 4th quarter. The Manufacturers Life Insurance Company now owns 231,650 shares of the company's stock valued at $1,297,000 after buying an additional 4,548 shares during the last quarter. Institutional investors and hedge funds own 51.97% of the company's stock.

Sandstorm Gold Trading Up 2.4 %

Shares of SAND opened at $8.55 on Tuesday. Sandstorm Gold Ltd. has a 52-week low of $4.92 and a 52-week high of $8.82. The stock has a market cap of $2.51 billion, a PE ratio of 171.03 and a beta of 0.48. The firm's fifty day moving average is $7.37 and its two-hundred day moving average is $6.39. The company has a quick ratio of 2.29, a current ratio of 1.95 and a debt-to-equity ratio of 0.24.

Sandstorm Gold (NYSE:SAND - Get Free Report) last posted its quarterly earnings results on Tuesday, February 18th. The company reported $0.01 earnings per share for the quarter, missing analysts' consensus estimates of $0.04 by ($0.03). The business 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 quarter in the previous year, the firm posted ($0.04) earnings per share. Research analysts forecast that Sandstorm Gold Ltd. will post 0.18 earnings per share for the current fiscal year.

Sandstorm Gold Cuts Dividend

The company also recently disclosed 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 dividend yield of 0.65%. The ex-dividend date was Monday, April 14th. Sandstorm Gold's dividend payout ratio is currently 100.00%.

Wall Street Analysts Forecast Growth

SAND has been the topic of several analyst reports. Royal Bank of Canada raised their target price on Sandstorm Gold from $6.50 to $7.00 and gave the stock an "outperform" rating in a report on Friday, April 4th. Raymond James restated an "outperform" rating on shares of Sandstorm Gold in a research report on Friday, April 4th. Scotiabank lifted their price target 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. StockNews.com raised shares of Sandstorm Gold from a "hold" rating to a "buy" rating in a report on Wednesday, February 26th. Finally, HC Wainwright dropped their target price on shares of Sandstorm Gold from $12.00 to $11.50 and set a "buy" rating on the stock in a research report on Wednesday, February 19th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Sandstorm Gold presently has an average rating of "Moderate Buy" and an average price target of $9.06.

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.

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