D. E. Shaw & Co. Inc. Buys 476,836 Shares of Sandstorm Gold Ltd. (NYSE:SAND)

D. E. Shaw & Co. Inc. grew its position in Sandstorm Gold Ltd. (NYSE:SAND - Free Report) by 31.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,988,396 shares of the company's stock after acquiring an additional 476,836 shares during the quarter. D. E. Shaw & Co. Inc. owned about 0.67% of Sandstorm Gold worth $11,100,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Cantor Fitzgerald L. P. purchased a new stake in shares of Sandstorm Gold during the fourth quarter valued at $56,000. Lifeworks Advisors LLC purchased a new stake in Sandstorm Gold in the 4th quarter valued at about $57,000. Meixler Investment Management Ltd. purchased a new stake in Sandstorm Gold in the fourth quarter valued at approximately $66,000. Bank of New York Mellon Corp grew its position in Sandstorm Gold by 21.0% in the 4th quarter. Bank of New York Mellon Corp now owns 13,897 shares of the company's stock valued at $78,000 after acquiring an additional 2,416 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. acquired a new position in shares of Sandstorm Gold during the fourth quarter worth about $93,000. Hedge funds and other institutional investors own 51.97% of the company's stock.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. HC Wainwright raised their price objective on shares of Sandstorm Gold from $11.50 to $11.75 and gave the stock a "buy" rating in a report on Thursday, May 8th. StockNews.com downgraded shares of Sandstorm Gold from a "buy" rating to a "hold" rating in a research note on Tuesday, May 13th. 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. Raymond James set a $9.75 target price on shares of Sandstorm Gold and gave the stock an "outperform" rating in a research report on Wednesday, May 7th. 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 research report on Monday, April 14th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $9.25.

Sandstorm Gold Stock Performance

Shares of SAND stock traded up $0.04 during trading on Monday, reaching $8.24. The company had a trading volume of 344,307 shares, compared to its average volume of 3,641,908. Sandstorm Gold Ltd. has a one year low of $4.92 and a one year high of $8.91. The company has a market capitalization of $2.41 billion, a PE ratio of 165.13 and a beta of 0.48. 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 firm's 50 day simple moving average is $7.76 and its two-hundred day simple moving average is $6.52.

Sandstorm Gold (NYSE:SAND - Get Free Report) last posted its quarterly earnings data 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 firm 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%. Sell-side analysts forecast that Sandstorm Gold Ltd. will post 0.18 earnings per share for the current year.

Sandstorm Gold Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 25th. Shareholders of record on Monday, April 14th were paid a $0.014 dividend. The ex-dividend date was Monday, April 14th. This represents a $0.06 dividend on an annualized basis and a yield of 0.68%. Sandstorm Gold's payout ratio is presently 50.00%.

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.