Eschler Asset Management LLP Buys New Position in Sandstorm Gold Ltd. (NYSE:SAND)

Eschler Asset Management LLP bought a new stake in shares of Sandstorm Gold Ltd. (NYSE:SAND - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 150,000 shares of the company's stock, valued at approximately $837,000. Sandstorm Gold makes up approximately 2.0% of Eschler Asset Management LLP's holdings, making the stock its 12th biggest holding. Eschler Asset Management LLP owned 0.05% of Sandstorm Gold at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of SAND. Cantor Fitzgerald L. P. purchased a new stake in shares of Sandstorm Gold during the 4th quarter worth $56,000. Lifeworks Advisors LLC acquired a new stake in Sandstorm Gold during the fourth quarter worth about $57,000. Meixler Investment Management Ltd. acquired a new stake in Sandstorm Gold in the fourth quarter valued at approximately $66,000. JTC Employer Solutions Trustee Ltd acquired a new stake in Sandstorm Gold in the fourth quarter valued at approximately $72,000. Finally, Bank of New York Mellon Corp increased its position in shares of Sandstorm Gold by 21.0% during the fourth quarter. Bank of New York Mellon Corp now owns 13,897 shares of the company's stock worth $78,000 after purchasing an additional 2,416 shares in the last quarter. Hedge funds and other institutional investors own 51.97% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on SAND. StockNews.com upgraded Sandstorm Gold from a "hold" rating to a "buy" rating in a research report on Wednesday, February 26th. Raymond James set a $9.75 price target on Sandstorm Gold and gave the company an "outperform" rating in a research note on Wednesday, May 7th. Royal Bank of Canada increased their target price on Sandstorm Gold from $6.50 to $7.00 and gave the stock an "outperform" rating in a research note on Friday, April 4th. HC Wainwright increased their target price on Sandstorm Gold from $11.50 to $11.75 and gave the stock a "buy" rating in a research note on Thursday. Finally, Scotiabank increased their target price 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 company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $9.25.

Sandstorm Gold Trading Down 7.3%

SAND traded down $0.65 during mid-day trading on Monday, hitting $8.17. 5,872,863 shares of the stock were exchanged, compared to its average volume of 3,606,361. The firm's fifty day moving average is $7.58 and its two-hundred day moving average is $6.45. Sandstorm Gold Ltd. has a 1-year low of $4.92 and a 1-year high of $8.91. The company has a current ratio of 1.95, a quick ratio of 2.29 and a debt-to-equity ratio of 0.24. The company has a market cap of $2.40 billion, a PE ratio of 163.33 and a beta of 0.48.

Sandstorm Gold (NYSE:SAND - Get Free Report) last issued its quarterly earnings results 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). Sandstorm Gold had a return on equity of 0.98% and a net margin of 8.11%. The company had revenue of $50.10 million for the quarter, compared to analysts' expectations of $71.61 million. Equities analysts forecast that Sandstorm Gold Ltd. will post 0.18 earnings per share for the current fiscal year.

Sandstorm Gold Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 25th. Shareholders of record on Monday, April 14th were issued a dividend of $0.014 per share. The ex-dividend date was Monday, April 14th. This represents a $0.06 annualized dividend and a yield of 0.68%. Sandstorm Gold's dividend payout ratio (DPR) is 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.