Ruffer LLP Makes New $8.33 Million Investment in Sandstorm Gold Ltd (NYSE:SAND)

Ruffer LLP bought a new position in Sandstorm Gold Ltd (NYSE:SAND - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,102,950 shares of the company's stock, valued at approximately $8,327,000. Ruffer LLP owned approximately 0.38% of Sandstorm Gold at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of SAND. XTX Topco Ltd boosted its holdings in shares of Sandstorm Gold by 107.9% in the 1st quarter. XTX Topco Ltd now owns 75,471 shares of the company's stock worth $570,000 after acquiring an additional 39,172 shares in the last quarter. Mackenzie Financial Corp grew its holdings in shares of Sandstorm Gold by 7.5% during the first quarter. Mackenzie Financial Corp now owns 136,709 shares of the company's stock worth $1,030,000 after purchasing an additional 9,543 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Sandstorm Gold by 26.3% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 80,295 shares of the company's stock valued at $605,000 after buying an additional 16,741 shares in the last quarter. TD Asset Management Inc lifted its position in Sandstorm Gold by 4.2% during the 1st quarter. TD Asset Management Inc now owns 717,284 shares of the company's stock worth $5,402,000 after buying an additional 29,015 shares in the last quarter. Finally, Cetera Investment Advisers increased its position in Sandstorm Gold by 140.2% in the 1st quarter. Cetera Investment Advisers now owns 25,590 shares of the company's stock valued at $193,000 after acquiring an additional 14,935 shares in the last quarter. Institutional investors own 51.97% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. TD Securities lowered shares of Sandstorm Gold from a "buy" rating to a "sell" rating and set a $14.00 target price on the stock. in a research report on Thursday, July 10th. Stifel Canada downgraded Sandstorm Gold from a "strong-buy" rating to a "hold" rating in a report on Monday, July 21st. Scotiabank boosted their target price on Sandstorm Gold from $7.25 to $8.25 and gave the stock a "sector perform" rating in a research report on Monday, April 14th. Wall Street Zen upgraded Sandstorm Gold from a "hold" rating to a "buy" rating in a research report on Wednesday, May 21st. Finally, Raymond James Financial set a $9.75 target price on shares of Sandstorm Gold and gave the company an "outperform" rating in a research report on Wednesday, May 7th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat.com, Sandstorm Gold currently has a consensus rating of "Moderate Buy" and an average price target of $10.15.

Sandstorm Gold Trading Up 0.8%

SAND traded up $0.08 during mid-day trading on Wednesday, hitting $9.95. The stock had a trading volume of 7,250,131 shares, compared to its average volume of 6,029,072. The stock's fifty day simple moving average is $9.42 and its 200-day simple moving average is $7.96. The firm has a market capitalization of $2.92 billion, a price-to-earnings ratio of 99.54 and a beta of 0.47. Sandstorm Gold Ltd has a 1-year low of $5.03 and a 1-year high of $10.44. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.77 and a quick ratio of 1.77.

Sandstorm Gold (NYSE:SAND - Get Free Report) last posted its 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 2.00% and a net margin of 15.80%. The business had revenue of $50.10 million for the quarter, compared to the consensus estimate of $71.61 million. As a group, research analysts forecast that Sandstorm Gold Ltd will post 0.18 EPS for the current fiscal year.

Sandstorm Gold Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 25th. Stockholders of record on Tuesday, July 15th were given a dividend of $0.02 per share. This is a positive change from Sandstorm Gold's previous quarterly dividend of $0.01. This represents a $0.08 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend was Tuesday, July 15th. Sandstorm Gold's payout ratio is currently 60.00%.

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.