54,885 Shares in Sandstorm Gold Ltd (NYSE:SAND) Purchased by D.A. Davidson & CO.

D.A. Davidson & CO. purchased a new stake in shares of Sandstorm Gold Ltd (NYSE:SAND - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 54,885 shares of the company's stock, valued at approximately $414,000.

Several other large investors have also recently added to or reduced their stakes in the company. Cantor Fitzgerald L. P. bought a new stake in shares of Sandstorm Gold in the 4th quarter worth approximately $56,000. Bank of New York Mellon Corp lifted its stake in Sandstorm Gold by 21.0% in the fourth quarter. Bank of New York Mellon Corp now owns 13,897 shares of the company's stock valued at $78,000 after buying an additional 2,416 shares during the last quarter. Fiduciary Trust Co acquired a new position in shares of Sandstorm Gold during the fourth quarter valued at $86,000. Rossby Financial LCC acquired a new position in shares of Sandstorm Gold during the fourth quarter valued at $112,000. Finally, United Advisor Group LLC bought a new position in shares of Sandstorm Gold during the first quarter worth about $118,000. 51.97% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have issued reports on SAND. Wall Street Zen raised shares of Sandstorm Gold from a "hold" rating to a "buy" rating in a research note on Wednesday, May 21st. TD Securities downgraded Sandstorm Gold from a "buy" rating to a "sell" rating and set a $14.00 price objective for the company. in a research report on Thursday. Raymond James Financial set a $9.75 target price on Sandstorm Gold and gave the company an "outperform" rating in a research report on Wednesday, May 7th. HC Wainwright lifted their target price on Sandstorm Gold from $11.50 to $11.75 and gave the company a "buy" rating in a research note on Thursday, May 8th. Finally, National Bankshares reissued an "outperform" rating on shares of Sandstorm Gold in a research note on Tuesday, June 24th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, Sandstorm Gold presently has a consensus rating of "Moderate Buy" and an average price target of $10.15.

Sandstorm Gold Price Performance

Shares of NYSE SAND traded up $0.02 during mid-day trading on Friday, reaching $9.86. 10,323,044 shares of the company traded hands, compared to its average volume of 4,359,371. Sandstorm Gold Ltd has a fifty-two week low of $4.92 and a fifty-two week high of $10.44. The firm has a market cap of $2.89 billion, a PE ratio of 98.61 and a beta of 0.46. The stock has a fifty day simple moving average of $9.02 and a 200-day simple moving average of $7.45. 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 issued its quarterly earnings results on Tuesday, May 6th. The company reported $0.04 earnings per share (EPS) 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 net margin of 15.80% and a return on equity of 2.00%. Equities research analysts anticipate that Sandstorm Gold Ltd will post 0.18 EPS for the current fiscal year.

Sandstorm Gold Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 25th. Shareholders of record on Tuesday, July 15th will be issued a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a yield of 0.81%. This is an increase from Sandstorm Gold's previous quarterly dividend of $0.01. The ex-dividend date is Tuesday, July 15th. Sandstorm Gold's dividend payout ratio is presently 60.00%.

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.