D.A. Davidson & CO. Takes Position in Sandstorm Gold Ltd (NYSE:SAND)

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

Other large investors also recently modified their holdings of the company. Cantor Fitzgerald L. P. acquired a new position in Sandstorm Gold in the 4th quarter valued at $56,000. Bank of New York Mellon Corp grew its stake in shares of 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 acquiring an additional 2,416 shares in the last quarter. Fiduciary Trust Co bought a new position in Sandstorm Gold during the fourth quarter worth about $86,000. United Advisor Group LLC bought a new position in Sandstorm Gold during the first quarter worth about $118,000. Finally, Rossby Financial LCC acquired a new stake in Sandstorm Gold in the 4th quarter worth about $112,000. 51.97% of the stock is owned by institutional investors.

Sandstorm Gold Price Performance

Shares of SAND stock traded down $0.06 on Monday, hitting $9.81. 11,838,268 shares of the company's stock were exchanged, compared to its average volume of 4,397,677. The company has a 50 day moving average of $9.08 and a 200 day moving average of $7.54. The stock has a market cap of $2.87 billion, a P/E ratio of 98.06 and a beta of 0.46. 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 Ltd has a 12 month low of $4.92 and a 12 month high of $10.44.

Sandstorm Gold (NYSE:SAND - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $0.04 earnings per share for the quarter, missing analysts' consensus estimates of $0.05 by ($0.01). The company had revenue of $50.10 million during 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%. On average, equities research analysts predict that Sandstorm Gold Ltd will post 0.18 EPS for the current year.

Sandstorm Gold Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 25th. Shareholders of record on Tuesday, July 15th will be paid a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.82%. The ex-dividend date is Tuesday, July 15th. This is a boost from Sandstorm Gold's previous quarterly dividend of $0.01. Sandstorm Gold's payout ratio is presently 60.00%.

Analyst Ratings Changes

Several research analysts have recently commented on the stock. TD Securities cut shares of Sandstorm Gold from a "buy" rating to a "sell" rating and set a $14.00 target price on the stock. in a report on Thursday. National Bankshares restated an "outperform" rating on shares of Sandstorm Gold in a research note on Tuesday, June 24th. Wall Street Zen raised Sandstorm Gold from a "hold" rating to a "buy" rating in a report on Wednesday, May 21st. 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 report on Friday, April 4th. 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 note on Monday, April 14th. One analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Sandstorm Gold presently has an average rating of "Moderate Buy" and an average price target of $10.15.

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.