Amundi Sells 545,206 Shares of Sandstorm Gold Ltd $SAND

Amundi lessened its stake in shares of Sandstorm Gold Ltd (NYSE:SAND - Free Report) by 18.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,345,329 shares of the company's stock after selling 545,206 shares during the quarter. Amundi owned about 0.80% of Sandstorm Gold worth $17,660,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in SAND. Wellington Management Group LLP acquired a new stake in shares of Sandstorm Gold in the 1st quarter worth about $15,617,000. Two Sigma Advisers LP raised its holdings in shares of Sandstorm Gold by 580.6% in the 4th quarter. Two Sigma Advisers LP now owns 2,314,684 shares of the company's stock worth $12,916,000 after acquiring an additional 1,974,600 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec acquired a new stake in shares of Sandstorm Gold in the 1st quarter worth about $12,729,000. Boston Partners raised its holdings in shares of Sandstorm Gold by 15.9% in the 1st quarter. Boston Partners now owns 11,374,157 shares of the company's stock worth $85,875,000 after acquiring an additional 1,562,142 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Sandstorm Gold in the 1st quarter worth about $8,692,000. Institutional investors and hedge funds own 51.97% of the company's stock.

Sandstorm Gold Stock Performance

Sandstorm Gold stock traded up $0.15 during mid-day trading on Thursday, reaching $11.76. The company's stock had a trading volume of 3,575,506 shares, compared to its average volume of 5,838,204. Sandstorm Gold Ltd has a 12-month low of $5.33 and a 12-month high of $11.77. The company has a market capitalization of $3.45 billion, a P/E ratio of 98.00 and a beta of 0.52. The company has a debt-to-equity ratio of 0.22, a quick ratio of 2.40 and a current ratio of 2.40. The firm's fifty day moving average price is $10.30 and its two-hundred day moving average price is $8.81.

Sandstorm Gold (NYSE:SAND - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The company reported $0.05 earnings per share for the quarter, meeting analysts' consensus estimates of $0.05. Sandstorm Gold had a net margin of 17.78% and a return on equity of 2.38%. The business had revenue of $51.42 million during the quarter, compared to analyst estimates of $68.43 million. Sell-side analysts predict that Sandstorm Gold Ltd will post 0.18 EPS for the current fiscal year.

Sandstorm Gold Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 25th. Shareholders of record on Tuesday, July 15th were issued a $0.02 dividend. This represents a $0.08 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Tuesday, July 15th. This is a positive change from Sandstorm Gold's previous quarterly dividend of $0.01. Sandstorm Gold's payout ratio is 50.00%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on SAND. 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 report on Thursday, July 10th. Stifel Canada lowered shares of Sandstorm Gold from a "strong-buy" rating to a "hold" rating in a research note on Monday, July 21st. National Bankshares reiterated an "outperform" rating on shares of Sandstorm Gold in a research note on Tuesday, June 24th. Finally, Wall Street Zen raised Sandstorm Gold from a "hold" rating to a "buy" rating in a report on Wednesday, May 21st. Four analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $10.15.

Sandstorm Gold Company 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.