Bank of America Corp DE cut its position in Sandstorm Gold Ltd. (NYSE:SAND - Free Report) by 74.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 72,623 shares of the company's stock after selling 213,208 shares during the quarter. Bank of America Corp DE's holdings in Sandstorm Gold were worth $405,000 at the end of the most recent reporting period.
Several other institutional investors have also added to or reduced their stakes in SAND. Boston Partners lifted its position in shares of Sandstorm Gold by 39,289.9% during the 4th quarter. Boston Partners now owns 9,812,015 shares of the company's stock valued at $54,751,000 after acquiring an additional 9,787,105 shares during the period. Sprott Inc. lifted its position in shares of Sandstorm Gold by 77.9% during the 4th quarter. Sprott Inc. now owns 4,465,843 shares of the company's stock valued at $24,925,000 after acquiring an additional 1,955,916 shares during the period. Invesco Ltd. lifted its position in shares of Sandstorm Gold by 35.0% during the 4th quarter. Invesco Ltd. now owns 6,522,246 shares of the company's stock valued at $36,394,000 after acquiring an additional 1,691,296 shares during the period. Amundi lifted its position in shares of Sandstorm Gold by 74.9% during the 4th quarter. Amundi now owns 2,890,535 shares of the company's stock worth $16,447,000 after buying an additional 1,238,050 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its position in shares of Sandstorm Gold by 935.5% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,330,652 shares of the company's stock worth $7,432,000 after buying an additional 1,202,144 shares during the last quarter. 51.97% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
Several analysts recently weighed in on SAND shares. Scotiabank upped their price objective 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. Royal Bank of Canada upped their price objective on Sandstorm Gold from $6.50 to $7.00 and gave the stock an "outperform" rating in a research report on Friday, April 4th. HC Wainwright upped their price objective on Sandstorm Gold from $11.50 to $11.75 and gave the stock a "buy" rating in a research report on Thursday, May 8th. Finally, Raymond James set a $9.75 price objective on Sandstorm Gold and gave the stock an "outperform" rating in a research report on Wednesday, May 7th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $9.25.
Check Out Our Latest Report on Sandstorm Gold
Sandstorm Gold Price Performance
SAND traded down $0.03 on Monday, reaching $9.32. The stock had a trading volume of 3,947,482 shares, compared to its average volume of 3,880,391. Sandstorm Gold Ltd. has a fifty-two week low of $4.92 and a fifty-two week high of $9.68. The firm has a 50-day moving average of $8.58 and a 200-day moving average of $6.99. 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 capitalization of $2.73 billion, a price-to-earnings ratio of 186.34 and a beta of 0.46.
Sandstorm Gold (NYSE:SAND - Get Free Report) last issued its earnings results on Tuesday, May 6th. The company reported $0.04 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.05 by ($0.01). Sandstorm Gold had a return on equity of 0.98% and a net margin of 8.11%. The firm had revenue of $50.10 million during the quarter, compared to analyst estimates of $71.61 million. As a group, sell-side analysts anticipate that Sandstorm Gold Ltd. will post 0.18 EPS for the current year.
Sandstorm Gold Cuts Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, April 25th. Shareholders of record on Monday, April 14th were issued a $0.014 dividend. The ex-dividend date was Monday, April 14th. This represents a $0.06 dividend on an annualized basis and a yield of 0.60%. Sandstorm Gold's payout ratio is presently 50.00%.
Sandstorm Gold Company Profile
(
Free Report)
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.
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