Sandstorm Gold Ltd (NYSE:SAND) Stock Holdings Lowered by Bard Associates Inc.

Key Points

• Bard Associates Inc. reduced its stake in Sandstorm Gold Ltd by 52.6%, selling 27,830 shares and now owning 25,076 shares valued at $189,000.
• Analysts have issued mixed ratings on Sandstorm Gold, with one report lowering its status to a sell and setting a price target of $14.00, while others have raised ratings to buy with targets ranging from $9.75 to $11.75.
• Sandstorm Gold recently declared a quarterly dividend of $0.02, an increase from the previous $0.01, translating to an annual yield of 0.8%.

Bard Associates Inc. trimmed its holdings in shares of Sandstorm Gold Ltd (NYSE:SAND - Free Report) by 52.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,076 shares of the company's stock after selling 27,830 shares during the period. Bard Associates Inc.'s holdings in Sandstorm Gold were worth $189,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Money Concepts Capital Corp lifted its position in shares of Sandstorm Gold by 0.9% during the first quarter. Money Concepts Capital Corp now owns 179,107 shares of the company's stock worth $1,352,000 after purchasing an additional 1,608 shares in the last quarter. SG Americas Securities LLC lifted its position in shares of Sandstorm Gold by 2.1% during the first quarter. SG Americas Securities LLC now owns 111,762 shares of the company's stock worth $844,000 after purchasing an additional 2,307 shares in the last quarter. PFG Investments LLC lifted its position in shares of Sandstorm Gold by 8.8% during the first quarter. PFG Investments LLC now owns 34,979 shares of the company's stock worth $264,000 after purchasing an additional 2,829 shares in the last quarter. Optimum Investment Advisors lifted its position in shares of Sandstorm Gold by 14.7% during the first quarter. Optimum Investment Advisors now owns 23,400 shares of the company's stock worth $177,000 after purchasing an additional 3,000 shares in the last quarter. Finally, Ancora Advisors LLC lifted its position in shares of Sandstorm Gold by 0.9% during the fourth quarter. Ancora Advisors LLC now owns 399,540 shares of the company's stock worth $2,229,000 after purchasing an additional 3,640 shares in the last quarter. 51.97% of the stock is owned by institutional investors and hedge funds.

Sandstorm Gold Stock Up 2.6%

Shares of NYSE:SAND traded up $0.26 during midday trading on Friday, reaching $10.42. The company had a trading volume of 6,029,218 shares, compared to its average volume of 7,639,115. 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 one year low of $5.08 and a one year high of $10.56. The stock's fifty day moving average price is $9.50 and its 200-day moving average price is $8.05. The stock has a market capitalization of $3.05 billion, a P/E ratio of 86.83 and a beta of 0.47.

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

Sandstorm Gold Increases Dividend

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

Analyst Ratings Changes

A number of research analysts have recently commented on SAND shares. Scotiabank boosted their target price on shares of Sandstorm Gold from $7.25 to $8.25 and gave the stock a "sector perform" rating in a research report on Monday, April 14th. Stifel Canada lowered shares of Sandstorm Gold from a "strong-buy" rating to a "hold" rating in a research note on Monday, July 21st. Wall Street Zen upgraded shares of Sandstorm Gold from a "hold" rating to a "buy" rating in a research note on Wednesday, May 21st. HC Wainwright lifted their price target on shares of Sandstorm Gold from $11.50 to $11.75 and gave the stock a "buy" rating in a research note on Thursday, May 8th. Finally, National Bankshares restated 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, two have issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus 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.