BNP Paribas Financial Markets lowered its position in Sandstorm Gold Ltd. (NYSE:SAND - Free Report) by 52.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 59,746 shares of the company's stock after selling 66,044 shares during the quarter. BNP Paribas Financial Markets' holdings in Sandstorm Gold were worth $333,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds also recently made changes to their positions in SAND. Sprott Inc. increased its position in 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 purchasing an additional 1,955,916 shares during the period. Barclays PLC boosted its holdings in shares of Sandstorm Gold by 6.4% during the 3rd quarter. Barclays PLC now owns 399,854 shares of the company's stock worth $2,400,000 after buying an additional 23,947 shares in the last quarter. Swiss National Bank boosted its holdings in shares of Sandstorm Gold by 0.6% during the 4th quarter. Swiss National Bank now owns 501,762 shares of the company's stock worth $2,805,000 after buying an additional 3,000 shares in the last quarter. Louisbourg Investments Inc. boosted its holdings in shares of Sandstorm Gold by 17.4% during the 4th quarter. Louisbourg Investments Inc. now owns 728,182 shares of the company's stock worth $4,071,000 after buying an additional 108,000 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its holdings in shares of Sandstorm Gold by 115.3% during the 4th quarter. Renaissance Technologies LLC now owns 1,469,501 shares of the company's stock worth $8,200,000 after buying an additional 786,951 shares in the last quarter. Institutional investors and hedge funds own 51.97% of the company's stock.
Sandstorm Gold Stock Down 0.6%
Shares of SAND traded down $0.05 during trading hours on Friday, reaching $8.84. The stock had a trading volume of 4,651,604 shares, compared to its average volume of 3,733,733. Sandstorm Gold Ltd. has a 12 month low of $4.92 and a 12 month high of $9.03. The firm has a 50-day simple moving average of $8.15 and a 200 day simple moving average of $6.71. 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 $2.59 billion, a price-to-earnings ratio of 176.84 and a beta of 0.48.
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 the consensus estimate of $71.61 million. Equities research analysts predict that Sandstorm Gold Ltd. will post 0.18 earnings per share for the current fiscal year.
Sandstorm Gold Cuts Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, April 25th. Shareholders of record on Monday, April 14th were paid a dividend of $0.014 per share. This represents a $0.06 annualized dividend and a yield of 0.63%. The ex-dividend date was Monday, April 14th. Sandstorm Gold's dividend payout ratio (DPR) is presently 50.00%.
Analyst Upgrades and Downgrades
A number of equities analysts have issued reports on SAND shares. HC Wainwright increased their price target on Sandstorm Gold from $11.50 to $11.75 and gave the stock a "buy" rating in a report on Thursday, May 8th. Wall Street Zen upgraded Sandstorm Gold from a "hold" rating to a "buy" rating in a report on Wednesday, May 21st. Raymond James set a $9.75 price target on Sandstorm Gold and gave the stock an "outperform" rating in a report on Wednesday, May 7th. Scotiabank increased their price target on Sandstorm Gold from $7.25 to $8.25 and gave the stock a "sector perform" rating in a report on Monday, April 14th. Finally, Royal Bank of Canada increased their price target on Sandstorm Gold from $6.50 to $7.00 and gave the stock an "outperform" rating in a report on Friday, April 4th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Sandstorm Gold presently has a consensus rating of "Moderate Buy" and an average price target of $9.25.
Check Out Our Latest Analysis on SAND
Sandstorm Gold 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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