Boston Partners Purchases 1,562,142 Shares of Sandstorm Gold Ltd (NYSE:SAND)

Key Points

• Boston Partners significantly increased its stake in Sandstorm Gold by purchasing 1,562,142 shares, bringing their total ownership to approximately 11.37 million shares, valued at around $85.87 million.
• Sandstorm Gold recently declared an increased quarterly dividend of $0.02 per share, up from $0.01, resulting in an annualized dividend yield of 0.8%.
• The company's latest earnings report showed a net margin of 17.78% and revenue of $51.42 million for the quarter, falling short of analysts' expectations.

Boston Partners increased its position in Sandstorm Gold Ltd (NYSE:SAND - Free Report) by 15.9% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 11,374,157 shares of the company's stock after purchasing an additional 1,562,142 shares during the quarter. Boston Partners owned approximately 3.88% of Sandstorm Gold worth $85,875,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. Two Sigma Advisers LP raised its holdings in Sandstorm Gold by 580.6% in the fourth quarter. Two Sigma Advisers LP now owns 2,314,684 shares of the company's stock worth $12,916,000 after purchasing an additional 1,974,600 shares in the last quarter. Invesco Ltd. grew its position in shares of Sandstorm Gold by 35.0% in the 4th quarter. Invesco Ltd. now owns 6,522,246 shares of the company's stock worth $36,394,000 after buying an additional 1,691,296 shares during the period. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Sandstorm Gold in the 1st quarter worth about $8,692,000. Ruffer LLP purchased a new position in Sandstorm Gold during the 1st quarter valued at about $8,327,000. Finally, Two Sigma Investments LP lifted its position in Sandstorm Gold by 122.0% during the 4th quarter. Two Sigma Investments LP now owns 1,930,051 shares of the company's stock valued at $10,770,000 after acquiring an additional 1,060,727 shares during the period. 51.97% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on SAND shares. National Bankshares reaffirmed an "outperform" rating on shares of Sandstorm Gold in a research note on Tuesday, June 24th. Stifel Canada lowered Sandstorm Gold from a "strong-buy" rating to a "hold" rating in a research report on Monday, July 21st. HC Wainwright boosted their target price 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 raised Sandstorm Gold from a "hold" rating to a "buy" rating in a research note on Wednesday, May 21st. Finally, Raymond James Financial set a $9.75 price target on Sandstorm Gold and gave the company an "outperform" rating in a report on Wednesday, May 7th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $10.15.

Sandstorm Gold Stock Up 1.2%

SAND traded up $0.13 during trading on Friday, hitting $10.61. 3,812,812 shares of the company's stock traded hands, compared to its average volume of 6,823,976. The stock has a market capitalization of $3.11 billion, a price-to-earnings ratio of 88.42 and a beta of 0.47. The company's 50 day simple moving average is $9.62 and its two-hundred day simple moving average is $8.22. Sandstorm Gold Ltd has a 12-month low of $5.33 and a 12-month high of $10.76. The company has a current ratio of 2.40, a quick ratio of 2.40 and a debt-to-equity ratio of 0.22.

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

Sandstorm Gold Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 25th. Shareholders of record on Tuesday, July 15th were given a $0.02 dividend. This is a boost from Sandstorm Gold's previous quarterly dividend of $0.01. The ex-dividend date of this dividend was Tuesday, July 15th. This represents a $0.08 dividend on an annualized basis and a yield of 0.8%. Sandstorm Gold's payout ratio is presently 41.67%.

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.