BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Sells 2,967,082 Shares of Sandstorm Gold Ltd $SAND

Key Points

• British Columbia Investment Management Corp significantly reduced its stake in Sandstorm Gold by 95.5%, selling 2,967,082 shares and now holding only 138,510 shares worth approximately $1,044,000.
• Several other institutional investors have recently entered or adjusted their positions in Sandstorm Gold, with a notable 43.8% increase in ownership by Bank of New York Mellon Corp.
• Sandstorm Gold has recently increased its quarterly dividend from $0.01 to $0.02, resulting in an annualized yield of 0.7%.

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp trimmed its position in shares of Sandstorm Gold Ltd (NYSE:SAND - Free Report) by 95.5% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 138,510 shares of the company's stock after selling 2,967,082 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp's holdings in Sandstorm Gold were worth $1,044,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Boston Partners grew its position in Sandstorm Gold by 15.9% during the 1st quarter. Boston Partners now owns 11,374,157 shares of the company's stock valued at $85,875,000 after purchasing an additional 1,562,142 shares during the last quarter. Invesco Ltd. grew its position in Sandstorm Gold by 3.6% during the 1st quarter. Invesco Ltd. now owns 6,760,201 shares of the company's stock valued at $51,040,000 after purchasing an additional 237,955 shares during the last quarter. Sprott Inc. grew its position in Sandstorm Gold by 18.3% during the 1st quarter. Sprott Inc. now owns 5,281,973 shares of the company's stock valued at $39,880,000 after purchasing an additional 816,130 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Sandstorm Gold by 22.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 4,974,343 shares of the company's stock valued at $27,781,000 after purchasing an additional 913,527 shares during the last quarter. Finally, Two Sigma Advisers LP lifted its stake in Sandstorm Gold by 580.6% during the 4th quarter. Two Sigma Advisers LP now owns 2,314,684 shares of the company's stock valued at $12,916,000 after acquiring an additional 1,974,600 shares during the period. 51.97% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently commented on SAND shares. TD Securities lowered shares of Sandstorm Gold from a "buy" rating to a "sell" rating and set a $14.00 price target for the company. in a research note on Thursday, July 10th. Wall Street Zen upgraded shares of Sandstorm Gold from a "hold" rating to a "buy" rating in a research note on Wednesday, May 21st. Raymond James Financial set a $9.75 price target on shares of Sandstorm Gold and gave the stock an "outperform" rating in a research note on Wednesday, May 7th. 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, Stifel Canada lowered shares of Sandstorm Gold from a "strong-buy" rating to a "hold" rating in a research note on Monday, July 21st. Four analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $10.15.

Sandstorm Gold Stock Performance

NYSE SAND traded up $0.21 during trading hours on Monday, hitting $11.18. 4,425,389 shares of the company's stock traded hands, compared to its average volume of 5,483,663. The business's fifty day moving average price is $9.99 and its two-hundred day moving average price is $8.59. The company has a current ratio of 2.40, a quick ratio of 2.40 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $3.28 billion, a P/E ratio of 93.13 and a beta of 0.52. Sandstorm Gold Ltd has a 52 week low of $5.33 and a 52 week high of $11.21.

Sandstorm Gold (NYSE:SAND - Get Free Report) last announced its earnings results on Thursday, August 7th. The company reported $0.05 earnings per share (EPS) 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 company had revenue of $51.42 million during the quarter, compared to analyst estimates of $68.43 million. Equities research analysts predict that Sandstorm Gold Ltd will post 0.18 EPS for the current 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 given a $0.02 dividend. The ex-dividend date was Tuesday, July 15th. This is an increase from Sandstorm Gold's previous quarterly dividend of $0.01. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.7%. Sandstorm Gold's dividend payout ratio (DPR) is currently 50.00%.

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.