Caisse DE Depot ET Placement DU Quebec Purchases Shares of 1,690,018 Sandstorm Gold Ltd $SAND

Key Points

• Caisse DE Depot ET Placement DU Quebec has acquired a new stake in Sandstorm Gold Ltd, purchasing 1,690,018 shares valued at approximately $12.7 million, representing about 0.58% ownership of the company.
• Several other institutional investors have also increased their stakes in Sandstorm Gold, with ownership by institutions now at 51.97%.
• Sandstorm Gold recently announced a dividend increase, raising its quarterly payout from $0.01 to $0.02 per share, indicating a shift in its dividend policy.

Caisse DE Depot ET Placement DU Quebec bought a new stake in shares of Sandstorm Gold Ltd (NYSE:SAND - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 1,690,018 shares of the company's stock, valued at approximately $12,729,000. Caisse DE Depot ET Placement DU Quebec owned approximately 0.58% of Sandstorm Gold at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in SAND. Jump Financial LLC acquired a new position in shares of Sandstorm Gold in the 1st quarter worth approximately $3,081,000. Sprott Inc. boosted its holdings in Sandstorm Gold by 18.3% in the first quarter. Sprott Inc. now owns 5,281,973 shares of the company's stock worth $39,880,000 after purchasing an additional 816,130 shares during the period. Venture Visionary Partners LLC bought a new stake in Sandstorm Gold during the first quarter valued at $91,000. Wellington Management Group LLP acquired a new stake in shares of Sandstorm Gold during the first quarter worth $15,617,000. Finally, Northwest & Ethical Investments L.P. raised its holdings in shares of Sandstorm Gold by 175.3% during the first quarter. Northwest & Ethical Investments L.P. now owns 21,074 shares of the company's stock worth $159,000 after purchasing an additional 13,420 shares during the period. 51.97% of the stock is currently owned by institutional investors.

Sandstorm Gold Price Performance

Shares of SAND stock traded up $0.20 during mid-day trading on Tuesday, reaching $11.36. The company's stock had a trading volume of 6,432,880 shares, compared to its average volume of 5,180,615. The company has a market cap of $3.33 billion, a P/E ratio of 94.63 and a beta of 0.52. The firm's 50-day moving average is $10.04 and its two-hundred day moving average is $8.61. Sandstorm Gold Ltd has a 1-year low of $5.33 and a 1-year high of $11.44. The company has a debt-to-equity ratio of 0.22, a quick ratio of 2.40 and a current ratio of 2.40.

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, hitting analysts' consensus estimates of $0.05. The company had revenue of $51.42 million for the quarter, compared to analyst estimates of $68.43 million. Sandstorm Gold had a net margin of 17.78% and a return on equity of 2.38%. On average, research analysts predict that Sandstorm Gold Ltd will post 0.18 earnings per share for the current year.

Sandstorm Gold Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 25th. Stockholders of record on Tuesday, July 15th were paid a $0.02 dividend. The ex-dividend date of this dividend 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 dividend yield of 0.7%. Sandstorm Gold's payout ratio is currently 50.00%.

Wall Street Analysts Forecast Growth

SAND has been the subject of several research reports. National Bankshares reaffirmed an "outperform" rating on shares of Sandstorm Gold in a report on Tuesday, June 24th. TD Securities lowered Sandstorm Gold from a "buy" rating to a "sell" rating and set a $14.00 target price for the company. in a report on Thursday, July 10th. Wall Street Zen upgraded Sandstorm Gold from a "hold" rating to a "buy" rating in a research report on Wednesday, May 21st. Raymond James Financial set a $9.75 target price on Sandstorm Gold and gave the stock an "outperform" rating in a research report on Wednesday, May 7th. Finally, Stifel Canada lowered Sandstorm Gold from a "strong-buy" rating to a "hold" rating in a report on Monday, July 21st. Four research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average 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.