Caisse DE Depot ET Placement DU Quebec Takes $12.73 Million Position in 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 acquired a new position in shares of Sandstorm Gold Ltd (NYSE:SAND - Free Report) in the first quarter, according to its most recent disclosure with the SEC. The firm acquired 1,690,018 shares of the company's stock, valued at approximately $12,729,000. Caisse DE Depot ET Placement DU Quebec owned 0.58% of Sandstorm Gold at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Cantor Fitzgerald L. P. acquired a new stake in Sandstorm Gold during the 4th quarter worth approximately $56,000. Venture Visionary Partners LLC acquired a new stake in Sandstorm Gold during the 1st quarter worth approximately $91,000. Fiduciary Trust Co acquired a new stake in Sandstorm Gold during the 4th quarter worth approximately $86,000. United Advisor Group LLC acquired a new stake in Sandstorm Gold during the 1st quarter worth approximately $118,000. Finally, Bank of New York Mellon Corp lifted its position in Sandstorm Gold by 43.8% during the 1st quarter. Bank of New York Mellon Corp now owns 19,989 shares of the company's stock worth $151,000 after acquiring an additional 6,092 shares during the period. 51.97% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

SAND has been the subject of several recent analyst reports. National Bankshares reissued an "outperform" rating on shares of Sandstorm Gold in a report on Tuesday, June 24th. HC Wainwright raised their price target on Sandstorm Gold from $11.50 to $11.75 and gave the company a "buy" rating in a report on Thursday, May 8th. 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. Wall Street Zen raised Sandstorm Gold from a "hold" rating to a "buy" rating in a report on Wednesday, May 21st. Finally, Stifel Canada cut Sandstorm Gold from a "strong-buy" rating to a "hold" rating in a report on Monday, July 21st. Four equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $10.15.

Sandstorm Gold Price Performance

Sandstorm Gold stock traded up $0.21 during mid-day trading on Monday, hitting $11.18. 4,425,389 shares of the company were exchanged, compared to its average volume of 5,483,663. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.40 and a quick ratio of 2.40. The business's 50 day simple moving average is $9.96 and its two-hundred day simple moving average is $8.56. The company 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 12-month low of $5.33 and a 12-month high of $11.21.

Sandstorm Gold (NYSE:SAND - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The company reported $0.05 earnings per share 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 forecast that Sandstorm Gold Ltd will post 0.18 earnings per share for the current fiscal year.

Sandstorm Gold Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 25th. Shareholders of record on Tuesday, July 15th were given a dividend of $0.02 per share. 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 yield of 0.7%. Sandstorm Gold's dividend payout ratio (DPR) is 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.