Deutsche Bank AG Has $2.84 Million Stake in Sandstorm Gold Ltd $SAND

Key Points

• Deutsche Bank AG reduced its stake in Sandstorm Gold Ltd by 31.9% after selling 176,341 shares, leaving it with approximately 376,654 shares worth $2,844,000.
• Sandstorm Gold announced an increase in its quarterly dividend from $0.01 to $0.02 per share, with a yield of 0.8% and a payout ratio of 41.67%.
• The stock has been rated with mixed sentiments; analysts set new targets with an average price target of $10.15, indicating a generally cautious outlook.

Deutsche Bank AG trimmed its position in shares of Sandstorm Gold Ltd (NYSE:SAND - Free Report) by 31.9% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 376,654 shares of the company's stock after selling 176,341 shares during the period. Deutsche Bank AG owned 0.13% of Sandstorm Gold worth $2,844,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its holdings in Sandstorm Gold by 22.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 4,974,343 shares of the company's stock worth $27,781,000 after buying an additional 913,527 shares during the last quarter. Two Sigma Advisers LP increased its holdings in Sandstorm Gold by 580.6% during the fourth quarter. Two Sigma Advisers LP now owns 2,314,684 shares of the company's stock worth $12,916,000 after buying an additional 1,974,600 shares during the last quarter. D. E. Shaw & Co. Inc. increased its holdings in Sandstorm Gold by 31.5% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 1,988,396 shares of the company's stock worth $11,100,000 after buying an additional 476,836 shares during the last quarter. Two Sigma Investments LP increased its holdings in Sandstorm Gold by 122.0% during the fourth quarter. Two Sigma Investments LP now owns 1,930,051 shares of the company's stock worth $10,770,000 after buying an additional 1,060,727 shares during the last quarter. Finally, Ruffer LLP acquired a new position in Sandstorm Gold during the first quarter worth $8,327,000. 51.97% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

SAND has been the topic of several research reports. Stifel Canada downgraded shares of Sandstorm Gold from a "strong-buy" rating to a "hold" rating in a report on Monday, July 21st. National Bankshares reiterated an "outperform" rating on shares of Sandstorm Gold in a report on Tuesday, June 24th. Wall Street Zen upgraded shares of Sandstorm Gold from a "hold" rating to a "buy" rating in a report on Wednesday, May 21st. TD Securities downgraded shares of Sandstorm Gold from a "buy" rating to a "sell" rating and set a $14.00 price objective on the stock. in a report on Thursday, July 10th. Finally, HC Wainwright upped their price objective on shares of Sandstorm Gold from $11.50 to $11.75 and gave the company a "buy" rating in a report on Thursday, May 8th. Four analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $10.15.

Sandstorm Gold Stock Performance

Shares of SAND stock traded up $0.1550 on Friday, hitting $10.9750. The company's stock had a trading volume of 3,741,277 shares, compared to its average volume of 6,032,315. Sandstorm Gold Ltd has a fifty-two week low of $5.33 and a fifty-two week high of $11.01. The stock's 50 day moving average is $9.77 and its 200-day moving average is $8.38. The company has a debt-to-equity ratio of 0.22, a quick ratio of 2.40 and a current ratio of 2.40. The company has a market capitalization of $3.22 billion, a PE ratio of 91.46 and a beta of 0.47.

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

Sandstorm Gold Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 25th. Shareholders of record on Tuesday, July 15th were paid a dividend of $0.02 per share. The ex-dividend date was Tuesday, July 15th. This is a positive change from Sandstorm Gold's previous quarterly dividend of $0.01. This represents a $0.08 dividend on an annualized basis and a yield of 0.7%. Sandstorm Gold's dividend payout ratio 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.