Gotham Asset Management LLC Boosts Holdings in Sandstorm Gold Ltd. (NYSE:SAND)

Gotham Asset Management LLC grew its position in Sandstorm Gold Ltd. (NYSE:SAND - Free Report) by 192.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 83,192 shares of the company's stock after purchasing an additional 54,789 shares during the quarter. Gotham Asset Management LLC's holdings in Sandstorm Gold were worth $464,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of SAND. Barclays PLC boosted its stake in shares of Sandstorm Gold by 6.4% in the 3rd quarter. Barclays PLC now owns 399,854 shares of the company's stock valued at $2,400,000 after purchasing an additional 23,947 shares during the last quarter. Fiduciary Family Office LLC bought a new stake in shares of Sandstorm Gold in the 4th quarter valued at $93,000. Money Concepts Capital Corp boosted its stake in shares of Sandstorm Gold by 3.1% in the 4th quarter. Money Concepts Capital Corp now owns 177,499 shares of the company's stock valued at $990,000 after purchasing an additional 5,393 shares during the last quarter. Louisbourg Investments Inc. boosted its stake in shares of Sandstorm Gold by 17.4% in the 4th quarter. Louisbourg Investments Inc. now owns 728,182 shares of the company's stock valued at $4,071,000 after purchasing an additional 108,000 shares during the last quarter. Finally, Meixler Investment Management Ltd. bought a new position in Sandstorm Gold during the fourth quarter worth $66,000. 51.97% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on SAND shares. Scotiabank increased their target price on shares of Sandstorm Gold from $7.25 to $8.25 and gave the stock a "sector perform" rating in a research note on Monday, April 14th. Wall Street Zen raised shares of Sandstorm Gold from a "hold" rating to a "buy" rating in a research note on Wednesday. HC Wainwright increased their target price 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. Royal Bank of Canada increased their target price on shares of Sandstorm Gold from $6.50 to $7.00 and gave the stock an "outperform" rating in a research note on Friday, April 4th. Finally, Raymond James set a $9.75 target price on shares of Sandstorm Gold and gave the stock an "outperform" rating in a research note on Wednesday, May 7th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $9.25.

Sandstorm Gold Stock Up 2.8%

Shares of Sandstorm Gold stock traded up $0.24 during trading hours on Friday, reaching $8.76. The company's stock had a trading volume of 4,334,736 shares, compared to its average volume of 3,686,961. Sandstorm Gold Ltd. has a one year low of $4.92 and a one year high of $8.91. The company has a market capitalization of $2.57 billion, a P/E ratio of 175.14 and a beta of 0.48. The stock's fifty day simple moving average is $7.96 and its two-hundred day simple moving average is $6.61. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.29 and a current ratio of 1.95.

Sandstorm Gold (NYSE:SAND - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The company reported $0.04 earnings per share for the quarter, missing analysts' consensus estimates of $0.05 by ($0.01). Sandstorm Gold had a net margin of 8.11% and a return on equity of 0.98%. The business had revenue of $50.10 million during the quarter, compared to the consensus estimate of $71.61 million. On average, research analysts forecast that Sandstorm Gold Ltd. will post 0.18 earnings per share for the current year.

Sandstorm Gold Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 25th. Shareholders of record on Monday, April 14th were paid a $0.014 dividend. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.64%. The ex-dividend date of this dividend was Monday, April 14th. Sandstorm Gold's dividend payout ratio (DPR) is 50.00%.

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.