Intact Investment Management Inc. Boosts Stock Position in Sandstorm Gold Ltd (NYSE:SAND)

Intact Investment Management Inc. raised its position in shares of Sandstorm Gold Ltd (NYSE:SAND - Free Report) by 10.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 298,000 shares of the company's stock after acquiring an additional 27,800 shares during the period. Intact Investment Management Inc. owned approximately 0.10% of Sandstorm Gold worth $2,245,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. SG Americas Securities LLC boosted its position in Sandstorm Gold by 2.1% during the first quarter. SG Americas Securities LLC now owns 111,762 shares of the company's stock valued at $844,000 after purchasing an additional 2,307 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in Sandstorm Gold by 21.0% in the fourth quarter. Bank of New York Mellon Corp now owns 13,897 shares of the company's stock valued at $78,000 after purchasing an additional 2,416 shares during the period. PFG Investments LLC grew its holdings in Sandstorm Gold by 8.8% in the first quarter. PFG Investments LLC now owns 34,979 shares of the company's stock valued at $264,000 after purchasing an additional 2,829 shares during the period. Swiss National Bank boosted its stake in shares of Sandstorm Gold by 0.6% in the fourth quarter. Swiss National Bank now owns 501,762 shares of the company's stock worth $2,805,000 after acquiring an additional 3,000 shares during the last quarter. Finally, Ancora Advisors LLC boosted its stake in shares of Sandstorm Gold by 0.9% in the fourth quarter. Ancora Advisors LLC now owns 399,540 shares of the company's stock worth $2,229,000 after acquiring an additional 3,640 shares during the last quarter. 51.97% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts recently commented on SAND shares. Raymond James Financial set a $9.75 price objective on Sandstorm Gold and gave the stock an "outperform" rating in a research report on Wednesday, May 7th. Scotiabank boosted their price objective on Sandstorm Gold from $7.25 to $8.25 and gave the company a "sector perform" rating in a report on Monday, April 14th. Royal Bank Of Canada upped their price target on Sandstorm Gold from $6.50 to $7.00 and gave the stock an "outperform" rating in a report on Friday, April 4th. Wall Street Zen upgraded Sandstorm Gold from a "hold" rating to a "buy" rating in a report on Wednesday, May 21st. Finally, HC Wainwright upped their price objective on Sandstorm Gold from $11.50 to $11.75 and gave the stock a "buy" rating in a research report on Thursday, May 8th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Sandstorm Gold presently has a consensus rating of "Moderate Buy" and a consensus price target of $9.25.

Sandstorm Gold Stock Performance

NYSE SAND opened at $9.12 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.77 and a quick ratio of 1.77. The business has a 50 day moving average price of $8.72 and a 200 day moving average price of $7.08. The company has a market capitalization of $2.67 billion, a P/E ratio of 91.16 and a beta of 0.46. Sandstorm Gold Ltd has a 1-year low of $4.92 and a 1-year high of $9.68.

Sandstorm Gold (NYSE:SAND - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.01). The company had revenue of $50.10 million for the quarter, compared to analysts' expectations of $71.61 million. Sandstorm Gold had a return on equity of 2.00% and a net margin of 15.80%. Sell-side analysts expect that Sandstorm Gold Ltd will post 0.18 EPS for the current fiscal year.

Sandstorm Gold Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 25th. Stockholders of record on Monday, April 14th were given a $0.014 dividend. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.61%. The ex-dividend date was Monday, April 14th. Sandstorm Gold's dividend payout ratio is currently 60.00%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.