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

Intact Investment Management Inc. increased its stake in shares of Sandstorm Gold Ltd (NYSE:SAND - Free Report) by 10.3% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 298,000 shares of the company's stock after acquiring an additional 27,800 shares during the period. Intact Investment Management Inc. owned about 0.10% of Sandstorm Gold worth $2,245,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Cantor Fitzgerald L. P. bought a new position in Sandstorm Gold during the fourth quarter worth $56,000. Lifeworks Advisors LLC bought a new stake in shares of Sandstorm Gold during the 4th quarter worth approximately $57,000. Bank of New York Mellon Corp boosted its holdings in shares of Sandstorm Gold by 21.0% in the 4th 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 in the last quarter. Fiduciary Trust Co bought a new position in Sandstorm Gold in the fourth quarter valued at about $86,000. Finally, United Advisor Group LLC acquired a new position in Sandstorm Gold during the 1st quarter worth approximately $118,000. 51.97% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Sandstorm Gold Stock Performance

Sandstorm Gold stock traded up $0.10 during mid-day trading on Wednesday, reaching $9.23. 5,663,028 shares of the company's stock were exchanged, compared to its average volume of 3,948,624. The business's fifty day simple moving average is $8.76 and its 200 day simple moving average is $7.13. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 0.24. Sandstorm Gold Ltd has a one year low of $4.92 and a one year high of $9.68. The firm has a market capitalization of $2.71 billion, a PE ratio of 91.30 and a beta of 0.46.

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

Sandstorm Gold Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 25th. Stockholders of record on Monday, April 14th were given a dividend of $0.014 per share. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.60%. The ex-dividend date of this dividend 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.