Invesco Ltd. increased its holdings in Sandstorm Gold Ltd (NYSE:SAND - Free Report) by 3.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,760,201 shares of the company's stock after acquiring an additional 237,955 shares during the period. Invesco Ltd. owned about 2.30% of Sandstorm Gold worth $51,040,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently made changes to their positions in the company. XTX Topco Ltd raised its holdings in shares of Sandstorm Gold by 107.9% in the 1st quarter. XTX Topco Ltd now owns 75,471 shares of the company's stock worth $570,000 after acquiring an additional 39,172 shares during the last quarter. Oppenheimer Asset Management Inc. grew its position in Sandstorm Gold by 62.0% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 26,916 shares of the company's stock worth $203,000 after purchasing an additional 10,302 shares in the last quarter. D.A. Davidson & CO. bought a new stake in Sandstorm Gold in the 1st quarter worth about $414,000. Deutsche Bank AG grew its position in Sandstorm Gold by 4.1% in the 4th quarter. Deutsche Bank AG now owns 552,995 shares of the company's stock worth $3,086,000 after purchasing an additional 21,858 shares in the last quarter. Finally, Alps Advisors Inc. bought a new stake in Sandstorm Gold in the 1st quarter worth about $624,000. Institutional investors and hedge funds own 51.97% of the company's stock.
Sandstorm Gold Stock Performance
Shares of SAND stock traded up $0.2750 during trading on Thursday, reaching $10.7850. 2,967,254 shares of the company's stock traded hands, compared to its average volume of 5,967,526. The company has a market capitalization of $3.16 billion, a P/E ratio of 89.85 and a beta of 0.47. The company has a current ratio of 2.40, a quick ratio of 2.40 and a debt-to-equity ratio of 0.22. The firm's 50-day moving average is $9.71 and its 200 day moving average is $8.30. Sandstorm Gold Ltd has a 1 year low of $5.33 and a 1 year high of $10.81.
Sandstorm Gold (NYSE:SAND - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The company reported $0.05 EPS for the quarter, meeting analysts' consensus estimates of $0.05. The company had revenue of $51.42 million for the quarter, compared to analysts' expectations 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 EPS for the current year.
Sandstorm Gold Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, July 25th. Shareholders of record on Tuesday, July 15th were paid a $0.02 dividend. The ex-dividend date was Tuesday, July 15th. This represents a $0.08 annualized dividend and a yield of 0.7%. This is a boost from Sandstorm Gold's previous quarterly dividend of $0.01. Sandstorm Gold's dividend payout ratio is currently 50.00%.
Wall Street Analyst Weigh In
A number of equities research analysts have issued reports on the stock. Stifel Canada downgraded shares of Sandstorm Gold from a "strong-buy" rating to a "hold" rating in a research report on Monday, July 21st. HC Wainwright upped their price objective on shares of Sandstorm Gold from $11.50 to $11.75 and gave the stock a "buy" rating in a research report on Thursday, May 8th. Wall Street Zen raised shares of Sandstorm Gold from a "hold" rating to a "buy" rating in a research report on Wednesday, May 21st. National Bankshares reissued an "outperform" rating on shares of Sandstorm Gold in a research report on Tuesday, June 24th. Finally, Raymond James Financial set a $9.75 target price on shares of Sandstorm Gold and gave the company an "outperform" rating in a research report on Wednesday, May 7th. Four research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $10.15.
Read Our Latest Stock Report on SAND
About Sandstorm Gold
(
Free Report)
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.
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