Jump Financial LLC Buys New Stake in Sandstorm Gold Ltd $SAND

Key Points

• Jump Financial LLC has acquired 408,087 shares of Sandstorm Gold Ltd, valued at approximately $3.08 million, representing about 0.14% of the company's stock.
• Sandstorm Gold has recently increased its quarterly dividend from $0.01 to $0.02 per share, resulting in an annualized yield of 0.7%.
• Analysts have updated their price targets for Sandstorm Gold, with a consensus rating of "Hold" and an average target price of $10.15.

Jump Financial LLC acquired a new stake in shares of Sandstorm Gold Ltd (NYSE:SAND - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 408,087 shares of the company's stock, valued at approximately $3,081,000. Jump Financial LLC owned about 0.14% of Sandstorm Gold as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of SAND. Cantor Fitzgerald L. P. acquired a new stake in shares of Sandstorm Gold during the 4th quarter valued at $56,000. Fiduciary Trust Co acquired a new position in Sandstorm Gold in the 4th quarter worth approximately $86,000. Venture Visionary Partners LLC acquired a new position in Sandstorm Gold in the 1st quarter worth approximately $91,000. United Advisor Group LLC acquired a new position in Sandstorm Gold in the 1st quarter worth approximately $118,000. Finally, Bank of New York Mellon Corp boosted its stake in Sandstorm Gold by 43.8% in the 1st quarter. Bank of New York Mellon Corp now owns 19,989 shares of the company's stock worth $151,000 after purchasing an additional 6,092 shares during the period. Institutional investors and hedge funds own 51.97% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on SAND. Wall Street Zen raised shares of Sandstorm Gold from a "hold" rating to a "buy" rating in a research note on Wednesday, May 21st. HC Wainwright raised their price objective 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. TD Securities downgraded shares of Sandstorm Gold from a "buy" rating to a "sell" rating and set a $14.00 target price for the company. in a research report on Thursday, July 10th. Raymond James Financial set a $9.75 target price on shares of Sandstorm Gold and gave the stock an "outperform" rating in a research report on Wednesday, May 7th. Finally, Stifel Canada downgraded shares of Sandstorm Gold from a "strong-buy" rating to a "hold" rating in a research report on Monday, July 21st. Four research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Sandstorm Gold currently has a consensus rating of "Hold" and a consensus target price of $10.15.

Sandstorm Gold Stock Up 1.9%

Shares of Sandstorm Gold stock traded up $0.21 during midday trading on Friday, reaching $11.18. 4,425,389 shares of the company's stock traded hands, compared to its average volume of 5,577,941. The company has a market cap of $3.28 billion, a price-to-earnings ratio of 93.13 and a beta of 0.47. The company's 50 day simple moving average is $9.96 and its 200 day simple moving average is $8.53. The company has a debt-to-equity ratio of 0.22, a quick ratio of 2.40 and a current ratio of 2.40. Sandstorm Gold Ltd has a 52 week low of $5.33 and a 52 week high of $11.21.

Sandstorm Gold (NYSE:SAND - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The company reported $0.05 earnings per share for the quarter, meeting analysts' consensus estimates of $0.05. The business 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 analysts expect that Sandstorm Gold Ltd will post 0.18 earnings per share for the current fiscal year.

Sandstorm Gold Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 25th. Stockholders of record on Tuesday, July 15th were issued a dividend of $0.02 per share. The ex-dividend date was Tuesday, July 15th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.7%. This is an increase from Sandstorm Gold's previous quarterly dividend of $0.01. Sandstorm Gold's payout ratio is 50.00%.

About Sandstorm Gold

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.