Sandstorm Gold Ltd (NYSE:SAND) Shares Sold by Louisbourg Investments Inc.

Louisbourg Investments Inc. decreased its stake in Sandstorm Gold Ltd (NYSE:SAND - Free Report) by 17.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 599,282 shares of the company's stock after selling 128,900 shares during the period. Louisbourg Investments Inc. owned approximately 0.20% of Sandstorm Gold worth $4,519,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Cantor Fitzgerald L. P. purchased a new stake in shares of Sandstorm Gold in the fourth quarter valued at about $56,000. Lifeworks Advisors LLC acquired a new position in shares of Sandstorm Gold in the fourth quarter valued at approximately $57,000. Bank of New York Mellon Corp raised its position in shares of 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 buying an additional 2,416 shares during the last quarter. Fiduciary Trust Co purchased a new position in shares of Sandstorm Gold during the 4th quarter worth $86,000. Finally, Oppenheimer Asset Management Inc. acquired a new stake in shares of Sandstorm Gold during the fourth quarter worth $93,000. 51.97% of the stock is currently owned by institutional investors and hedge funds.

Sandstorm Gold Trading Down 0.8%

NYSE SAND traded down $0.08 during mid-day trading on Friday, hitting $9.12. The company's stock had a trading volume of 6,636,770 shares, compared to its average volume of 5,360,725. The firm has a market capitalization of $2.67 billion, a P/E ratio of 91.16 and a beta of 0.46. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.77 and a quick ratio of 1.77. Sandstorm Gold Ltd has a 52-week low of $4.92 and a 52-week high of $9.68. The stock's fifty day simple moving average is $8.69 and its two-hundred day simple moving average is $7.05.

Sandstorm Gold (NYSE:SAND - Get Free Report) last issued 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 during the quarter, compared to analysts' expectations of $71.61 million. Sandstorm Gold had a net margin of 15.80% and a return on equity of 2.00%. Research analysts expect that Sandstorm Gold Ltd will post 0.18 EPS for the current year.

Sandstorm Gold Cuts Dividend

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

Analysts Set New Price Targets

Several research firms recently commented on SAND. HC Wainwright upped their target price on Sandstorm Gold from $11.50 to $11.75 and gave the company a "buy" rating in a research note on Thursday, May 8th. Scotiabank raised 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 report on Monday, April 14th. Wall Street Zen upgraded shares of Sandstorm Gold from a "hold" rating to a "buy" rating in a report on Wednesday, May 21st. Royal Bank Of Canada increased their price target 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 Financial set a $9.75 price target on shares of Sandstorm Gold and gave the company an "outperform" rating in a report on Wednesday, May 7th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $9.25.

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.