Louisbourg Investments Inc. reduced its position in shares of Sandstorm Gold Ltd. (NYSE:SAND - Free Report) by 17.7% during the 1st quarter, according to the company in its most recent 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 quarter. Louisbourg Investments Inc. owned 0.20% of Sandstorm Gold worth $4,519,000 at the end of the most recent quarter.
Other large investors also recently added to or reduced their stakes in the company. Cantor Fitzgerald L. P. acquired a new stake in Sandstorm Gold during the 4th quarter valued at $56,000. Lifeworks Advisors LLC acquired a new stake in Sandstorm Gold during the 4th quarter valued at $57,000. Bank of New York Mellon Corp raised its stake in Sandstorm Gold by 21.0% during 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 during the period. Fiduciary Trust Co acquired a new stake in Sandstorm Gold during the 4th quarter valued at $86,000. Finally, Oppenheimer Asset Management Inc. acquired a new position in shares of Sandstorm Gold in the fourth quarter worth $93,000. 51.97% of the stock is owned by institutional investors and hedge funds.
Sandstorm Gold Trading Down 0.3%
Sandstorm Gold stock opened at $9.32 on Tuesday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.95 and a quick ratio of 2.29. The company has a market capitalization of $2.73 billion, a price-to-earnings ratio of 186.34 and a beta of 0.46. Sandstorm Gold Ltd. has a one year low of $4.92 and a one year high of $9.68. The company's fifty day moving average price is $8.58 and its two-hundred day moving average price is $6.99.
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 (EPS) for the quarter, missing analysts' consensus estimates of $0.05 by ($0.01). Sandstorm Gold had a net margin of 8.11% and a return on equity of 0.98%. The firm had revenue of $50.10 million for the quarter, compared to the consensus estimate of $71.61 million. On average, analysts forecast that Sandstorm Gold Ltd. will post 0.18 earnings per share for the current fiscal year.
Sandstorm Gold Cuts Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, April 25th. Shareholders of record on Monday, April 14th were issued a dividend of $0.014 per share. This represents a $0.06 dividend on an annualized basis and a yield of 0.60%. The ex-dividend date of this dividend was Monday, April 14th. Sandstorm Gold's dividend payout ratio (DPR) is 50.00%.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently weighed in on the stock. Royal Bank of Canada upped 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. Wall Street Zen raised shares of Sandstorm Gold from a "hold" rating to a "buy" rating in a research note on Wednesday, May 21st. Scotiabank upped their price target on shares of Sandstorm Gold from $7.25 to $8.25 and gave the stock a "sector perform" rating in a research note on Monday, April 14th. Raymond James set a $9.75 price target on shares of Sandstorm Gold and gave the stock an "outperform" rating in a research note on Wednesday, May 7th. Finally, HC Wainwright upped their price target 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. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $9.25.
Check Out Our Latest Stock Analysis on Sandstorm Gold
Sandstorm Gold Company Profile
(
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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