Mad River Investors Has $486,000 Stock Holdings in Sandstorm Gold Ltd (NYSE:SAND)

Mad River Investors cut its holdings in shares of Sandstorm Gold Ltd (NYSE:SAND - Free Report) by 64.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 64,364 shares of the company's stock after selling 118,735 shares during the period. Sandstorm Gold comprises about 0.2% of Mad River Investors' investment portfolio, making the stock its 20th biggest holding. Mad River Investors' holdings in Sandstorm Gold were worth $486,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in SAND. Cantor Fitzgerald L. P. bought a new position in shares of Sandstorm Gold in the fourth quarter worth $56,000. Lifeworks Advisors LLC acquired a new position in Sandstorm Gold during the fourth quarter valued at $57,000. Bank of New York Mellon Corp boosted its holdings in shares of Sandstorm Gold by 21.0% during the fourth quarter. Bank of New York Mellon Corp now owns 13,897 shares of the company's stock worth $78,000 after purchasing an additional 2,416 shares during the period. Fiduciary Trust Co purchased a new stake in shares of Sandstorm Gold during the fourth quarter worth $86,000. Finally, Oppenheimer Asset Management Inc. bought a new position in Sandstorm Gold during the fourth quarter valued at about $93,000. 51.97% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on SAND. HC Wainwright lifted 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. Wall Street Zen upgraded 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 Sandstorm Gold from $6.50 to $7.00 and gave the stock an "outperform" rating in a report on Friday, April 4th. Scotiabank upped 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 note on Monday, April 14th. Finally, Raymond James Financial set a $9.75 price objective on Sandstorm Gold and gave the company an "outperform" rating in a report on Wednesday, May 7th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, Sandstorm Gold presently has an average rating of "Moderate Buy" and an average price target of $9.25.

Sandstorm Gold Stock Performance

Shares of NYSE SAND traded up $0.10 during midday trading on Wednesday, hitting $9.23. 5,663,028 shares of the company's stock were exchanged, compared to its average volume of 3,948,624. The company's 50 day moving average price is $8.76 and its 200 day moving average price is $7.13. Sandstorm Gold Ltd has a 12 month low of $4.92 and a 12 month high of $9.68. The firm has a market capitalization of $2.71 billion, a PE ratio of 92.31 and a beta of 0.46. 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 (NYSE:SAND - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.01). Sandstorm Gold had a return on equity of 2.00% and a net margin of 15.80%. The firm had revenue of $50.10 million for the quarter, compared to the consensus estimate of $71.61 million. As a group, analysts predict that Sandstorm Gold Ltd will post 0.18 earnings per share for the current fiscal year.

Sandstorm Gold Cuts Dividend

The business also recently announced 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. The ex-dividend date of this dividend was Monday, April 14th. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.60%. Sandstorm Gold's payout ratio is presently 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.