Mad River Investors cut its stake in Sandstorm Gold Ltd (NYSE:SAND - Free Report) by 64.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 64,364 shares of the company's stock after selling 118,735 shares during the quarter. Sandstorm Gold accounts for about 0.2% of Mad River Investors' portfolio, making the stock its 20th biggest position. Mad River Investors' holdings in Sandstorm Gold were worth $486,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Cantor Fitzgerald L. P. purchased a new stake in shares of Sandstorm Gold in the fourth quarter worth approximately $56,000. Lifeworks Advisors LLC bought a new position in shares of Sandstorm Gold in the fourth quarter valued at approximately $57,000. Bank of New York Mellon Corp grew its holdings 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 acquiring an additional 2,416 shares in the last quarter. Fiduciary Trust Co bought a new position in shares of Sandstorm Gold in the fourth quarter valued at approximately $86,000. Finally, Oppenheimer Asset Management Inc. bought a new position in shares of Sandstorm Gold in the fourth quarter valued at approximately $93,000. 51.97% of the stock is owned by hedge funds and other institutional investors.
Sandstorm Gold Trading Down 0.8%
Shares of SAND stock opened at $9.12 on Friday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.77 and a current ratio of 1.77. Sandstorm Gold Ltd has a 52-week low of $4.92 and a 52-week high of $9.68. The company has a market capitalization of $2.67 billion, a PE ratio of 91.16 and a beta of 0.46. The business's fifty day moving average is $8.72 and its 200 day moving average is $7.08.
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 for the quarter, missing analysts' consensus estimates of $0.05 by ($0.01). The firm had revenue of $50.10 million for 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%. On average, equities research analysts anticipate that Sandstorm Gold Ltd will post 0.18 EPS for the current fiscal year.
Sandstorm Gold Cuts Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, April 25th. Stockholders of record on Monday, April 14th were issued a dividend of $0.014 per share. The ex-dividend date was Monday, April 14th. This represents a $0.06 annualized dividend and a dividend yield of 0.61%. Sandstorm Gold's payout ratio is 60.00%.
Analyst Ratings Changes
A number of equities analysts have recently commented on SAND shares. Scotiabank raised their price target on Sandstorm Gold from $7.25 to $8.25 and gave the stock a "sector perform" rating in a report on Monday, April 14th. Raymond James Financial set a $9.75 price target on Sandstorm Gold and gave the stock an "outperform" rating in a report on Wednesday, May 7th. HC Wainwright raised their price target on Sandstorm Gold from $11.50 to $11.75 and gave the stock a "buy" rating in a report on Thursday, May 8th. Royal Bank Of Canada raised 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. Finally, Wall Street Zen raised Sandstorm Gold from a "hold" rating to a "buy" rating in a report on Wednesday, May 21st. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $9.25.
View Our Latest Report on SAND
Sandstorm Gold 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.
Further Reading
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