Man Group plc purchased a new position in Sandstorm Gold Ltd. (NYSE:SAND - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 245,115 shares of the company's stock, valued at approximately $1,368,000. Man Group plc owned approximately 0.08% of Sandstorm Gold at the end of the most recent reporting period.
Several other large investors also recently modified their holdings of SAND. Boston Partners increased its holdings in shares of Sandstorm Gold by 39,289.9% in the fourth quarter. Boston Partners now owns 9,812,015 shares of the company's stock worth $54,751,000 after acquiring an additional 9,787,105 shares in the last quarter. Sprott Inc. grew its holdings in shares of Sandstorm Gold by 77.9% during the fourth quarter. Sprott Inc. now owns 4,465,843 shares of the company's stock worth $24,925,000 after buying an additional 1,955,916 shares in the last quarter. Invesco Ltd. grew its holdings in shares of Sandstorm Gold by 35.0% during the fourth quarter. Invesco Ltd. now owns 6,522,246 shares of the company's stock worth $36,394,000 after buying an additional 1,691,296 shares in the last quarter. Amundi grew its holdings in shares of Sandstorm Gold by 74.9% during the fourth quarter. Amundi now owns 2,890,535 shares of the company's stock worth $16,447,000 after buying an additional 1,238,050 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its stake in Sandstorm Gold by 935.5% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,330,652 shares of the company's stock valued at $7,432,000 after purchasing an additional 1,202,144 shares in the last quarter. 51.97% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
A number of research firms have weighed in on SAND. HC Wainwright raised their price target on Sandstorm Gold from $11.50 to $11.75 and gave the company a "buy" rating in a research note on Thursday, May 8th. Raymond James set a $9.75 price target on Sandstorm Gold and gave the company an "outperform" rating in a research note on Wednesday, May 7th. Wall Street Zen upgraded Sandstorm Gold from a "hold" rating to a "buy" rating in a research note on Wednesday, May 21st. Royal Bank of Canada raised their price target on Sandstorm Gold from $6.50 to $7.00 and gave the company an "outperform" rating in a research note on Friday, April 4th. Finally, Scotiabank raised their price target on Sandstorm Gold from $7.25 to $8.25 and gave the company a "sector perform" rating in a research note on Monday, April 14th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, Sandstorm Gold presently has a consensus rating of "Moderate Buy" and a consensus price target of $9.25.
Get Our Latest Research Report on Sandstorm Gold
Sandstorm Gold Trading Up 0.7%
SAND traded up $0.07 during midday trading on Thursday, hitting $8.99. 1,656,577 shares of the company were exchanged, compared to its average volume of 5,316,706. The firm has a market capitalization of $2.63 billion, a P/E ratio of 179.62 and a beta of 0.48. Sandstorm Gold Ltd. has a 1-year low of $4.92 and a 1-year high of $9.03. The firm's 50 day moving average price is $8.08 and its 200-day moving average price is $6.66. The company has a quick ratio of 2.29, a current ratio of 1.95 and a debt-to-equity ratio of 0.24.
Sandstorm Gold (NYSE:SAND - Get Free Report) last posted 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). Sandstorm Gold had a return on equity of 0.98% and a net margin of 8.11%. The firm had revenue of $50.10 million for the quarter, compared to analyst estimates of $71.61 million. As a group, equities analysts forecast that Sandstorm Gold Ltd. will post 0.18 EPS for the current fiscal year.
Sandstorm Gold Cuts Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, April 25th. Stockholders of record on Monday, April 14th were issued a $0.014 dividend. This represents a $0.06 annualized dividend and a dividend yield of 0.62%. The ex-dividend date of this dividend was Monday, April 14th. Sandstorm Gold's dividend payout ratio is presently 50.00%.
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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