Montrusco Bolton Investments Inc. Invests $12.17 Million in Sandstorm Gold Ltd $SAND

Key Points

• Montrusco Bolton Investments Inc. has made a significant investment of approximately $12.17 million in Sandstorm Gold Ltd, acquiring 1,296,000 shares in the second quarter.
• Several institutional investors have increased their stakes in Sandstorm Gold, indicating a growing interest in the company, with total institutional ownership at nearly 52%.
• Analysts have recently provided mixed ratings on Sandstorm Gold, with a consensus rating of "Hold" and a target price of $10.15, while some firms have downgraded their ratings from "buy" to "sell."

Montrusco Bolton Investments Inc. acquired a new position in shares of Sandstorm Gold Ltd (NYSE:SAND - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 1,296,000 shares of the company's stock, valued at approximately $12,167,000. Montrusco Bolton Investments Inc. owned approximately 0.44% of Sandstorm Gold as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Vanguard Personalized Indexing Management LLC raised its stake in shares of Sandstorm Gold by 22.8% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 24,302 shares of the company's stock worth $228,000 after purchasing an additional 4,517 shares in the last quarter. Plancorp LLC increased its holdings in shares of Sandstorm Gold by 58.1% during the 2nd quarter. Plancorp LLC now owns 90,364 shares of the company's stock worth $849,000 after acquiring an additional 33,222 shares during the last quarter. Farther Finance Advisors LLC increased its holdings in shares of Sandstorm Gold by 181.8% during the 2nd quarter. Farther Finance Advisors LLC now owns 3,100 shares of the company's stock worth $29,000 after acquiring an additional 2,000 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Sandstorm Gold by 7.2% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 339,284 shares of the company's stock worth $2,562,000 after acquiring an additional 22,677 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its holdings in shares of Sandstorm Gold by 11.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,120,393 shares of the company's stock worth $8,459,000 after acquiring an additional 113,660 shares during the last quarter. Institutional investors own 51.97% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on SAND shares. TD Securities lowered Sandstorm Gold from a "buy" rating to a "sell" rating and set a $14.00 target price on the stock. in a report on Thursday, July 10th. Stifel Canada lowered Sandstorm Gold from a "strong-buy" rating to a "hold" rating in a report on Monday, July 21st. Weiss Ratings reissued a "hold (c)" rating on shares of Sandstorm Gold in a report on Saturday, September 27th. Finally, National Bankshares reissued an "outperform" rating on shares of Sandstorm Gold in a report on Tuesday, June 24th. Four research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Sandstorm Gold currently has a consensus rating of "Hold" and a consensus target price of $10.15.

Sandstorm Gold Stock Performance

Shares of NYSE SAND opened at $12.12 on Monday. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.40 and a quick ratio of 2.40. The stock's fifty day moving average price is $11.39 and its two-hundred day moving average price is $9.70. Sandstorm Gold Ltd has a one year low of $5.33 and a one year high of $12.90. The firm has a market cap of $3.57 billion, a price-to-earnings ratio of 101.00 and a beta of 0.51.

Sandstorm Gold (NYSE:SAND - Get Free Report) last released its earnings results on Thursday, August 7th. The company reported $0.05 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.05. The company had revenue of $51.42 million for the quarter, compared to analyst estimates of $68.43 million. Sandstorm Gold had a return on equity of 2.38% and a net margin of 17.78%. On average, equities analysts forecast that Sandstorm Gold Ltd will post 0.18 EPS for the current year.

Sandstorm Gold Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 7th. Stockholders of record on Friday, September 26th were issued a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend was Friday, September 26th. Sandstorm Gold's dividend payout ratio is 50.00%.

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.

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