Nuveen LLC Invests $1.71 Million in Sandstorm Gold Ltd $SAND

Key Points

• Nuveen LLC has made a new investment in Sandstorm Gold Ltd, acquiring 226,729 shares valued at approximately $1.71 million during the first quarter.
• Sandstorm Gold recently increased its quarterly dividend to $0.02 per share, signaling growth, with a current annualized yield of 0.7%.
• Several research firms have issued mixed ratings on Sandstorm Gold, with a consensus rating of "Hold" and an average target price of $10.15.

Nuveen LLC purchased a new position in shares of Sandstorm Gold Ltd (NYSE:SAND - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 226,729 shares of the company's stock, valued at approximately $1,708,000. Nuveen LLC owned about 0.08% of Sandstorm Gold at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of SAND. Dimensional Fund Advisors LP raised its position in shares of Sandstorm Gold by 22.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 4,974,343 shares of the company's stock valued at $27,781,000 after acquiring an additional 913,527 shares during the last quarter. Stifel Financial Corp increased its holdings in Sandstorm Gold by 5.9% in the fourth quarter. Stifel Financial Corp now owns 581,894 shares of the company's stock valued at $3,247,000 after purchasing an additional 32,475 shares during the last quarter. Tudor Investment Corp ET AL bought a new stake in Sandstorm Gold in the fourth quarter valued at about $200,000. The Manufacturers Life Insurance Company lifted its stake in Sandstorm Gold by 2.0% in the fourth quarter. The Manufacturers Life Insurance Company now owns 231,650 shares of the company's stock valued at $1,297,000 after buying an additional 4,548 shares during the period. Finally, Ancora Advisors LLC boosted its holdings in Sandstorm Gold by 0.9% during the fourth quarter. Ancora Advisors LLC now owns 399,540 shares of the company's stock worth $2,229,000 after buying an additional 3,640 shares during the last quarter. 51.97% of the stock is owned by institutional investors.

Sandstorm Gold Stock Performance

NYSE:SAND traded down $0.05 during mid-day trading on Wednesday, hitting $11.31. The stock had a trading volume of 3,738,116 shares, compared to its average volume of 5,899,513. The company has a debt-to-equity ratio of 0.22, a quick ratio of 2.40 and a current ratio of 2.40. Sandstorm Gold Ltd has a twelve month low of $5.33 and a twelve month high of $11.51. The company's 50 day simple moving average is $10.04 and its 200 day simple moving average is $8.61. The stock has a market cap of $3.31 billion, a price-to-earnings ratio of 94.28 and a beta of 0.52.

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

Sandstorm Gold Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 25th. Stockholders of record on Tuesday, July 15th were given a $0.02 dividend. The ex-dividend date of this dividend was Tuesday, July 15th. This is a boost from Sandstorm Gold's previous quarterly dividend of $0.01. This represents a $0.08 annualized dividend and a dividend yield of 0.7%. Sandstorm Gold's payout ratio is currently 50.00%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on SAND. HC Wainwright upped 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. National Bankshares reaffirmed an "outperform" rating on shares of Sandstorm Gold in a research note on Tuesday, June 24th. Stifel Canada lowered shares of Sandstorm Gold from a "strong-buy" rating to a "hold" rating in a report on Monday, July 21st. Wall Street Zen raised shares of Sandstorm Gold from a "hold" rating to a "buy" rating in a research report on Wednesday, May 21st. Finally, Raymond James Financial set a $9.75 price objective on shares of Sandstorm Gold and gave the company an "outperform" rating in a research report on Wednesday, May 7th. Four investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, Sandstorm Gold has an average rating of "Hold" and an average price target of $10.15.

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.