PKO Investment Management Joint Stock Co bought a new stake in Sandstorm Gold Ltd. (NYSE:SAND - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 210,400 shares of the company's stock, valued at approximately $1,177,000. PKO Investment Management Joint Stock Co owned 0.07% of Sandstorm Gold as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors also recently bought and sold shares of the company. Pullen Investment Management LLC raised its stake in shares of Sandstorm Gold by 44.2% in the fourth quarter. Pullen Investment Management LLC now owns 180,819 shares of the company's stock worth $1,009,000 after buying an additional 55,459 shares during the period. Mackenzie Financial Corp grew its position in shares of Sandstorm Gold by 3.9% during the fourth quarter. Mackenzie Financial Corp now owns 127,166 shares of the company's stock worth $711,000 after purchasing an additional 4,792 shares in the last quarter. Vident Advisory LLC grew its position in shares of Sandstorm Gold by 4.5% during the fourth quarter. Vident Advisory LLC now owns 140,760 shares of the company's stock worth $785,000 after purchasing an additional 6,100 shares in the last quarter. Two Sigma Advisers LP grew its position in shares of Sandstorm Gold by 580.6% during the fourth quarter. Two Sigma Advisers LP now owns 2,314,684 shares of the company's stock worth $12,916,000 after purchasing an additional 1,974,600 shares in the last quarter. Finally, Two Sigma Investments LP grew its position in shares of Sandstorm Gold by 122.0% during the fourth quarter. Two Sigma Investments LP now owns 1,930,051 shares of the company's stock worth $10,770,000 after purchasing an additional 1,060,727 shares in the last quarter. Institutional investors own 51.97% of the company's stock.
Analysts Set New Price Targets
Several analysts recently issued reports on SAND shares. Scotiabank increased their target price on Sandstorm Gold from $7.25 to $8.25 and gave the stock a "sector perform" rating in a research report on Monday, April 14th. Royal Bank of Canada increased their target price on Sandstorm Gold from $6.50 to $7.00 and gave the stock an "outperform" rating in a research report on Friday, April 4th. Wall Street Zen upgraded Sandstorm Gold from a "hold" rating to a "buy" rating in a report on Wednesday, May 21st. Raymond James set a $9.75 price target on Sandstorm Gold and gave the company an "outperform" rating in a report on Wednesday, May 7th. Finally, HC Wainwright raised their price target on Sandstorm Gold from $11.50 to $11.75 and gave the company a "buy" rating in a report on Thursday, May 8th. Two 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.com, Sandstorm Gold currently has a consensus rating of "Moderate Buy" and a consensus price target of $9.25.
Check Out Our Latest Stock Report on Sandstorm Gold
Sandstorm Gold Price Performance
NYSE SAND traded down $0.05 during trading on Friday, hitting $8.84. 4,651,604 shares of the stock traded hands, compared to its average volume of 3,733,733. The company has a market capitalization of $2.59 billion, a P/E ratio of 176.84 and a beta of 0.48. The firm has a 50-day simple moving average of $8.15 and a 200-day simple moving average of $6.72. 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 Ltd. has a 12-month low of $4.92 and a 12-month high of $9.03.
Sandstorm Gold (NYSE:SAND - Get Free Report) last announced its earnings results on Tuesday, May 6th. The company reported $0.04 EPS for the quarter, missing analysts' consensus estimates of $0.05 by ($0.01). The company had revenue of $50.10 million during the quarter, compared to analysts' expectations of $71.61 million. Sandstorm Gold had a return on equity of 0.98% and a net margin of 8.11%. As a group, analysts predict that Sandstorm Gold Ltd. will post 0.18 EPS for the current year.
Sandstorm Gold Cuts Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, April 25th. Investors of record on Monday, April 14th were given a $0.014 dividend. The ex-dividend date of this dividend was Monday, April 14th. This represents a $0.06 dividend on an annualized basis and a yield of 0.63%. Sandstorm Gold's dividend payout ratio is presently 50.00%.
About Sandstorm Gold
(
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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