210,400 Shares in Sandstorm Gold Ltd. (NYSE:SAND) Purchased by PKO Investment Management Joint Stock Co

PKO Investment Management Joint Stock Co acquired a new position in shares of Sandstorm Gold Ltd. (NYSE:SAND - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 210,400 shares of the company's stock, valued at approximately $1,177,000. PKO Investment Management Joint Stock Co owned about 0.07% of Sandstorm Gold as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the stock. Pullen Investment Management LLC lifted its holdings in 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 acquiring an additional 55,459 shares during the last quarter. Mackenzie Financial Corp boosted its position in Sandstorm Gold by 3.9% during the 4th quarter. Mackenzie Financial Corp now owns 127,166 shares of the company's stock valued at $711,000 after purchasing an additional 4,792 shares during the period. Vident Advisory LLC grew its stake in Sandstorm Gold by 4.5% during the 4th quarter. Vident Advisory LLC now owns 140,760 shares of the company's stock worth $785,000 after buying an additional 6,100 shares during the last quarter. Two Sigma Advisers LP increased its position in Sandstorm Gold by 580.6% in the fourth quarter. Two Sigma Advisers LP now owns 2,314,684 shares of the company's stock worth $12,916,000 after buying an additional 1,974,600 shares during the period. Finally, Two Sigma Investments LP lifted its stake in Sandstorm Gold by 122.0% in the fourth quarter. Two Sigma Investments LP now owns 1,930,051 shares of the company's stock valued at $10,770,000 after buying an additional 1,060,727 shares during the last quarter. Institutional investors and hedge funds own 51.97% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on SAND shares. Raymond James set a $9.75 price objective on shares of Sandstorm Gold and gave the stock an "outperform" rating in a report on Wednesday, May 7th. Scotiabank increased their price objective on Sandstorm Gold from $7.25 to $8.25 and gave the stock a "sector perform" rating in a report on Monday, April 14th. Wall Street Zen raised Sandstorm Gold from a "hold" rating to a "buy" rating in a research note on Wednesday, May 21st. HC Wainwright increased their price target on Sandstorm Gold from $11.50 to $11.75 and gave the stock a "buy" rating in a research note on Thursday, May 8th. Finally, Royal Bank of Canada lifted their price objective on shares of Sandstorm Gold from $6.50 to $7.00 and gave the company an "outperform" rating in a research note on Friday, April 4th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $9.25.

Sandstorm Gold Price Performance

Shares of Sandstorm Gold stock traded down $0.05 during trading on Friday, hitting $8.84. The stock had a trading volume of 4,651,604 shares, compared to its average volume of 3,731,527. The business has a fifty day moving average of $8.12 and a two-hundred day moving average of $6.68. Sandstorm Gold Ltd. has a fifty-two week low of $4.92 and a fifty-two week high of $9.03. The firm has a market cap of $2.59 billion, a P/E ratio of 176.84 and a beta of 0.48. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.95 and a quick ratio of 2.29.

Sandstorm Gold (NYSE:SAND - Get Free Report) last released its earnings results on Tuesday, May 6th. The company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.05 by ($0.01). The business had revenue of $50.10 million for the quarter, compared to analyst estimates of $71.61 million. Sandstorm Gold had a net margin of 8.11% and a return on equity of 0.98%. On average, sell-side analysts expect that Sandstorm Gold Ltd. will post 0.18 earnings per share for the current fiscal year.

Sandstorm Gold Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 25th. Shareholders of record on Monday, April 14th were issued a dividend of $0.014 per share. The ex-dividend date of this dividend was Monday, April 14th. This represents a $0.06 annualized dividend and a yield of 0.63%. Sandstorm Gold's payout ratio is presently 50.00%.

Sandstorm Gold Company 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.