Plancorp LLC Grows Position in Sandstorm Gold Ltd $SAND

Key Points

• Plancorp LLC increased its holdings in Sandstorm Gold Ltd (NYSE:SAND) by 58.1% during Q2, owning 90,364 shares valued at approximately $849,000.
• Sandstorm Gold recently declared a $0.02 per share quarterly dividend, with a total annualized dividend yield of 0.7%.
• The stock currently has an average rating of "Hold" from analysts, with a target price of approximately $10.15.

Plancorp LLC increased its position in shares of Sandstorm Gold Ltd (NYSE:SAND - Free Report) by 58.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 90,364 shares of the company's stock after acquiring an additional 33,222 shares during the quarter. Plancorp LLC's holdings in Sandstorm Gold were worth $849,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Farther Finance Advisors LLC boosted its position 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 valued at $29,000 after acquiring an additional 2,000 shares during the last quarter. Venture Visionary Partners LLC acquired a new position in shares of Sandstorm Gold during the 1st quarter valued at about $91,000. United Advisor Group LLC acquired a new position in shares of Sandstorm Gold during the 1st quarter valued at about $118,000. FORA Capital LLC acquired a new position in shares of Sandstorm Gold during the 1st quarter valued at about $121,000. Finally, Bank of New York Mellon Corp boosted its position in shares of Sandstorm Gold by 43.8% during the 1st quarter. Bank of New York Mellon Corp now owns 19,989 shares of the company's stock valued at $151,000 after acquiring an additional 6,092 shares during the last quarter. Institutional investors and hedge funds own 51.97% of the company's stock.

Sandstorm Gold Trading Up 1.9%

NYSE SAND opened at $12.02 on Friday. The firm's 50-day moving average is $10.76 and its two-hundred day moving average is $9.24. Sandstorm Gold Ltd has a 12 month low of $5.33 and a 12 month high of $12.19. 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 has a market capitalization of $3.54 billion, a P/E ratio of 100.13 and a beta of 0.52.

Sandstorm Gold (NYSE:SAND - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The company reported $0.05 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates 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 net margin of 17.78% and a return on equity of 2.38%. On average, sell-side analysts anticipate that Sandstorm Gold Ltd will post 0.18 earnings per share for the current year.

Sandstorm Gold Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 7th. Shareholders of record on Friday, September 26th will be paid a dividend of $0.02 per share. The ex-dividend date is Friday, September 26th. This represents a $0.08 dividend on an annualized basis and a yield of 0.7%. Sandstorm Gold's dividend payout ratio is 50.00%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. TD Securities cut shares of Sandstorm Gold from a "buy" rating to a "sell" rating and set a $14.00 price target on the stock. in a research report on Thursday, July 10th. Stifel Canada cut shares of Sandstorm Gold from a "strong-buy" rating to a "hold" rating in a research report on Monday, July 21st. Finally, National Bankshares reaffirmed an "outperform" rating on shares of Sandstorm Gold in a research report on Tuesday, June 24th. Four research 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. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $10.15.

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.

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