Quantbot Technologies LP Sells 57,854 Shares of Sandstorm Gold Ltd $SAND

Key Points

• Quantbot Technologies LP has reduced its position in Sandstorm Gold Ltd by 50.1%, holding 57,684 shares worth approximately $436,000 after selling 57,854 shares in the first quarter.
• Sandstorm Gold has announced an increase in its quarterly dividend to $0.02, up from the previous $0.01, reflecting a 0.7% yield based on an annualized payout ratio of 50%.
• The stock is currently rated as a "Hold" by several analysts, with a consensus target price of $10.15, and has experienced a 2.5% increase in share price.

Quantbot Technologies LP cut its position in shares of Sandstorm Gold Ltd (NYSE:SAND - Free Report) by 50.1% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 57,684 shares of the company's stock after selling 57,854 shares during the period. Quantbot Technologies LP's holdings in Sandstorm Gold were worth $436,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Cantor Fitzgerald L. P. acquired a new stake in Sandstorm Gold in the 4th quarter valued at $56,000. Fiduciary Trust Co acquired a new stake in Sandstorm Gold in the 4th quarter valued at $86,000. United Advisor Group LLC acquired a new stake in Sandstorm Gold in the 1st quarter valued at $118,000. Bank of New York Mellon Corp boosted its stake in Sandstorm Gold by 43.8% in the 1st quarter. Bank of New York Mellon Corp now owns 19,989 shares of the company's stock valued at $151,000 after buying an additional 6,092 shares in the last quarter. Finally, Captrust Financial Advisors acquired a new stake in Sandstorm Gold in the 4th quarter valued at $153,000. 51.97% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

SAND has been the topic of several recent analyst reports. National Bankshares reaffirmed an "outperform" rating on shares of Sandstorm Gold in a research note on Tuesday, June 24th. HC Wainwright boosted 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. Wall Street Zen raised Sandstorm Gold from a "hold" rating to a "buy" rating in a research note on Wednesday, May 21st. Stifel Canada lowered Sandstorm Gold from a "strong-buy" rating to a "hold" rating in a research note on Monday, July 21st. Finally, TD Securities lowered Sandstorm Gold from a "buy" rating to a "sell" rating and set a $14.00 price objective on the stock. in a research note on Thursday, July 10th. Four investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, Sandstorm Gold has an average rating of "Hold" and a consensus target price of $10.15.

Sandstorm Gold Trading Up 1.9%

Shares of SAND traded up $0.21 during trading hours on Friday, hitting $11.18. 4,425,389 shares of the stock traded hands, compared to its average volume of 5,577,941. The company has a current ratio of 2.40, a quick ratio of 2.40 and a debt-to-equity ratio of 0.22. Sandstorm Gold Ltd has a 1-year low of $5.33 and a 1-year high of $11.21. The firm has a market capitalization of $3.28 billion, a PE ratio of 93.13 and a beta of 0.47. The business has a fifty day moving average of $9.96 and a 200-day moving average of $8.53.

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, meeting the consensus estimate 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. Analysts expect that Sandstorm Gold Ltd will post 0.18 EPS for the current year.

Sandstorm Gold Increases Dividend

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