TD Asset Management Inc Increases Position in Sandstorm Gold Ltd (NYSE:SAND)

Key Points

• TD Asset Management Inc increased their stake in Sandstorm Gold Ltd by 4.2%, now owning 0.24% of the company, valued at approximately $5.4 million.
• Sandstorm Gold has a consensus rating of "Moderate Buy" from analysts, with an average price target of $10.15.
• The company recently announced an increased quarterly dividend of $0.02 per share, up from $0.01, representing an annual yield of 0.8%.

TD Asset Management Inc raised its stake in Sandstorm Gold Ltd (NYSE:SAND - Free Report) by 4.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 717,284 shares of the company's stock after buying an additional 29,015 shares during the period. TD Asset Management Inc owned about 0.24% of Sandstorm Gold worth $5,402,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Cantor Fitzgerald L. P. acquired a new stake in Sandstorm Gold in the fourth quarter worth $56,000. Fiduciary Trust Co acquired a new position in shares of Sandstorm Gold during the fourth quarter worth approximately $86,000. Rossby Financial LCC acquired a new stake in Sandstorm Gold in the 4th quarter valued at $112,000. United Advisor Group LLC acquired a new position in Sandstorm Gold during the first quarter worth $118,000. Finally, Commonwealth Equity Services LLC grew its holdings in shares of Sandstorm Gold by 28.5% during the fourth quarter. Commonwealth Equity Services LLC now owns 21,736 shares of the company's stock valued at $121,000 after buying an additional 4,817 shares during the last quarter. 51.97% of the stock is currently owned by institutional investors.

Sandstorm Gold Stock Performance

Shares of NYSE SAND traded up $0.22 during mid-day trading on Monday, hitting $9.65. The company had a trading volume of 6,060,735 shares, compared to its average volume of 5,971,270. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 0.24. Sandstorm Gold Ltd has a 1 year low of $4.92 and a 1 year high of $10.44. The company has a market capitalization of $2.83 billion, a price-to-earnings ratio of 96.46 and a beta of 0.47. The stock's 50-day moving average price is $9.38 and its 200-day moving average price is $7.92.

Sandstorm Gold (NYSE:SAND - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The company reported $0.04 EPS for the quarter, missing analysts' consensus estimates of $0.05 by ($0.01). Sandstorm Gold had a net margin of 15.80% and a return on equity of 2.00%. The firm had revenue of $50.10 million during the quarter, compared to the consensus estimate of $71.61 million. On average, sell-side analysts forecast that Sandstorm Gold Ltd will post 0.18 earnings per share for the current year.

Sandstorm Gold Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 25th. Stockholders of record on Tuesday, July 15th were given a dividend of $0.02 per share. This is a boost from Sandstorm Gold's previous quarterly dividend of $0.01. The ex-dividend date was Tuesday, July 15th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.8%. Sandstorm Gold's dividend payout ratio is 50.00%.

Analysts Set New Price Targets

A number of research firms have issued reports on SAND. Scotiabank lifted their price objective on shares of Sandstorm Gold from $7.25 to $8.25 and gave the stock a "sector perform" rating in a report on Monday, April 14th. Stifel Canada lowered Sandstorm Gold from a "strong-buy" rating to a "hold" rating in a research report on Monday, July 21st. Raymond James Financial set a $9.75 target price on Sandstorm Gold and gave the stock an "outperform" rating in a research note on Wednesday, May 7th. HC Wainwright increased their price target on shares of Sandstorm Gold from $11.50 to $11.75 and gave the company a "buy" rating in a research report on Thursday, May 8th. Finally, TD Securities lowered Sandstorm Gold from a "buy" rating to a "sell" rating and set a $14.00 target price on the stock. in a research note on Thursday, July 10th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus 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.