U S Global Investors Inc. Reduces Stock Position in Sandstorm Gold Ltd (NYSE:SAND)

U S Global Investors Inc. lowered its stake in Sandstorm Gold Ltd (NYSE:SAND - Free Report) by 3.9% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 873,898 shares of the company's stock after selling 35,851 shares during the quarter. Sandstorm Gold accounts for 0.9% of U S Global Investors Inc.'s portfolio, making the stock its 26th biggest position. U S Global Investors Inc. owned 0.30% of Sandstorm Gold worth $6,598,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in the stock. Cantor Fitzgerald L. P. bought a new stake in shares of Sandstorm Gold in the 4th quarter worth approximately $56,000. Lifeworks Advisors LLC purchased a new stake in Sandstorm Gold in the fourth quarter worth $57,000. Bank of New York Mellon Corp boosted its holdings in Sandstorm Gold by 21.0% in the fourth quarter. Bank of New York Mellon Corp now owns 13,897 shares of the company's stock valued at $78,000 after acquiring an additional 2,416 shares in the last quarter. Fiduciary Trust Co purchased a new position in Sandstorm Gold during the 4th quarter valued at $86,000. Finally, Oppenheimer Asset Management Inc. bought a new position in Sandstorm Gold in the 4th quarter worth $93,000. Hedge funds and other institutional investors own 51.97% of the company's stock.

Sandstorm Gold Stock Down 0.3%

Shares of SAND traded down $0.03 during trading hours on Tuesday, hitting $9.37. The company had a trading volume of 3,019,796 shares, compared to its average volume of 3,969,571. The stock has a market capitalization of $2.75 billion, a price-to-earnings ratio of 93.71 and a beta of 0.46. The firm has a fifty day moving average price of $8.82 and a 200-day moving average price of $7.24. Sandstorm Gold Ltd has a 52-week low of $4.92 and a 52-week high of $9.68. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.77 and a current ratio of 1.77.

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

Sandstorm Gold Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 25th. Shareholders of record on Tuesday, July 15th will be paid a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a yield of 0.85%. This is an increase from Sandstorm Gold's previous quarterly dividend of $0.01. The ex-dividend date is Tuesday, July 15th. Sandstorm Gold's dividend payout ratio (DPR) is currently 60.00%.

Wall Street Analyst Weigh In

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

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.