U S Global Investors Inc. lessened its holdings in Sandstorm Gold Ltd (NYSE:SAND - Free Report) by 3.9% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 873,898 shares of the company's stock after selling 35,851 shares during the quarter. Sandstorm Gold accounts for approximately 0.9% of U S Global Investors Inc.'s investment portfolio, making the stock its 26th biggest position. U S Global Investors Inc. owned about 0.30% of Sandstorm Gold worth $6,598,000 at the end of the most recent quarter.
Other institutional investors also recently modified their holdings of the company. Boston Partners lifted its holdings in shares of Sandstorm Gold by 39,289.9% during the 4th quarter. Boston Partners now owns 9,812,015 shares of the company's stock worth $54,751,000 after acquiring an additional 9,787,105 shares during the period. Invesco Ltd. raised its holdings in shares of Sandstorm Gold by 35.0% during the 4th quarter. Invesco Ltd. now owns 6,522,246 shares of the company's stock worth $36,394,000 after buying an additional 1,691,296 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Sandstorm Gold by 22.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 4,974,343 shares of the company's stock worth $27,781,000 after buying an additional 913,527 shares during the last quarter. Amundi grew its position in Sandstorm Gold by 74.9% in the fourth quarter. Amundi now owns 2,890,535 shares of the company's stock valued at $16,447,000 after acquiring an additional 1,238,050 shares during the last quarter. Finally, Bank of Montreal Can raised its stake in Sandstorm Gold by 68.0% during the fourth quarter. Bank of Montreal Can now owns 2,359,258 shares of the company's stock worth $13,179,000 after acquiring an additional 954,564 shares in the last quarter. Institutional investors own 51.97% of the company's stock.
Sandstorm Gold Trading Down 3.1%
SAND stock traded down $0.29 during trading on Friday, hitting $9.03. The company had a trading volume of 3,676,627 shares, compared to its average volume of 3,973,045. The business has a 50-day moving average of $8.80 and a 200-day moving average of $7.20. Sandstorm Gold Ltd has a one year low of $4.92 and a one year high of $9.68. The stock has a market cap of $2.65 billion, a PE ratio of 90.26 and a beta of 0.46. 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 (NYSE:SAND - Get Free Report) last announced 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). Sandstorm Gold had a net margin of 15.80% and a return on equity of 2.00%. The company had revenue of $50.10 million during the quarter, compared to the consensus estimate of $71.61 million. Research analysts predict that Sandstorm Gold Ltd will post 0.18 earnings per share for the current fiscal year.
Sandstorm Gold Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, July 25th. Shareholders of record on Tuesday, July 15th will be paid a $0.02 dividend. The ex-dividend date is Tuesday, July 15th. This is a positive change from Sandstorm Gold's previous quarterly dividend of $0.01. This represents a $0.08 annualized dividend and a yield of 0.89%. Sandstorm Gold's payout ratio is 60.00%.
Wall Street Analyst Weigh In
Several equities research analysts recently issued reports on the stock. Wall Street Zen raised shares of Sandstorm Gold from a "hold" rating to a "buy" rating in a report on Wednesday, May 21st. HC Wainwright boosted their price target on Sandstorm Gold from $11.50 to $11.75 and gave the stock a "buy" rating in a report on Thursday, May 8th. Royal Bank Of Canada boosted their price target on Sandstorm Gold from $6.50 to $7.00 and gave the stock an "outperform" rating in a report on Friday, April 4th. Scotiabank boosted their price target on Sandstorm Gold from $7.25 to $8.25 and gave the stock a "sector perform" rating in a report on Monday, April 14th. Finally, National Bankshares restated an "outperform" rating on shares of Sandstorm Gold in a report on Tuesday, June 24th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $9.25.
Read Our Latest Stock Report on Sandstorm Gold
Sandstorm Gold Company Profile
(
Free Report)
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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