Ancora Advisors LLC Boosts Holdings in Sandstorm Gold Ltd $SAND

Key Points

• Ancora Advisors LLC increased its stake in Sandstorm Gold Ltd by 49.5%, acquiring a total of 597,250 shares, valued at approximately $4.5 million.
• The company increased its quarterly dividend to $0.02, a boost from the previous $0.01, resulting in an annualized yield of 0.7%.
• Sandstorm Gold's shares have experienced a wide trading range over the past year, with a low of $5.33 and a high of $11.51, currently trading at around $11.24.

Ancora Advisors LLC increased its holdings in Sandstorm Gold Ltd (NYSE:SAND - Free Report) by 49.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 597,250 shares of the company's stock after acquiring an additional 197,710 shares during the period. Ancora Advisors LLC owned about 0.20% of Sandstorm Gold worth $4,509,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Cubist Systematic Strategies LLC purchased a new stake in Sandstorm Gold in the 1st quarter valued at about $4,443,000. Royal Bank of Canada increased its stake in Sandstorm Gold by 12.3% in the 1st quarter. Royal Bank of Canada now owns 65,526 shares of the company's stock valued at $494,000 after buying an additional 7,189 shares during the last quarter. Trexquant Investment LP increased its stake in Sandstorm Gold by 18.1% in the 1st quarter. Trexquant Investment LP now owns 781,562 shares of the company's stock valued at $5,901,000 after buying an additional 119,504 shares during the last quarter. FORA Capital LLC bought a new position in shares of Sandstorm Gold during the 1st quarter valued at approximately $121,000. Finally, Caisse DE Depot ET Placement DU Quebec bought a new position in shares of Sandstorm Gold during the 1st quarter valued at approximately $12,729,000. Hedge funds and other institutional investors own 51.97% of the company's stock.

Sandstorm Gold Stock Performance

SAND traded down $0.10 on Tuesday, hitting $11.50. The company's stock had a trading volume of 2,514,085 shares, compared to its average volume of 5,855,275. The company's 50 day simple moving average is $10.21 and its 200-day simple moving average is $8.77. The firm has a market cap of $3.37 billion, a P/E ratio of 95.79 and a beta of 0.52. Sandstorm Gold Ltd has a 12 month low of $5.33 and a 12 month high of $11.69. The company has a quick ratio of 2.40, a current ratio of 2.40 and a debt-to-equity ratio of 0.22.

Sandstorm Gold (NYSE:SAND - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The company reported $0.05 EPS for the quarter, hitting the consensus estimate of $0.05. The company had revenue of $51.42 million during the quarter, compared to the consensus estimate of $68.43 million. Sandstorm Gold had a net margin of 17.78% and a return on equity of 2.38%. Analysts forecast that Sandstorm Gold Ltd will post 0.18 EPS for the current year.

Sandstorm Gold Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 25th. Investors of record on Tuesday, July 15th were issued a $0.02 dividend. 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. This represents a $0.08 annualized dividend and a yield of 0.7%. Sandstorm Gold's payout ratio is 50.00%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on SAND shares. Wall Street Zen raised shares of Sandstorm Gold from a "hold" rating to a "buy" rating in a research report on Wednesday, May 21st. National Bankshares reissued an "outperform" rating on shares of Sandstorm Gold in a research report on Tuesday, June 24th. TD Securities downgraded shares of Sandstorm Gold from a "buy" rating to a "sell" rating and set a $14.00 target price for the company. in a research report on Thursday, July 10th. Finally, Stifel Canada downgraded shares of Sandstorm Gold from a "strong-buy" rating to a "hold" rating in a research report on Monday, July 21st. Four equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price 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.