Trexquant Investment LP Has $5.90 Million Stock Holdings in Sandstorm Gold Ltd $SAND

Key Points

• Trexquant Investment LP increased its stake in Sandstorm Gold Ltd by 18.1%, owning 781,562 shares valued at approximately $5.9 million after purchasing an additional 119,504 shares.
• Sandstorm Gold announced a quarterly dividend increase from $0.01 to $0.02 per share, with a new annualized dividend yield of 0.7%.
• Research analysts show mixed ratings for Sandstorm Gold, with four ratings as Buy, two as Hold, and one as Sell, resulting in a consensus rating of "Hold" and an average target price of $10.15.

Trexquant Investment LP grew its position in Sandstorm Gold Ltd (NYSE:SAND - Free Report) by 18.1% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 781,562 shares of the company's stock after acquiring an additional 119,504 shares during the period. Trexquant Investment LP owned 0.27% of Sandstorm Gold worth $5,901,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of SAND. Wellington Management Group LLP bought a new position in shares of Sandstorm Gold in the first quarter valued at approximately $15,617,000. Two Sigma Advisers LP raised its stake in shares of Sandstorm Gold by 580.6% in the fourth quarter. Two Sigma Advisers LP now owns 2,314,684 shares of the company's stock valued at $12,916,000 after acquiring an additional 1,974,600 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec bought a new position in shares of Sandstorm Gold in the first quarter valued at approximately $12,729,000. Boston Partners raised its stake in shares of Sandstorm Gold by 15.9% in the first quarter. Boston Partners now owns 11,374,157 shares of the company's stock valued at $85,875,000 after acquiring an additional 1,562,142 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Sandstorm Gold in the first quarter valued at approximately $8,692,000. Institutional investors own 51.97% of the company's stock.

Sandstorm Gold Trading Down 1.0%

SAND traded down $0.12 during trading on Wednesday, reaching $11.24. 5,436,560 shares of the company's stock were exchanged, compared to its average volume of 5,180,615. The company's fifty day moving average price is $10.08 and its 200-day moving average price is $8.63. The company has a debt-to-equity ratio of 0.22, a quick ratio of 2.40 and a current ratio of 2.40. Sandstorm Gold Ltd has a fifty-two week low of $5.33 and a fifty-two week high of $11.51. The firm has a market capitalization of $3.29 billion, a PE ratio of 93.63 and a beta of 0.52.

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

Sandstorm Gold Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 25th. Shareholders of record on Tuesday, July 15th were issued a dividend of $0.02 per share. The ex-dividend date of this dividend was Tuesday, July 15th. This represents a $0.08 dividend on an annualized basis and a yield of 0.7%. This is a boost from Sandstorm Gold's previous quarterly dividend of $0.01. Sandstorm Gold's dividend payout ratio (DPR) is presently 50.00%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on SAND shares. Stifel Canada cut shares of Sandstorm Gold from a "strong-buy" rating to a "hold" rating in a research note on Monday, July 21st. National Bankshares reiterated an "outperform" rating on shares of Sandstorm Gold in a research note on Tuesday, June 24th. Wall Street Zen raised shares of Sandstorm Gold from a "hold" rating to a "buy" rating in a report on Wednesday, May 21st. TD Securities lowered shares of Sandstorm Gold from a "buy" rating to a "sell" rating and set a $14.00 price target for the company. in a report on Thursday, July 10th. Finally, Raymond James Financial set a $9.75 price target on shares of Sandstorm Gold and gave the company an "outperform" rating in a report on Wednesday, May 7th. Four equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, Sandstorm Gold currently has an average rating of "Hold" and a consensus 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.