Ruffer LLP cut its stake in Sandstorm Gold Ltd (NYSE:SAND - Free Report) by 81.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 210,090 shares of the company's stock after selling 892,860 shares during the period. Ruffer LLP owned approximately 0.07% of Sandstorm Gold worth $1,975,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also made changes to their positions in the stock. Wellington Management Group LLP bought a new stake in Sandstorm Gold during the first quarter worth approximately $15,617,000. Millennium Management LLC lifted its position in Sandstorm Gold by 731.7% in the 1st quarter. Millennium Management LLC now owns 2,032,823 shares of the company's stock worth $15,348,000 after buying an additional 1,788,404 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec purchased a new stake in Sandstorm Gold in the 1st quarter worth approximately $12,729,000. Boston Partners lifted its position in Sandstorm Gold by 15.9% in the 1st quarter. Boston Partners now owns 11,374,157 shares of the company's stock worth $85,875,000 after buying an additional 1,562,142 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Sandstorm Gold during the 1st quarter valued at $8,692,000. 51.97% of the stock is currently owned by institutional investors.
Sandstorm Gold Stock Performance
NYSE SAND opened at $11.78 on Thursday. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.40 and a quick ratio of 2.40. The firm has a market capitalization of $3.47 billion, a price-to-earnings ratio of 98.13 and a beta of 0.52. The company's fifty day moving average is $10.71 and its two-hundred day moving average is $9.20. Sandstorm Gold Ltd has a 52-week low of $5.33 and a 52-week high of $12.19.
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 analysts' consensus estimates 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%. Equities research analysts forecast that Sandstorm Gold Ltd will post 0.18 EPS for the current year.
Sandstorm Gold Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 7th. Shareholders of record on Friday, September 26th will be paid a $0.02 dividend. The ex-dividend date of this dividend is Friday, September 26th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.7%. Sandstorm Gold's payout ratio is currently 41.67%.
Wall Street Analyst Weigh In
A number of research analysts have recently weighed in on SAND shares. National Bankshares restated an "outperform" rating on shares of Sandstorm Gold in a 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 price target on the stock. in a report on Thursday, July 10th. Finally, Stifel Canada downgraded shares of Sandstorm Gold from a "strong-buy" rating to a "hold" rating in a report on Monday, July 21st. Four analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Sandstorm Gold has an average rating of "Hold" and a consensus price target of $10.15.
Read Our Latest Research Report on Sandstorm Gold
Sandstorm Gold 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.
Further Reading
Want to see what other hedge funds are holding SAND? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sandstorm Gold Ltd (NYSE:SAND - Free Report).
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