TD Asset Management Inc Raises Stock Position in Sandstorm Gold Ltd $SAND

Key Points

• TD Asset Management Inc has increased its stake in Sandstorm Gold Ltd by 16.6%, acquiring an additional 119,064 shares in the second quarter, bringing its total ownership to approximately 0.29% of the company.
• Several hedge funds have actively adjusted their positions in Sandstorm Gold, with some reporting increases of up to 62.0% in their stock holdings.
• The latest analyst ratings for Sandstorm Gold include a mix of Buy, Hold, and Sell, with an average target price of $10.15 indicating a cautious outlook.

TD Asset Management Inc raised its stake in shares of Sandstorm Gold Ltd (NYSE:SAND - Free Report) by 16.6% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 836,348 shares of the company's stock after purchasing an additional 119,064 shares during the quarter. TD Asset Management Inc owned approximately 0.29% of Sandstorm Gold worth $7,852,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in SAND. PFG Investments LLC increased its position in Sandstorm Gold by 8.8% during the 1st quarter. PFG Investments LLC now owns 34,979 shares of the company's stock valued at $264,000 after purchasing an additional 2,829 shares during the period. Intact Investment Management Inc. increased its position in Sandstorm Gold by 10.3% during the 1st quarter. Intact Investment Management Inc. now owns 298,000 shares of the company's stock valued at $2,245,000 after purchasing an additional 27,800 shares during the period. Cambridge Investment Research Advisors Inc. increased its position in Sandstorm Gold by 14.7% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 61,184 shares of the company's stock valued at $462,000 after purchasing an additional 7,838 shares during the period. Oppenheimer Asset Management Inc. increased its position in Sandstorm Gold by 62.0% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 26,916 shares of the company's stock valued at $203,000 after purchasing an additional 10,302 shares during the period. Finally, Money Concepts Capital Corp increased its position in Sandstorm Gold by 0.9% during the 1st quarter. Money Concepts Capital Corp now owns 179,107 shares of the company's stock valued at $1,352,000 after purchasing an additional 1,608 shares during the period. 51.97% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. Stifel Canada cut shares of Sandstorm Gold from a "strong-buy" rating to a "hold" rating in a report on Monday, July 21st. Weiss Ratings restated a "hold (c+)" rating on shares of Sandstorm Gold in a report on Tuesday, October 14th. National Bankshares restated an "outperform" rating on shares of Sandstorm Gold in a report on Tuesday, June 24th. Finally, TD Securities cut shares of Sandstorm Gold from a "buy" rating to a "sell" rating and set a $14.00 target price on the stock. in a report on Thursday, July 10th. Four investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Sandstorm Gold presently has an average rating of "Hold" and an average target price of $10.15.

Sandstorm Gold Stock Performance

Shares of Sandstorm Gold stock opened at $12.14 on Monday. 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 stock has a market cap of $3.58 billion, a price-to-earnings ratio of 101.17 and a beta of 0.51. The firm's 50-day moving average is $11.64 and its 200 day moving average is $9.87. Sandstorm Gold Ltd has a 1 year low of $5.33 and a 1 year high of $13.09.

Sandstorm Gold (NYSE:SAND - Get Free Report) last posted its earnings results on Thursday, August 7th. The company reported $0.05 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.05. The business had revenue of $51.42 million for the quarter, compared to analysts' expectations of $68.43 million. Sandstorm Gold had a net margin of 17.78% and a return on equity of 2.38%. Sell-side analysts anticipate that Sandstorm Gold Ltd will post 0.18 EPS for the current fiscal year.

Sandstorm Gold Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 7th. Shareholders of record on Friday, September 26th were paid a dividend of $0.02 per share. The ex-dividend date was Friday, September 26th. This represents a $0.08 annualized dividend and a yield of 0.7%. Sandstorm Gold's dividend payout ratio is currently 50.00%.

About Sandstorm Gold

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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