Two Sigma Advisers LP increased its stake in shares of Sandstorm Gold Ltd. (NYSE:SAND - Free Report) by 580.6% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 2,314,684 shares of the company's stock after purchasing an additional 1,974,600 shares during the period. Two Sigma Advisers LP owned 0.78% of Sandstorm Gold worth $12,916,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. Sprott Inc. raised its holdings in shares of Sandstorm Gold by 77.9% in the 4th quarter. Sprott Inc. now owns 4,465,843 shares of the company's stock valued at $24,925,000 after acquiring an additional 1,955,916 shares in the last quarter. Barclays PLC raised its holdings in shares of Sandstorm Gold by 6.4% in the 3rd quarter. Barclays PLC now owns 399,854 shares of the company's stock valued at $2,400,000 after acquiring an additional 23,947 shares in the last quarter. Swiss National Bank raised its holdings in shares of Sandstorm Gold by 0.6% in the 4th quarter. Swiss National Bank now owns 501,762 shares of the company's stock valued at $2,805,000 after acquiring an additional 3,000 shares in the last quarter. Deutsche Bank AG raised its holdings in shares of Sandstorm Gold by 4.1% in the 4th quarter. Deutsche Bank AG now owns 552,995 shares of the company's stock valued at $3,086,000 after acquiring an additional 21,858 shares in the last quarter. Finally, Louisbourg Investments Inc. raised its holdings in shares of Sandstorm Gold by 17.4% in the 4th quarter. Louisbourg Investments Inc. now owns 728,182 shares of the company's stock valued at $4,071,000 after acquiring an additional 108,000 shares in the last quarter. Hedge funds and other institutional investors own 51.97% of the company's stock.
Sandstorm Gold Trading Down 0.2%
SAND traded down $0.02 on Wednesday, hitting $8.76. 854,436 shares of the company were exchanged, compared to its average volume of 3,675,682. The firm has a fifty day simple moving average of $8.04 and a two-hundred day simple moving average of $6.64. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.29 and a current ratio of 1.95. Sandstorm Gold Ltd. has a 12 month low of $4.92 and a 12 month high of $8.91. The stock has a market capitalization of $2.57 billion, a PE ratio of 175.20 and a beta of 0.48.
Sandstorm Gold (NYSE:SAND - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.01). Sandstorm Gold had a return on equity of 0.98% and a net margin of 8.11%. The company had revenue of $50.10 million for the quarter, compared to the consensus estimate of $71.61 million. Sell-side analysts expect that Sandstorm Gold Ltd. will post 0.18 earnings per share for the current year.
Sandstorm Gold Cuts Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, April 25th. Investors of record on Monday, April 14th were given a dividend of $0.014 per share. The ex-dividend date of this dividend was Monday, April 14th. This represents a $0.06 annualized dividend and a yield of 0.64%. Sandstorm Gold's payout ratio is 50.00%.
Analyst Ratings Changes
Several research firms have weighed in on SAND. Wall Street Zen raised Sandstorm Gold from a "hold" rating to a "buy" rating in a report on Wednesday, May 21st. HC Wainwright increased their price objective on Sandstorm Gold from $11.50 to $11.75 and gave the company a "buy" rating in a research report on Thursday, May 8th. Royal Bank of Canada increased their price objective on Sandstorm Gold from $6.50 to $7.00 and gave the company an "outperform" rating in a research report on Friday, April 4th. Raymond James set a $9.75 price objective on Sandstorm Gold and gave the company an "outperform" rating in a research report on Wednesday, May 7th. Finally, Scotiabank increased their price objective on Sandstorm Gold from $7.25 to $8.25 and gave the company a "sector perform" rating in a research report on Monday, April 14th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $9.25.
Check Out Our Latest 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.
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