Sandstorm Gold Ltd. (NYSE:SAND) Shares Bought by Two Sigma Investments LP

Two Sigma Investments LP increased its position in shares of Sandstorm Gold Ltd. (NYSE:SAND - Free Report) by 122.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,930,051 shares of the company's stock after buying an additional 1,060,727 shares during the period. Two Sigma Investments LP owned about 0.65% of Sandstorm Gold worth $10,770,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in SAND. Boston Partners increased its stake in shares of Sandstorm Gold by 39,289.9% during the fourth quarter. Boston Partners now owns 9,812,015 shares of the company's stock worth $54,751,000 after buying an additional 9,787,105 shares during the period. Sprott Inc. increased its stake in shares of Sandstorm Gold by 77.9% during the fourth quarter. Sprott Inc. now owns 4,465,843 shares of the company's stock worth $24,925,000 after buying an additional 1,955,916 shares during the period. Invesco Ltd. increased its stake in shares of Sandstorm Gold by 35.0% during the fourth quarter. Invesco Ltd. now owns 6,522,246 shares of the company's stock worth $36,394,000 after buying an additional 1,691,296 shares during the period. Amundi increased its stake in shares of Sandstorm Gold by 74.9% during the fourth quarter. Amundi now owns 2,890,535 shares of the company's stock worth $16,447,000 after buying an additional 1,238,050 shares during the period. Finally, Arrowstreet Capital Limited Partnership increased its stake in shares of Sandstorm Gold by 935.5% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,330,652 shares of the company's stock worth $7,432,000 after buying an additional 1,202,144 shares during the period. 51.97% of the stock is currently owned by hedge funds and other institutional investors.

Sandstorm Gold Stock Performance

Shares of NYSE SAND traded up $0.07 during mid-day trading on Thursday, hitting $8.99. 1,855,103 shares of the company were exchanged, compared to its average volume of 3,696,973. The company has a quick ratio of 2.29, a current ratio of 1.95 and a debt-to-equity ratio of 0.24. The stock has a 50 day simple moving average of $8.08 and a 200-day simple moving average of $6.66. Sandstorm Gold Ltd. has a 1-year low of $4.92 and a 1-year high of $9.02. The firm has a market cap of $2.63 billion, a price-to-earnings ratio of 179.74 and a beta of 0.48.

Sandstorm Gold (NYSE:SAND - Get Free Report) last released its earnings results on Tuesday, May 6th. The company reported $0.04 EPS for the quarter, missing analysts' consensus estimates of $0.05 by ($0.01). Sandstorm Gold had a net margin of 8.11% and a return on equity of 0.98%. The business had revenue of $50.10 million during the quarter, compared to analyst estimates of $71.61 million. On average, sell-side analysts forecast that Sandstorm Gold Ltd. will post 0.18 EPS for the current fiscal year.

Sandstorm Gold Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 25th. Shareholders of record on Monday, April 14th were issued a $0.014 dividend. This represents a $0.06 dividend on an annualized basis and a yield of 0.62%. The ex-dividend date was Monday, April 14th. Sandstorm Gold's dividend payout ratio (DPR) is currently 50.00%.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Scotiabank increased their price target on shares of Sandstorm Gold from $7.25 to $8.25 and gave the company a "sector perform" rating in a research note on Monday, April 14th. Royal Bank of Canada increased their price target on shares of Sandstorm Gold from $6.50 to $7.00 and gave the company an "outperform" rating in a research note on Friday, April 4th. HC Wainwright increased their price target on shares of Sandstorm Gold from $11.50 to $11.75 and gave the company a "buy" rating in a research note on Thursday, May 8th. Raymond James set a $9.75 target price on shares of Sandstorm Gold and gave the stock an "outperform" rating in a research report on Wednesday, May 7th. Finally, Wall Street Zen upgraded shares of Sandstorm Gold from a "hold" rating to a "buy" rating in a research report on Wednesday, May 21st. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $9.25.

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.