Two Sigma Investments LP Purchases 1,060,727 Shares of Sandstorm Gold Ltd. (NYSE:SAND)

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

A number of other hedge funds also recently made changes to their positions in SAND. Cantor Fitzgerald L. P. bought a new position in shares of Sandstorm Gold during the 4th quarter worth approximately $56,000. Lifeworks Advisors LLC acquired a new position in shares of Sandstorm Gold during the fourth quarter worth approximately $57,000. Meixler Investment Management Ltd. acquired a new stake in shares of Sandstorm Gold in the fourth quarter valued at approximately $66,000. Bank of New York Mellon Corp boosted its position in Sandstorm Gold by 21.0% in the 4th quarter. Bank of New York Mellon Corp now owns 13,897 shares of the company's stock valued at $78,000 after buying an additional 2,416 shares during the last quarter. Finally, Fiduciary Trust Co acquired a new position in shares of Sandstorm Gold during the fourth quarter valued at $86,000. Institutional investors and hedge funds own 51.97% of the company's stock.

Analyst Ratings Changes

A number of brokerages have issued reports on SAND. Royal Bank of Canada raised their price objective 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. Raymond James set a $9.75 price objective on Sandstorm Gold and gave the stock an "outperform" rating in a research note on Wednesday, May 7th. HC Wainwright lifted 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. Scotiabank lifted their price target on Sandstorm Gold from $7.25 to $8.25 and gave the company a "sector perform" rating in a research note on Monday, April 14th. Finally, Wall Street Zen raised Sandstorm Gold from a "hold" rating to a "buy" rating in a research report on Wednesday, May 21st. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, Sandstorm Gold currently has an average rating of "Moderate Buy" and an average target price of $9.25.

Sandstorm Gold Stock Up 0.2%

SAND traded up $0.02 during trading on Tuesday, reaching $8.77. 3,337,188 shares of the stock were exchanged, compared to its average volume of 3,685,562. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.29 and a current ratio of 1.95. The stock's 50 day moving average price is $8.00 and its two-hundred day moving average price is $6.63. Sandstorm Gold Ltd. has a twelve month low of $4.92 and a twelve month high of $8.91. The stock has a market cap of $2.57 billion, a P/E ratio of 175.44 and a beta of 0.48.

Sandstorm Gold (NYSE:SAND - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.01). The firm had revenue of $50.10 million for the quarter, compared to analyst estimates of $71.61 million. Sandstorm Gold had a return on equity of 0.98% and a net margin of 8.11%. Equities analysts expect that Sandstorm Gold Ltd. will post 0.18 EPS for the current year.

Sandstorm Gold Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 25th. Shareholders of record on Monday, April 14th were issued a dividend of $0.014 per share. This represents a $0.06 annualized dividend and a yield of 0.64%. The ex-dividend date was Monday, April 14th. Sandstorm Gold's dividend payout ratio is 50.00%.

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.