U S Global Investors Inc. Sells 174,151 Shares of Sandstorm Gold Ltd $SAND

Key Points

• U.S. Global Investors Inc. reduced its stake in Sandstorm Gold by 19.9%, selling 174,151 shares in the second quarter, leaving them with 699,747 shares worth approximately $6.58 million.
• Other institutional investors, including Boston Partners and Millennium Management, have increased their holdings, with Millennium reporting a substantial 731.7% increase during the same period.
• Analysts have mixed opinions on Sandstorm Gold, with ratings ranging from “buy” to “sell”, and an average target price set at $10.15.

U S Global Investors Inc. decreased its holdings in Sandstorm Gold Ltd (NYSE:SAND - Free Report) by 19.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 699,747 shares of the company's stock after selling 174,151 shares during the period. Sandstorm Gold accounts for approximately 0.8% of U S Global Investors Inc.'s holdings, making the stock its 26th biggest holding. U S Global Investors Inc. owned 0.24% of Sandstorm Gold worth $6,578,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. Boston Partners lifted its holdings in shares of Sandstorm Gold by 15.9% in the 1st quarter. Boston Partners now owns 11,374,157 shares of the company's stock valued at $85,875,000 after acquiring an additional 1,562,142 shares during the last quarter. Invesco Ltd. lifted its holdings in shares of Sandstorm Gold by 3.6% in the 1st quarter. Invesco Ltd. now owns 6,760,201 shares of the company's stock valued at $51,040,000 after acquiring an additional 237,955 shares during the last quarter. Sprott Inc. lifted its holdings in shares of Sandstorm Gold by 18.3% in the 1st quarter. Sprott Inc. now owns 5,281,973 shares of the company's stock valued at $39,880,000 after acquiring an additional 816,130 shares during the last quarter. Wellington Management Group LLP bought a new position in shares of Sandstorm Gold in the 1st quarter valued at about $15,617,000. Finally, Millennium Management LLC lifted its holdings in shares of Sandstorm Gold by 731.7% in the 1st quarter. Millennium Management LLC now owns 2,032,823 shares of the company's stock valued at $15,348,000 after acquiring an additional 1,788,404 shares during the last quarter. Institutional investors own 51.97% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on SAND. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Sandstorm Gold in a report on Saturday, September 27th. National Bankshares reissued an "outperform" rating on shares of Sandstorm Gold in a research note 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 objective for the company. in a research note on Thursday, July 10th. Finally, Stifel Canada downgraded shares of Sandstorm Gold from a "strong-buy" rating to a "hold" rating in a research note on Monday, July 21st. Four equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Sandstorm Gold currently has an average rating of "Hold" and a consensus target price of $10.15.

Sandstorm Gold Stock Performance

Shares of NYSE:SAND opened at $12.12 on Friday. The firm has a market cap of $3.57 billion, a PE ratio of 101.00 and a beta of 0.51. The firm's 50 day simple moving average is $11.39 and its 200-day simple moving average is $9.67. Sandstorm Gold Ltd has a one year low of $5.33 and a one year high of $12.90. The company has a debt-to-equity ratio of 0.22, a quick ratio of 2.40 and a current ratio of 2.40.

Sandstorm Gold (NYSE:SAND - Get Free Report) last issued its earnings results on Thursday, August 7th. The company reported $0.05 EPS for the quarter, hitting analysts' consensus estimates of $0.05. The business had revenue of $51.42 million for the quarter, compared to analyst estimates of $68.43 million. Sandstorm Gold had a net margin of 17.78% and a return on equity of 2.38%. As a group, equities analysts predict that Sandstorm Gold Ltd will post 0.18 EPS for the current year.

Sandstorm Gold Announces Dividend

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