Wellington Management Group LLP Makes New Investment in Sandstorm Gold Ltd $SAND

Key Points

• Wellington Management Group LLP has invested approximately $15.6 million in Sandstorm Gold Ltd, acquiring 2,072,727 shares in the first quarter.
• Sandstorm Gold recently increased its quarterly dividend from $0.01 to $0.02 per share, marking an annualized yield of 0.7%.
• Institutional investors currently own 51.97% of Sandstorm Gold's stock, indicating significant interest from financial institutions.

Wellington Management Group LLP bought a new position in Sandstorm Gold Ltd (NYSE:SAND - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 2,072,727 shares of the company's stock, valued at approximately $15,617,000. Wellington Management Group LLP owned approximately 0.71% of Sandstorm Gold at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Two Sigma Advisers LP grew its position in Sandstorm Gold by 580.6% during the fourth quarter. Two Sigma Advisers LP now owns 2,314,684 shares of the company's stock valued at $12,916,000 after buying an additional 1,974,600 shares during the period. Boston Partners grew its position in Sandstorm Gold by 15.9% during the first quarter. Boston Partners now owns 11,374,157 shares of the company's stock valued at $85,875,000 after buying an additional 1,562,142 shares during the period. Connor Clark & Lunn Investment Management Ltd. bought a new position in Sandstorm Gold during the first quarter valued at about $8,692,000. Ruffer LLP bought a new position in Sandstorm Gold during the first quarter valued at about $8,327,000. Finally, Two Sigma Investments LP grew its position in Sandstorm Gold by 122.0% during the fourth quarter. Two Sigma Investments LP now owns 1,930,051 shares of the company's stock valued at $10,770,000 after buying an additional 1,060,727 shares during the period. 51.97% of the stock is owned by hedge funds and other institutional investors.

Sandstorm Gold Stock Performance

Sandstorm Gold stock traded up $0.21 during midday trading on Monday, reaching $11.18. The stock had a trading volume of 4,425,389 shares, compared to its average volume of 5,483,663. Sandstorm Gold Ltd has a 12 month low of $5.33 and a 12 month high of $11.21. The firm's 50-day moving average price is $9.99 and its 200 day moving average price is $8.59. The firm has a market capitalization of $3.28 billion, a PE ratio of 93.13 and a beta of 0.52. The company has a quick ratio of 2.40, a current ratio of 2.40 and a debt-to-equity ratio of 0.22.

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

Sandstorm Gold Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 25th. Shareholders of record on Tuesday, July 15th were paid a $0.02 dividend. The ex-dividend date was Tuesday, July 15th. This represents a $0.08 annualized dividend and a yield of 0.7%. This is an increase from Sandstorm Gold's previous quarterly dividend of $0.01. Sandstorm Gold's dividend payout ratio is 50.00%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on SAND shares. Wall Street Zen upgraded shares of Sandstorm Gold from a "hold" rating to a "buy" rating in a research report on Wednesday, May 21st. 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 report on Thursday, May 8th. TD Securities lowered shares of Sandstorm Gold from a "buy" rating to a "sell" rating and set a $14.00 price target for the company. in a research report on Thursday, July 10th. Stifel Canada cut Sandstorm Gold from a "strong-buy" rating to a "hold" rating in a research note on Monday, July 21st. Finally, Raymond James Financial set a $9.75 price objective on Sandstorm Gold and gave the company an "outperform" rating in a research note on Wednesday, May 7th. Four equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $10.15.

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.