XTX Topco Ltd lifted its position in Sandstorm Gold Ltd (NYSE:SAND - Free Report) by 107.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 75,471 shares of the company's stock after purchasing an additional 39,172 shares during the quarter. XTX Topco Ltd's holdings in Sandstorm Gold were worth $570,000 as of its most recent SEC filing.
Several other institutional investors have also recently modified their holdings of SAND. Cantor Fitzgerald L. P. purchased a new position in shares of Sandstorm Gold during the 4th quarter valued at about $56,000. Fiduciary Trust Co purchased a new position in Sandstorm Gold during the fourth quarter valued at approximately $86,000. Rossby Financial LCC acquired a new position in Sandstorm Gold in the fourth quarter valued at approximately $112,000. United Advisor Group LLC acquired a new position in Sandstorm Gold in the first quarter valued at approximately $118,000. Finally, Commonwealth Equity Services LLC boosted its position in Sandstorm Gold by 28.5% in the 4th quarter. Commonwealth Equity Services LLC now owns 21,736 shares of the company's stock worth $121,000 after purchasing an additional 4,817 shares in the last quarter. 51.97% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Several equities analysts have recently weighed in on the stock. Scotiabank lifted their target price on shares of Sandstorm Gold from $7.25 to $8.25 and gave the company a "sector perform" rating in a report on Monday, April 14th. National Bankshares reiterated an "outperform" rating on shares of Sandstorm Gold in a research report on Tuesday, June 24th. Wall Street Zen raised shares of Sandstorm Gold from a "hold" rating to a "buy" rating in a research note on Wednesday, May 21st. Stifel Canada lowered 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 target on Sandstorm Gold and gave the stock an "outperform" rating in a report on Wednesday, May 7th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $10.15.
Read Our Latest Stock Report on SAND
Sandstorm Gold Price Performance
Shares of NYSE SAND traded up $0.21 during trading on Thursday, hitting $10.17. The company had a trading volume of 8,195,049 shares, compared to its average volume of 7,664,140. The firm has a market capitalization of $2.98 billion, a price-to-earnings ratio of 101.66 and a beta of 0.47. The stock has a fifty day simple moving average of $9.47 and a two-hundred day simple moving average of $8.01. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 0.24. Sandstorm Gold Ltd has a fifty-two week low of $5.03 and a fifty-two week high of $10.44.
Sandstorm Gold (NYSE:SAND - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The company reported $0.05 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.05. Sandstorm Gold had a return on equity of 2.00% and a net margin of 15.80%. On average, research analysts expect that Sandstorm Gold Ltd will post 0.18 earnings per share for the current year.
Sandstorm Gold Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, July 25th. Stockholders of record on Tuesday, July 15th were issued a dividend of $0.02 per share. The ex-dividend date of this dividend was Tuesday, July 15th. This is a positive change from Sandstorm Gold's previous quarterly dividend of $0.01. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.8%. Sandstorm Gold's payout ratio is currently 60.00%.
About Sandstorm Gold
(
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.
Further Reading
Before you consider Sandstorm Gold, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Sandstorm Gold wasn't on the list.
While Sandstorm Gold currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Learn the basics of options trading and how to use them to boost returns and manage risk with this free report from MarketBeat. Click the link below to get your free copy.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
