Graham Capital Management L.P. Takes Position in Sandstorm Gold Ltd. (NYSE:SAND)

Graham Capital Management L.P. bought a new position in shares of Sandstorm Gold Ltd. (NYSE:SAND - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 80,248 shares of the company's stock, valued at approximately $448,000.

Other large investors have also added to or reduced their stakes in the company. Cantor Fitzgerald L. P. acquired a new position in shares of Sandstorm Gold in the 4th quarter valued at approximately $56,000. Lifeworks Advisors LLC bought a new position in shares of Sandstorm Gold during the fourth quarter valued at $57,000. Meixler Investment Management Ltd. acquired a new stake in Sandstorm Gold in the fourth quarter valued at $66,000. Bank of New York Mellon Corp raised its position in Sandstorm Gold by 21.0% during the 4th quarter. Bank of New York Mellon Corp now owns 13,897 shares of the company's stock worth $78,000 after purchasing an additional 2,416 shares during the last quarter. Finally, Fiduciary Trust Co acquired a new position in Sandstorm Gold during the 4th quarter worth about $86,000. Institutional investors own 51.97% of the company's stock.

Sandstorm Gold Price Performance

NYSE:SAND traded up $0.14 during mid-day trading on Tuesday, reaching $8.41. The stock had a trading volume of 2,958,532 shares, compared to its average volume of 3,644,255. The stock has a market capitalization of $2.47 billion, a P/E ratio of 168.23 and a beta of 0.48. Sandstorm Gold Ltd. has a one year low of $4.92 and a one year high of $8.91. The firm has a 50 day moving average price of $7.80 and a two-hundred day moving average price of $6.54. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.29 and a current ratio of 1.95.

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

Sandstorm Gold Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 25th. Stockholders of record on Monday, April 14th were paid a dividend of $0.014 per share. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.66%. The ex-dividend date was Monday, April 14th. Sandstorm Gold's payout ratio is 50.00%.

Analyst Upgrades and Downgrades

SAND has been the topic of several recent analyst reports. Raymond James set a $9.75 target price on shares of Sandstorm Gold and gave the company an "outperform" rating in a report on Wednesday, May 7th. Scotiabank raised their price objective on shares of Sandstorm Gold from $7.25 to $8.25 and gave the stock a "sector perform" rating in a research report on Monday, April 14th. StockNews.com downgraded shares of Sandstorm Gold from a "buy" rating to a "hold" rating in a research report on Tuesday, May 13th. 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. Finally, Royal Bank of Canada increased their price objective on shares of Sandstorm Gold from $6.50 to $7.00 and gave the stock an "outperform" rating in a research report on Friday, April 4th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, Sandstorm Gold has an average rating of "Moderate Buy" and an average 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.