Graham Capital Management L.P. Invests $448,000 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) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 80,248 shares of the company's stock, valued at approximately $448,000.

Other large investors have also bought and sold shares of the company. Barclays PLC boosted its stake in Sandstorm Gold by 6.4% in the 3rd quarter. Barclays PLC now owns 399,854 shares of the company's stock worth $2,400,000 after purchasing an additional 23,947 shares during the period. Ullmann Wealth Partners Group LLC bought a new stake in shares of Sandstorm Gold in the fourth quarter valued at about $223,000. Fiduciary Family Office LLC acquired a new position in shares of Sandstorm Gold during the fourth quarter worth about $93,000. Money Concepts Capital Corp grew its holdings in shares of Sandstorm Gold by 3.1% during the fourth quarter. Money Concepts Capital Corp now owns 177,499 shares of the company's stock worth $990,000 after buying an additional 5,393 shares in the last quarter. Finally, Louisbourg Investments Inc. grew its holdings in shares of Sandstorm Gold by 17.4% during the fourth quarter. Louisbourg Investments Inc. now owns 728,182 shares of the company's stock worth $4,071,000 after buying an additional 108,000 shares in the last quarter. 51.97% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have commented on SAND. Royal Bank of Canada boosted their target price on 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 shares of Sandstorm Gold and gave the stock an "outperform" rating in a research report on Wednesday, May 7th. HC Wainwright raised their target price 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. Scotiabank lifted their price target on shares of 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 upgraded shares of Sandstorm Gold from a "hold" rating to a "buy" rating in a research note on Wednesday. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $9.25.

Sandstorm Gold Stock Performance

SAND traded down $0.13 during trading hours on Thursday, reaching $8.62. The company's stock had a trading volume of 1,485,267 shares, compared to its average volume of 3,653,357. The company's 50-day moving average is $7.89 and its 200-day moving average is $6.57. Sandstorm Gold Ltd. has a 52 week low of $4.92 and a 52 week high of $8.91. The firm has a market cap of $2.53 billion, a PE ratio of 172.33 and a beta of 0.48. 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 earnings results on Tuesday, May 6th. The company reported $0.04 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.05 by ($0.01). The company 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%. On average, equities analysts forecast that Sandstorm Gold Ltd. will post 0.18 EPS for the current year.

Sandstorm Gold Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 25th. Investors of record on Monday, April 14th were issued a dividend of $0.014 per share. The ex-dividend date was Monday, April 14th. This represents a $0.06 annualized dividend and a yield of 0.65%. Sandstorm Gold's payout ratio is currently 50.00%.

Sandstorm Gold Company 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.