Legal & General Group Plc grew its stake in shares of Sandstorm Gold Ltd. (NYSE:SAND - Free Report) by 22.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 240,926 shares of the company's stock after acquiring an additional 43,907 shares during the period. Legal & General Group Plc owned about 0.08% of Sandstorm Gold worth $1,347,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Boston Partners increased its stake in Sandstorm Gold by 39,289.9% during the fourth quarter. Boston Partners now owns 9,812,015 shares of the company's stock valued at $54,751,000 after purchasing an additional 9,787,105 shares during the last quarter. Invesco Ltd. grew its holdings in Sandstorm Gold by 35.0% during the fourth quarter. Invesco Ltd. now owns 6,522,246 shares of the company's stock worth $36,394,000 after acquiring an additional 1,691,296 shares during the period. Sprott Inc. grew its stake in shares of Sandstorm Gold by 77.9% in the 4th quarter. Sprott Inc. now owns 4,465,843 shares of the company's stock worth $24,925,000 after purchasing an additional 1,955,916 shares during the last quarter. Amundi lifted its stake in Sandstorm Gold by 74.9% during the fourth quarter. Amundi now owns 2,890,535 shares of the company's stock valued at $16,447,000 after purchasing an additional 1,238,050 shares during the last quarter. Finally, Bank of Montreal Can boosted its position in shares of Sandstorm Gold by 68.0% in the fourth quarter. Bank of Montreal Can now owns 2,359,258 shares of the company's stock worth $13,179,000 after buying an additional 954,564 shares during the period. 51.97% of the stock is owned by institutional investors and hedge funds.
Sandstorm Gold Stock Down 2.4 %
Shares of SAND traded down $0.21 during midday trading on Thursday, reaching $8.50. The stock had a trading volume of 2,523,062 shares, compared to its average volume of 3,490,650. The company's fifty day simple moving average is $7.24 and its two-hundred day simple moving average is $6.33. Sandstorm Gold Ltd. has a 1-year low of $4.92 and a 1-year high of $8.82. The company has a market cap of $2.49 billion, a price-to-earnings ratio of 170.33 and a beta of 0.90. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.95 and a quick ratio of 2.29.
Sandstorm Gold (NYSE:SAND - Get Free Report) last released its quarterly earnings results on Tuesday, February 18th. The company reported $0.01 earnings per share for the quarter, missing analysts' consensus estimates of $0.04 by ($0.03). The company had revenue of $47.40 million during the quarter, compared to analysts' expectations of $67.49 million. Sandstorm Gold had a return on equity of 0.98% and a net margin of 8.11%. During the same quarter in the prior year, the company earned ($0.04) EPS. Equities research analysts expect that Sandstorm Gold Ltd. will post 0.18 earnings per share for the current year.
Sandstorm Gold Cuts Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, April 25th. Shareholders of record on Monday, April 14th were given a dividend of $0.014 per share. The ex-dividend date was Monday, April 14th. This represents a $0.06 dividend on an annualized basis and a yield of 0.66%. Sandstorm Gold's payout ratio is presently 100.00%.
Analyst Upgrades and Downgrades
Several brokerages have recently commented on SAND. Raymond James restated an "outperform" rating on shares of Sandstorm Gold in a research note on Friday, April 4th. StockNews.com upgraded shares of Sandstorm Gold from a "hold" rating to a "buy" rating in a research note on Wednesday, February 26th. Scotiabank boosted their target price on Sandstorm Gold from $7.25 to $8.25 and gave the stock a "sector perform" rating in a research note on Monday, April 14th. Royal Bank of Canada upped their price target on Sandstorm Gold from $6.50 to $7.00 and gave the company an "outperform" rating in a research report on Friday, April 4th. Finally, HC Wainwright cut their price objective on shares of Sandstorm Gold from $12.00 to $11.50 and set a "buy" rating for the company in a research report on Wednesday, February 19th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $9.06.
View Our Latest Research Report on SAND
Sandstorm Gold Company Profile
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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.
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