Sandstorm Gold Ltd. (NYSE:SAND) Shares Bought by American Century Companies Inc.

American Century Companies Inc. boosted its stake in shares of Sandstorm Gold Ltd. (NYSE:SAND - Free Report) by 1,787.2% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,049,830 shares of the company's stock after acquiring an additional 994,200 shares during the quarter. American Century Companies Inc. owned 0.35% of Sandstorm Gold worth $4,893,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of SAND. JPMorgan Chase & Co. grew its holdings in Sandstorm Gold by 0.9% in the 1st quarter. JPMorgan Chase & Co. now owns 624,378 shares of the company's stock worth $5,045,000 after acquiring an additional 5,545 shares during the last quarter. Bank of New York Mellon Corp purchased a new position in Sandstorm Gold during the 1st quarter valued at about $109,000. HighTower Advisors LLC raised its position in Sandstorm Gold by 86.9% during the 1st quarter. HighTower Advisors LLC now owns 76,112 shares of the company's stock valued at $610,000 after purchasing an additional 35,396 shares during the last quarter. Acadian Asset Management LLC purchased a new stake in Sandstorm Gold in the 1st quarter worth approximately $25,000. Finally, Dimensional Fund Advisors LP lifted its holdings in Sandstorm Gold by 8.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 479,714 shares of the company's stock worth $3,876,000 after buying an additional 36,875 shares during the period. 51.97% of the stock is currently owned by institutional investors.

Sandstorm Gold Stock Up 2.1 %

SAND traded up $0.11 on Thursday, hitting $5.25. The company had a trading volume of 2,328,922 shares, compared to its average volume of 2,214,554. Sandstorm Gold Ltd. has a 52-week low of $3.96 and a 52-week high of $6.31. The stock has a fifty day simple moving average of $4.56 and a 200-day simple moving average of $4.73. The company has a debt-to-equity ratio of 0.30, a current ratio of 3.32 and a quick ratio of 3.32. The firm has a market capitalization of $1.56 billion, a P/E ratio of 37.50 and a beta of 1.08.

Sandstorm Gold (NYSE:SAND - Get Free Report) last released its quarterly earnings results on Thursday, February 15th. The company reported $0.08 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.06. Sandstorm Gold had a return on equity of 2.89% and a net margin of 23.22%. The company had revenue of $44.50 million for the quarter, compared to analyst estimates of $46.30 million. As a group, equities analysts expect that Sandstorm Gold Ltd. will post 0.06 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Raymond James decreased their target price on Sandstorm Gold from $8.00 to $7.75 and set an "outperform" rating for the company in a report on Wednesday, December 13th.

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.