Van ECK Associates Corp Grows Position in Sandstorm Gold Ltd. (NYSE:SAND)

Van ECK Associates Corp grew its position in shares of Sandstorm Gold Ltd. (NYSE:SAND - Free Report) by 2.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 28,838,800 shares of the company's stock after purchasing an additional 657,177 shares during the quarter. Van ECK Associates Corp owned about 9.69% of Sandstorm Gold worth $145,059,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. American Century Companies Inc. grew its stake in Sandstorm Gold by 1,787.2% during the third quarter. American Century Companies Inc. now owns 1,049,830 shares of the company's stock worth $4,893,000 after purchasing an additional 994,200 shares during the period. Deutsche Bank AG grew its stake in shares of Sandstorm Gold by 1,510.2% in the 3rd quarter. Deutsche Bank AG now owns 205,161 shares of the company's stock valued at $956,000 after buying an additional 192,420 shares during the period. Integrated Wealth Concepts LLC grew its stake in Sandstorm Gold by 136.9% in the third quarter. Integrated Wealth Concepts LLC now owns 245,885 shares of the company's stock valued at $1,146,000 after acquiring an additional 142,095 shares during the period. Citigroup Inc. increased its holdings in shares of Sandstorm Gold by 284.2% during the third quarter. Citigroup Inc. now owns 130,124 shares of the company's stock valued at $611,000 after acquiring an additional 96,256 shares in the last quarter. Finally, U S Global Investors Inc. raised its position in shares of Sandstorm Gold by 8.3% during the fourth quarter. U S Global Investors Inc. now owns 933,690 shares of the company's stock worth $4,696,000 after purchasing an additional 71,654 shares during the period. Institutional investors and hedge funds own 51.97% of the company's stock.

Sandstorm Gold Stock Down 3.5 %

Sandstorm Gold stock traded down $0.20 during trading on Tuesday, hitting $5.46. 2,616,330 shares of the company were exchanged, compared to its average volume of 2,415,237. The company has a market capitalization of $1.63 billion, a P/E ratio of 39.00 and a beta of 1.10. The business's 50 day moving average is $5.01 and its 200 day moving average is $4.83. Sandstorm Gold Ltd. has a 52 week low of $3.96 and a 52 week high of $6.24. The company has a current ratio of 3.32, a quick ratio of 3.32 and a debt-to-equity ratio of 0.30.

Sandstorm Gold (NYSE:SAND - Get Free Report) last posted its quarterly earnings data on Thursday, February 15th. The company reported $0.08 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.02 by $0.06. The firm had revenue of $44.50 million for the quarter, compared to the consensus estimate of $46.30 million. Sandstorm Gold had a net margin of 23.22% and a return on equity of 2.89%. Analysts predict that Sandstorm Gold Ltd. will post 0.09 earnings per share for the current year.

Sandstorm Gold Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 26th. Shareholders of record on Tuesday, April 16th were given a dividend of $0.0147 per share. The ex-dividend date was Monday, April 15th. This represents a $0.06 annualized dividend and a dividend yield of 1.08%. Sandstorm Gold's dividend payout ratio is currently 21.43%.

Analysts Set New Price Targets

Separately, Scotiabank reduced their price objective on shares of Sandstorm Gold from $6.50 to $6.25 and set a "sector perform" rating for the company in a report on Thursday, April 18th.

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.