Parvin Asset Management LLC Invests $489,000 in Sandstorm Gold Ltd. (NYSE:SAND)

Parvin Asset Management LLC bought a new stake in Sandstorm Gold Ltd. (NYSE:SAND - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 87,650 shares of the company's stock, valued at approximately $489,000.

A number of other hedge funds have also recently added to or reduced their stakes in SAND. Barclays PLC grew its holdings in Sandstorm Gold by 6.4% in the third quarter. Barclays PLC now owns 399,854 shares of the company's stock valued at $2,400,000 after purchasing an additional 23,947 shares during the period. Geode Capital Management LLC grew its stake in shares of Sandstorm Gold by 7.5% during the 3rd quarter. Geode Capital Management LLC now owns 125,681 shares of the company's stock valued at $757,000 after buying an additional 8,728 shares during the period. Fiduciary Alliance LLC increased its holdings in shares of Sandstorm Gold by 119.4% during the 4th quarter. Fiduciary Alliance LLC now owns 22,735 shares of the company's stock worth $127,000 after buying an additional 12,375 shares during the last quarter. JTC Employer Solutions Trustee Ltd acquired a new position in Sandstorm Gold in the fourth quarter valued at $72,000. Finally, FNY Investment Advisers LLC grew its position in Sandstorm Gold by 20.0% during the fourth quarter. FNY Investment Advisers LLC now owns 24,000 shares of the company's stock valued at $133,000 after acquiring an additional 4,000 shares during the period. 51.97% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently issued reports on SAND shares. Royal Bank of Canada boosted their target price on Sandstorm Gold from $6.50 to $7.00 and gave the stock an "outperform" rating in a report on Friday, April 4th. Scotiabank increased 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. HC Wainwright reduced their target price on shares of Sandstorm Gold from $12.00 to $11.50 and set a "buy" rating on the stock in a report on Wednesday, February 19th. Raymond James reissued an "outperform" rating on shares of Sandstorm Gold in a research report on Friday, April 4th. Finally, StockNews.com raised Sandstorm Gold from a "hold" rating to a "buy" rating in a research report on Wednesday, February 26th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $9.06.

Sandstorm Gold Stock Up 2.3 %

SAND traded up $0.20 during trading on Monday, hitting $8.55. The company had a trading volume of 2,726,578 shares, compared to its average volume of 3,515,547. The company has a market cap of $2.51 billion, a PE ratio of 170.93 and a beta of 0.48. 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 Ltd. has a 1-year low of $4.92 and a 1-year high of $8.82. The business has a 50-day moving average of $7.33 and a 200-day moving average of $6.37.

Sandstorm Gold (NYSE:SAND - Get Free Report) last posted its quarterly earnings results on Tuesday, February 18th. The company reported $0.01 EPS for the quarter, missing analysts' consensus estimates of $0.04 by ($0.03). Sandstorm Gold had a return on equity of 0.98% and a net margin of 8.11%. The firm had revenue of $47.40 million during the quarter, compared to analyst estimates of $67.49 million. During the same quarter last year, the business posted ($0.04) earnings per share. As a group, analysts forecast that Sandstorm Gold Ltd. will post 0.18 earnings per share for the current year.

Sandstorm Gold Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 25th. Stockholders of record on Monday, April 14th were issued a $0.014 dividend. This represents a $0.06 annualized dividend and a dividend yield of 0.65%. The ex-dividend date of this dividend was Monday, April 14th. Sandstorm Gold's dividend payout ratio (DPR) is presently 100.00%.

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.