Sandstorm Gold Ltd. (NYSE:SAND) Shares Acquired by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP grew its holdings in shares of Sandstorm Gold Ltd. (NYSE:SAND - Free Report) by 22.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,974,343 shares of the company's stock after acquiring an additional 913,527 shares during the period. Dimensional Fund Advisors LP owned 1.68% of Sandstorm Gold worth $27,781,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of SAND. Canada Pension Plan Investment Board acquired a new position in Sandstorm Gold during the 4th quarter valued at about $2,021,000. Marshall Wace LLP raised its holdings in Sandstorm Gold by 466.6% during the 4th quarter. Marshall Wace LLP now owns 219,100 shares of the company's stock valued at $1,223,000 after acquiring an additional 180,428 shares during the period. Rossby Financial LCC bought a new stake in Sandstorm Gold during the 4th quarter valued at $112,000. XTX Topco Ltd bought a new position in shares of Sandstorm Gold in the fourth quarter worth $203,000. Finally, Raymond James Financial Inc. bought a new position in shares of Sandstorm Gold in the fourth quarter worth $2,853,000. 51.97% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Raymond James set a $9.75 price target on shares of Sandstorm Gold and gave the company an "outperform" rating in a research report on Wednesday. Scotiabank increased their target price on shares of Sandstorm Gold from $7.25 to $8.25 and gave the stock a "sector perform" rating in a report on Monday, April 14th. StockNews.com upgraded shares of Sandstorm Gold from a "hold" rating to a "buy" rating in a report on Wednesday, February 26th. 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 note on Thursday. Finally, Royal Bank of Canada raised their price target on shares of Sandstorm Gold from $6.50 to $7.00 and gave the company an "outperform" rating in a research report on Friday, April 4th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $9.25.

Sandstorm Gold Stock Performance

NYSE SAND traded up $0.28 during mid-day trading on Friday, reaching $8.81. 6,579,392 shares of the stock were exchanged, compared to its average volume of 3,597,253. The business's 50 day moving average is $7.58 and its 200-day moving average is $6.45. Sandstorm Gold Ltd. has a 1 year low of $4.92 and a 1 year high of $8.91. The company has a market capitalization of $2.59 billion, a P/E ratio of 176.24 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 quarterly earnings data on Tuesday, May 6th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.01). The company had revenue of $50.10 million for the quarter, compared to analysts' expectations of $71.61 million. Sandstorm Gold had a net margin of 8.11% and a return on equity of 0.98%. On average, equities research analysts forecast that Sandstorm Gold Ltd. will post 0.18 EPS for the current fiscal 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 paid a $0.014 dividend. This represents a $0.06 annualized dividend and a dividend yield of 0.63%. The ex-dividend date of this dividend was Monday, April 14th. Sandstorm Gold's dividend payout ratio is currently 50.00%.

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.