Guggenheim Capital LLC decreased its holdings in shares of Sandstorm Gold Ltd. (NYSE:SAND - Free Report) by 20.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 265,556 shares of the company's stock after selling 67,386 shares during the quarter. Guggenheim Capital LLC owned 0.09% of Sandstorm Gold worth $1,482,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently made changes to their positions in SAND. Bank of New York Mellon Corp raised its holdings in Sandstorm Gold by 21.0% during the 4th quarter. Bank of New York Mellon Corp now owns 13,897 shares of the company's stock worth $78,000 after purchasing an additional 2,416 shares during the last quarter. Swiss National Bank raised its stake in Sandstorm Gold by 0.6% during the fourth quarter. Swiss National Bank now owns 501,762 shares of the company's stock worth $2,805,000 after buying an additional 3,000 shares during the last quarter. FNY Investment Advisers LLC lifted its holdings in Sandstorm Gold by 20.0% in the fourth quarter. FNY Investment Advisers LLC now owns 24,000 shares of the company's stock valued at $133,000 after buying an additional 4,000 shares during the period. Geode Capital Management LLC lifted its holdings in Sandstorm Gold by 3.2% in the fourth quarter. Geode Capital Management LLC now owns 129,749 shares of the company's stock valued at $731,000 after buying an additional 4,068 shares during the period. Finally, Commonwealth Equity Services LLC boosted its position in Sandstorm Gold by 28.5% during the fourth quarter. Commonwealth Equity Services LLC now owns 21,736 shares of the company's stock valued at $121,000 after acquiring an additional 4,817 shares during the last quarter. Institutional investors own 51.97% of the company's stock.
Sandstorm Gold Stock Down 0.9 %
NYSE SAND traded down $0.08 during trading hours on Friday, reaching $8.43. 4,094,285 shares of the company's stock traded hands, compared to its average volume of 3,464,289. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.95 and a quick ratio of 2.29. The firm has a 50-day simple moving average of $7.09 and a 200 day simple moving average of $6.28. Sandstorm Gold Ltd. has a 52-week low of $4.92 and a 52-week high of $8.82. The firm has a market cap of $2.47 billion, a PE ratio of 168.63 and a beta of 0.90.
Sandstorm Gold (NYSE:SAND - Get Free Report) last announced its quarterly earnings data 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). 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 analysts' expectations of $67.49 million. During the same quarter in the previous year, the firm earned ($0.04) earnings per share. Sell-side analysts anticipate that Sandstorm Gold Ltd. will post 0.18 EPS for the current fiscal year.
Sandstorm Gold Cuts Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, April 25th. Stockholders of record on Monday, April 14th were given a dividend of $0.014 per share. The ex-dividend date of this dividend was Monday, April 14th. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.66%. Sandstorm Gold's payout ratio is currently 100.00%.
Wall Street Analyst Weigh In
Several brokerages recently commented on SAND. Scotiabank upped their target price on Sandstorm Gold from $7.25 to $8.25 and gave the company a "sector perform" rating in a research report on Monday, April 14th. Royal Bank of Canada raised their price objective on shares of Sandstorm Gold from $6.50 to $7.00 and gave the stock an "outperform" rating in a research report on Friday, April 4th. HC Wainwright lowered 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 note on Wednesday, February 19th. Raymond James reissued an "outperform" rating on shares of Sandstorm Gold in a research note on Friday, April 4th. Finally, StockNews.com raised shares of Sandstorm Gold from a "hold" rating to a "buy" rating in a research report on Wednesday, February 26th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $9.06.
Get Our Latest Stock Report on SAND
Sandstorm Gold Company Profile
(
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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