XTX Topco Ltd Invests $203,000 in Sandstorm Gold Ltd. (NYSE:SAND)

XTX Topco Ltd acquired a new position in shares of Sandstorm Gold Ltd. (NYSE:SAND - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 36,299 shares of the company's stock, valued at approximately $203,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Boston Partners grew its position in Sandstorm Gold by 39,289.9% during the fourth quarter. Boston Partners now owns 9,812,015 shares of the company's stock valued at $54,751,000 after acquiring an additional 9,787,105 shares during the period. Invesco Ltd. increased its position in Sandstorm Gold by 35.0% during the 4th quarter. Invesco Ltd. now owns 6,522,246 shares of the company's stock worth $36,394,000 after purchasing an additional 1,691,296 shares in the last quarter. Sprott Inc. raised its holdings in Sandstorm Gold by 77.9% in the fourth quarter. Sprott Inc. now owns 4,465,843 shares of the company's stock valued at $24,925,000 after buying an additional 1,955,916 shares during the period. Amundi raised its holdings in Sandstorm Gold by 74.9% in the fourth quarter. Amundi now owns 2,890,535 shares of the company's stock valued at $16,447,000 after buying an additional 1,238,050 shares during the period. Finally, Bank of Montreal Can lifted its position in Sandstorm Gold by 68.0% during the fourth quarter. Bank of Montreal Can now owns 2,359,258 shares of the company's stock valued at $13,179,000 after buying an additional 954,564 shares in the last quarter. Hedge funds and other institutional investors own 51.97% of the company's stock.

Sandstorm Gold Stock Down 0.1 %

Shares of Sandstorm Gold stock traded down $0.01 on Friday, hitting $8.41. 1,024,760 shares of the company's stock traded hands, compared to its average volume of 5,457,674. Sandstorm Gold Ltd. has a 52-week low of $4.92 and a 52-week high of $8.82. The company has a quick ratio of 2.29, a current ratio of 1.95 and a debt-to-equity ratio of 0.24. The stock has a market cap of $2.47 billion, a P/E ratio of 168.13 and a beta of 0.90. The firm's 50-day moving average is $7.29 and its 200 day moving average is $6.34.

Sandstorm Gold (NYSE:SAND - Get Free Report) last posted its quarterly earnings data on Tuesday, February 18th. The company reported $0.01 EPS for the quarter, missing analysts' consensus estimates of $0.04 by ($0.03). The company had revenue of $47.40 million for the quarter, compared to the consensus estimate of $67.49 million. Sandstorm Gold had a net margin of 8.11% and a return on equity of 0.98%. During the same quarter last year, the company earned ($0.04) earnings per share. Equities analysts anticipate that Sandstorm Gold Ltd. will post 0.18 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 25th. Stockholders of record on Monday, April 14th were given a $0.014 dividend. The ex-dividend date of this dividend was Monday, April 14th. This represents a $0.06 annualized dividend and a dividend yield of 0.66%. Sandstorm Gold's payout ratio is 100.00%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Royal Bank of Canada raised their target price on shares of Sandstorm Gold from $6.50 to $7.00 and gave the company an "outperform" rating in a research note on Friday, April 4th. Raymond James restated an "outperform" rating on shares of Sandstorm Gold in a research note on Friday, April 4th. StockNews.com upgraded Sandstorm Gold from a "hold" rating to a "buy" rating in a research note on Wednesday, February 26th. HC Wainwright reduced their price target on Sandstorm Gold from $12.00 to $11.50 and set a "buy" rating on the stock in a research report on Wednesday, February 19th. Finally, Scotiabank increased their price objective on shares of Sandstorm Gold from $7.25 to $8.25 and gave the company a "sector perform" rating in a research report on Monday, April 14th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $9.06.

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.