Sandstorm Gold Ltd. (NYSE:SAND) Position Lessened by Moors & Cabot Inc.

Moors & Cabot Inc. trimmed its holdings in Sandstorm Gold Ltd. (NYSE:SAND) by 0.9% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 214,952 shares of the company’s stock after selling 1,998 shares during the period. Moors & Cabot Inc.’s holdings in Sandstorm Gold were worth $1,290,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Boston Partners bought a new position in shares of Sandstorm Gold in the first quarter worth about $1,902,000. Squarepoint Ops LLC acquired a new position in shares of Sandstorm Gold during the 2nd quarter worth about $606,000. Clearbridge Investments LLC lifted its holdings in Sandstorm Gold by 48.1% during the 1st quarter. Clearbridge Investments LLC now owns 384,921 shares of the company’s stock valued at $2,021,000 after purchasing an additional 125,096 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Sandstorm Gold by 42.2% in the second quarter. Dimensional Fund Advisors LP now owns 3,149,232 shares of the company’s stock valued at $17,162,000 after purchasing an additional 935,005 shares during the last quarter. Finally, Sagil Capital LLP acquired a new stake in shares of Sandstorm Gold during the second quarter worth $8,041,000. 51.97% of the stock is owned by institutional investors and hedge funds.

Sandstorm Gold Stock Up 2.2 %

SAND stock opened at $5.81 on Friday. Sandstorm Gold Ltd. has a twelve month low of $3.96 and a twelve month high of $6.50. The stock has a market cap of $1.72 billion, a P/E ratio of 48.38 and a beta of 1.13. The business’s 50-day moving average price is $5.98 and its 200-day moving average price is $5.72. The company has a quick ratio of 2.29, a current ratio of 2.29 and a debt-to-equity ratio of 0.26.

Sandstorm Gold (NYSE:SAND) last posted its quarterly earnings data on Thursday, November 7th. The company reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.01). Sandstorm Gold had a net margin of 20.46% and a return on equity of 2.44%. The firm had revenue of $44.70 million for the quarter, compared to the consensus estimate of $44.70 million. On average, equities research analysts forecast that Sandstorm Gold Ltd. will post 0.09 EPS for the current year.

Sandstorm Gold Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 25th. Shareholders of record on Tuesday, October 15th were paid a dividend of $0.015 per share. This represents a $0.06 annualized dividend and a yield of 1.03%. The ex-dividend date was Tuesday, October 15th. This is an increase from Sandstorm Gold’s previous quarterly dividend of $0.01. Sandstorm Gold’s payout ratio is presently 50.00%.

Analysts Set New Price Targets

A number of brokerages have weighed in on SAND. Royal Bank of Canada reduced their target price on Sandstorm Gold from $6.50 to $6.00 and set an “outperform” rating on the stock in a report on Tuesday, September 10th. StockNews.com cut shares of Sandstorm Gold from a “buy” rating to a “hold” rating in a report on Thursday, November 14th. Finally, HC Wainwright boosted their target price on shares of Sandstorm Gold from $11.50 to $12.00 and gave the company a “buy” rating in a report on Monday, November 11th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Sandstorm Gold has a consensus rating of “Moderate Buy” and an average target price of $8.35.

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.