Sandstorm Gold Ltd. (NYSE:SAND) Shares Acquired by Boston Partners

Boston Partners lifted its holdings in shares of Sandstorm Gold Ltd. (NYSE:SAND) by 39,289.9% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 9,812,015 shares of the company’s stock after buying an additional 9,787,105 shares during the period. Boston Partners’ holdings in Sandstorm Gold were worth $54,751,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. Intact Investment Management Inc. raised its stake in shares of Sandstorm Gold by 107.7% during the 4th quarter. Intact Investment Management Inc. now owns 270,200 shares of the company’s stock worth $1,511,000 after buying an additional 140,100 shares during the period. Commonwealth Equity Services LLC raised its stake in shares of Sandstorm Gold by 28.5% during the 4th quarter. Commonwealth Equity Services LLC now owns 21,736 shares of the company’s stock worth $121,000 after buying an additional 4,817 shares during the period. Swiss National Bank raised its stake in shares of Sandstorm Gold by 0.6% during the 4th 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 period. Moors & Cabot Inc. raised its stake in shares of Sandstorm Gold by 3.7% during the 4th quarter. Moors & Cabot Inc. now owns 222,908 shares of the company’s stock worth $1,244,000 after buying an additional 7,956 shares during the period. Finally, Amundi raised its stake in shares of Sandstorm Gold by 74.9% during the 4th quarter. Amundi now owns 2,890,535 shares of the company’s stock worth $16,447,000 after buying an additional 1,238,050 shares during the period. 51.97% of the stock is owned by institutional investors and hedge funds.

Sandstorm Gold Stock Up 0.4 %

Shares of NYSE:SAND opened at $6.80 on Thursday. 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 business has a fifty day moving average of $6.13 and a two-hundred day moving average of $5.93. The stock has a market cap of $2.01 billion, a P/E ratio of 135.93 and a beta of 1.06. Sandstorm Gold Ltd. has a 52-week low of $4.76 and a 52-week high of $6.95.

Sandstorm Gold (NYSE:SAND) last issued its earnings results on Tuesday, February 18th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.03). The company had revenue of $47.40 million during the quarter, compared to analysts’ expectations 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 in the previous year, the company earned ($0.04) earnings per share. On average, research analysts expect that Sandstorm Gold Ltd. will post 0.18 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts recently commented on SAND shares. Scotiabank boosted their price target on Sandstorm Gold from $6.75 to $7.25 and gave the stock a “sector perform” rating in a research report on Thursday, February 27th. StockNews.com upgraded Sandstorm Gold from a “hold” rating to a “buy” rating in a research report on Wednesday, February 26th. Finally, HC Wainwright dropped their price target on Sandstorm Gold from $12.00 to $11.50 and set a “buy” rating for the company in a research report on Wednesday, February 19th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Sandstorm Gold currently has a consensus rating of “Moderate Buy” and a consensus price target of $8.56.

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.