Quantbot Technologies LP Sells 17,458 Shares of Sandstorm Gold Ltd. (NYSE:SAND)

Quantbot Technologies LP lowered its holdings in Sandstorm Gold Ltd. (NYSE:SAND) by 13.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 115,538 shares of the company’s stock after selling 17,458 shares during the quarter. Quantbot Technologies LP’s holdings in Sandstorm Gold were worth $645,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of SAND. Dynamic Technology Lab Private Ltd grew its holdings in shares of Sandstorm Gold by 219.0% during the third quarter. Dynamic Technology Lab Private Ltd now owns 47,727 shares of the company’s stock valued at $286,000 after buying an additional 32,766 shares during the last quarter. FMR LLC bought a new position in Sandstorm Gold in the 3rd quarter valued at about $600,000. Walleye Capital LLC boosted its stake in Sandstorm Gold by 285.7% during the 3rd quarter. Walleye Capital LLC now owns 92,919 shares of the company’s stock valued at $558,000 after purchasing an additional 68,826 shares during the last quarter. Walleye Trading LLC bought a new stake in Sandstorm Gold during the 3rd quarter worth approximately $85,000. Finally, Integrated Wealth Concepts LLC raised its stake in shares of Sandstorm Gold by 14.9% in the third quarter. Integrated Wealth Concepts LLC now owns 521,873 shares of the company’s stock worth $3,131,000 after purchasing an additional 67,759 shares during the last quarter. Institutional investors own 51.97% of the company’s stock.

Sandstorm Gold Stock Up 4.2 %

SAND stock opened at $7.66 on Friday. The stock has a market cap of $2.27 billion, a P/E ratio of 153.27 and a beta of 1.06. The company has a current ratio of 1.95, a quick ratio of 2.29 and a debt-to-equity ratio of 0.24. The stock’s fifty day simple moving average is $6.30 and its two-hundred day simple moving average is $5.99. Sandstorm Gold Ltd. has a 1-year low of $4.92 and a 1-year high of $7.70.

Sandstorm Gold (NYSE:SAND) last issued its quarterly earnings results 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 company had revenue of $47.40 million during the quarter, compared to analysts’ expectations of $67.49 million. During the same period last year, the firm posted ($0.04) earnings per share. Analysts expect that Sandstorm Gold Ltd. will post 0.18 EPS for the current year.

Analysts Set New Price Targets

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

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.