Private Advisor Group LLC Lowers Stock Position in Sandstorm Gold Ltd. (NYSE:SAND)

Private Advisor Group LLC cut its stake in shares of Sandstorm Gold Ltd. (NYSE:SAND) by 22.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 243,504 shares of the company’s stock after selling 71,459 shares during the quarter. Private Advisor Group LLC owned 0.08% of Sandstorm Gold worth $1,359,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Louisbourg Investments Inc. boosted its stake in Sandstorm Gold by 17.4% in the fourth quarter. Louisbourg Investments Inc. now owns 728,182 shares of the company’s stock worth $4,071,000 after buying an additional 108,000 shares in the last quarter. Integrated Wealth Concepts LLC boosted its stake in shares of Sandstorm Gold by 14.9% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 521,873 shares of the company’s stock valued at $3,131,000 after purchasing an additional 67,759 shares in the last quarter. Barclays PLC grew its holdings in shares of Sandstorm Gold by 6.4% during the 3rd quarter. Barclays PLC now owns 399,854 shares of the company’s stock valued at $2,400,000 after purchasing an additional 23,947 shares during the last quarter. Money Concepts Capital Corp grew its holdings in shares of Sandstorm Gold by 3.1% during the 4th quarter. Money Concepts Capital Corp now owns 177,499 shares of the company’s stock valued at $990,000 after purchasing an additional 5,393 shares during the last quarter. Finally, Quantbot Technologies LP raised its position in Sandstorm Gold by 14.4% in the 3rd quarter. Quantbot Technologies LP now owns 132,996 shares of the company’s stock worth $798,000 after purchasing an additional 16,779 shares during the period. Hedge funds and other institutional investors own 51.97% of the company’s stock.

Sandstorm Gold Trading Down 2.9 %

NYSE SAND opened at $6.24 on Friday. The stock has a market cap of $1.85 billion, a P/E ratio of 124.72 and a beta of 1.10. Sandstorm Gold Ltd. has a fifty-two week low of $3.99 and a fifty-two week high of $6.67. The stock has a 50 day simple moving average of $5.89 and a two-hundred day simple moving average of $5.84. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.29 and a current ratio of 1.95.

Sandstorm Gold (NYSE:SAND) last announced its quarterly earnings results on Tuesday, February 18th. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.03). The business had revenue of $47.40 million during the quarter, compared to analysts’ expectations of $67.49 million. Sandstorm Gold had a return on equity of 0.98% and a net margin of 8.11%. During the same period in the previous year, the business earned ($0.04) EPS. On average, analysts forecast that Sandstorm Gold Ltd. will post 0.18 earnings per share for the current year.

Sandstorm Gold Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Tuesday, January 21st were given a dividend of $0.02 per share. The ex-dividend date was Tuesday, January 21st. This represents a $0.08 annualized dividend and a dividend yield of 1.28%. This is a boost from Sandstorm Gold’s previous quarterly dividend of $0.02. Sandstorm Gold’s payout ratio is currently 100.00%.

Wall Street Analysts Forecast Growth

SAND has been the subject of several analyst reports. HC Wainwright cut their price target on shares of Sandstorm Gold from $12.00 to $11.50 and set a “buy” rating for the company in a research report on Wednesday, February 19th. Scotiabank increased their target price on Sandstorm Gold from $6.75 to $7.25 and gave the company a “sector perform” rating in a report on Thursday. Finally, StockNews.com raised Sandstorm Gold from a “hold” rating to a “buy” rating in a research note on Wednesday. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $8.56.

Sandstorm Gold Company 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.