Sandstorm Gold Ltd. (NYSE:SAND) Shares Purchased by Russell Investments Group Ltd.

Russell Investments Group Ltd. raised its position in Sandstorm Gold Ltd. (NYSE:SAND) by 13.0% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 417,492 shares of the company’s stock after buying an additional 48,108 shares during the quarter. Russell Investments Group Ltd.’s holdings in Sandstorm Gold were worth $2,330,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Boston Partners increased its stake in shares of Sandstorm Gold by 39,289.9% during the fourth quarter. Boston Partners now owns 9,812,015 shares of the company’s stock worth $54,751,000 after acquiring an additional 9,787,105 shares during the period. Sprott Inc. boosted its holdings in Sandstorm Gold by 77.9% in the 4th quarter. Sprott Inc. now owns 4,465,843 shares of the company’s stock valued at $24,925,000 after purchasing an additional 1,955,916 shares in the last quarter. Amundi increased its position in 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 purchasing an additional 1,238,050 shares during the period. Arrowstreet Capital Limited Partnership raised its stake in shares of Sandstorm Gold by 935.5% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,330,652 shares of the company’s stock worth $7,432,000 after buying an additional 1,202,144 shares in the last quarter. Finally, U S Global Investors Inc. raised its stake in shares of Sandstorm Gold by 31.3% during the 4th quarter. U S Global Investors Inc. now owns 909,749 shares of the company’s stock worth $5,076,000 after buying an additional 216,756 shares in the last quarter. Hedge funds and other institutional investors own 51.97% of the company’s stock.

Analysts Set New Price Targets

SAND has been the topic of a number of recent analyst reports. Royal Bank of Canada upped their price objective on Sandstorm Gold from $6.50 to $7.00 and gave the stock an “outperform” rating in a report on Friday, April 4th. Raymond James reaffirmed an “outperform” rating on shares of Sandstorm Gold in a research note on Friday, April 4th. StockNews.com upgraded shares of Sandstorm Gold from a “hold” rating to a “buy” rating in a report on Wednesday, February 26th. HC Wainwright decreased their price objective on shares of Sandstorm Gold from $12.00 to $11.50 and set a “buy” rating on the stock in a report on Wednesday, February 19th. Finally, Scotiabank increased their target price on shares of Sandstorm Gold from $7.25 to $8.25 and gave the company a “sector perform” rating in a report on Monday, April 14th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Sandstorm Gold presently has an average rating of “Moderate Buy” and an average target price of $9.06.

Sandstorm Gold Trading Up 0.3 %

Shares of SAND stock opened at $8.50 on Friday. Sandstorm Gold Ltd. has a fifty-two week low of $4.92 and a fifty-two week high of $8.69. 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 simple moving average of $6.90 and a 200-day simple moving average of $6.18. The stock has a market cap of $2.52 billion, a P/E ratio of 169.93 and a beta of 0.90.

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

Sandstorm Gold Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Monday, April 14th will be given a dividend of $0.014 per share. The ex-dividend date is Monday, April 14th. This represents a $0.06 annualized dividend and a dividend yield of 0.66%. Sandstorm Gold’s dividend payout ratio is currently 100.00%.

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.