Raymond James Financial Inc. Buys Shares of 511,352 Sandstorm Gold Ltd. (NYSE:SAND)

Raymond James Financial Inc. purchased a new position in shares of Sandstorm Gold Ltd. (NYSE:SAND) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 511,352 shares of the company’s stock, valued at approximately $2,853,000.

Several other large investors have also made changes to their positions in the company. Barclays PLC lifted its stake in Sandstorm Gold by 6.4% during the third quarter. Barclays PLC now owns 399,854 shares of the company’s stock worth $2,400,000 after purchasing an additional 23,947 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Sandstorm Gold by 7.5% during the 3rd quarter. Geode Capital Management LLC now owns 125,681 shares of the company’s stock worth $757,000 after buying an additional 8,728 shares during the last quarter. Fiduciary Alliance LLC grew its position in Sandstorm Gold by 119.4% in the fourth quarter. Fiduciary Alliance LLC now owns 22,735 shares of the company’s stock valued at $127,000 after acquiring an additional 12,375 shares during the last quarter. JTC Employer Solutions Trustee Ltd bought a new position in Sandstorm Gold in the fourth quarter valued at about $72,000. Finally, FNY Investment Advisers LLC raised its stake in Sandstorm Gold by 20.0% during the fourth quarter. FNY Investment Advisers LLC now owns 24,000 shares of the company’s stock worth $133,000 after acquiring an additional 4,000 shares in the last quarter. Institutional investors and hedge funds own 51.97% of the company’s stock.

Sandstorm Gold Stock Up 1.2 %

Sandstorm Gold stock opened at $8.54 on Tuesday. The firm has a 50 day moving average price of $7.14 and a two-hundred day moving average price of $6.30. Sandstorm Gold Ltd. has a 52-week low of $4.92 and a 52-week high of $8.82. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.29 and a current ratio of 1.95. The firm has a market cap of $2.51 billion, a price-to-earnings ratio of 170.83 and a beta of 0.90.

Sandstorm Gold (NYSE:SAND) last released its earnings results on Tuesday, February 18th. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.04 by ($0.03). Sandstorm Gold had a return on equity of 0.98% and a net margin of 8.11%. The business had revenue of $47.40 million for the quarter, compared to analyst estimates of $67.49 million. During the same period in the prior year, the business earned ($0.04) EPS. Equities analysts predict that Sandstorm Gold Ltd. will post 0.18 EPS for the current year.

Sandstorm Gold Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 25th. Investors of record on Monday, April 14th were given a dividend of $0.014 per share. The ex-dividend date of this dividend was Monday, April 14th. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.65%. Sandstorm Gold’s payout ratio is presently 100.00%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. HC Wainwright reduced 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 note on Wednesday, February 19th. StockNews.com raised shares of Sandstorm Gold from a “hold” rating to a “buy” rating in a research note on Wednesday, February 26th. Scotiabank increased their price target on Sandstorm Gold from $7.25 to $8.25 and gave the company a “sector perform” rating in a research note on Monday, April 14th. Royal Bank of Canada raised their price objective on Sandstorm Gold from $6.50 to $7.00 and gave the company an “outperform” rating in a report on Friday, April 4th. Finally, Raymond James reaffirmed an “outperform” rating on shares of Sandstorm Gold in a report on Friday, April 4th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Sandstorm Gold presently has a consensus rating of “Moderate Buy” and a consensus target price of $9.06.

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.