Raymond James & Associates Grows Holdings in Sandstorm Gold Ltd. (NYSE:SAND)

Raymond James & Associates boosted its holdings in shares of Sandstorm Gold Ltd. (NYSE:SAND) by 4.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 298,203 shares of the company’s stock after acquiring an additional 11,752 shares during the period. Raymond James & Associates’ holdings in Sandstorm Gold were worth $1,500,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Moneta Group Investment Advisors LLC increased its stake in shares of Sandstorm Gold by 100,345.3% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 25,063,118 shares of the company’s stock valued at $131,832,000 after purchasing an additional 25,038,166 shares in the last quarter. Amundi increased its position in Sandstorm Gold by 34.6% during the 4th quarter. Amundi now owns 3,009,150 shares of the company’s stock valued at $17,122,000 after buying an additional 773,370 shares in the last quarter. Renaissance Technologies LLC raised its stake in Sandstorm Gold by 2.5% during the first quarter. Renaissance Technologies LLC now owns 2,529,100 shares of the company’s stock valued at $20,434,000 after buying an additional 62,683 shares during the last quarter. Bar Harbor Wealth Management boosted its holdings in Sandstorm Gold by 1.7% in the third quarter. Bar Harbor Wealth Management now owns 1,177,067 shares of the company’s stock worth $5,485,000 after acquiring an additional 19,439 shares in the last quarter. Finally, American Century Companies Inc. grew its stake in shares of Sandstorm Gold by 1,787.2% in the third quarter. American Century Companies Inc. now owns 1,049,830 shares of the company’s stock worth $4,893,000 after acquiring an additional 994,200 shares during the last quarter. Institutional investors own 51.97% of the company’s stock.

Sandstorm Gold Stock Performance

Shares of SAND opened at $5.42 on Friday. The company has a market cap of $1.61 billion, a price-to-earnings ratio of 38.68 and a beta of 1.10. The business’s fifty day simple moving average is $4.80 and its two-hundred day simple moving average is $4.77. Sandstorm Gold Ltd. has a 12 month low of $3.96 and a 12 month high of $6.24. The company has a current ratio of 3.32, a quick ratio of 3.32 and a debt-to-equity ratio of 0.30.

Sandstorm Gold (NYSE:SAND) last announced its quarterly earnings results on Thursday, February 15th. The company reported $0.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.06. Sandstorm Gold had a return on equity of 2.89% and a net margin of 23.22%. The firm had revenue of $44.50 million for the quarter, compared to the consensus estimate of $46.30 million. Research analysts anticipate that Sandstorm Gold Ltd. will post 0.07 earnings per share for the current fiscal year.

Sandstorm Gold Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 26th. Stockholders of record on Tuesday, April 16th will be issued a dividend of $0.0147 per share. This represents a $0.06 dividend on an annualized basis and a dividend yield of 1.09%. The ex-dividend date of this dividend is Monday, April 15th. Sandstorm Gold’s payout ratio is presently 21.43%.

Wall Street Analysts Forecast Growth

Separately, Scotiabank lowered their price target on Sandstorm Gold from $6.50 to $6.25 and set a “sector perform” rating for the company in a research report on Thursday.

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.