Brighton Jones LLC Takes Position in Sandstorm Gold Ltd. (NYSE:SAND)

Brighton Jones LLC bought a new stake in Sandstorm Gold Ltd. (NYSE:SAND) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 19,737 shares of the company’s stock, valued at approximately $99,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Van ECK Associates Corp raised its stake in Sandstorm Gold by 2.3% during the 4th quarter. Van ECK Associates Corp now owns 28,838,800 shares of the company’s stock valued at $145,059,000 after acquiring an additional 657,177 shares during the last quarter. Bar Harbor Wealth Management raised its stake in shares of Sandstorm Gold by 1.7% during the third quarter. Bar Harbor Wealth Management now owns 1,177,067 shares of the company’s stock worth $5,485,000 after purchasing an additional 19,439 shares during the last quarter. American Century Companies Inc. lifted its holdings in shares of Sandstorm Gold by 1,787.2% during the third quarter. American Century Companies Inc. now owns 1,049,830 shares of the company’s stock worth $4,893,000 after purchasing an additional 994,200 shares during the period. U S Global Investors Inc. grew its position in Sandstorm Gold by 8.3% in the 4th quarter. U S Global Investors Inc. now owns 933,690 shares of the company’s stock valued at $4,696,000 after buying an additional 71,654 shares during the last quarter. Finally, Public Sector Pension Investment Board increased its stake in Sandstorm Gold by 3.7% in the 3rd quarter. Public Sector Pension Investment Board now owns 531,072 shares of the company’s stock valued at $2,494,000 after buying an additional 18,931 shares during the period. Hedge funds and other institutional investors own 51.97% of the company’s stock.

Sandstorm Gold Stock Performance

Shares of SAND stock opened at $5.43 on Friday. The company has a current ratio of 3.32, a quick ratio of 3.32 and a debt-to-equity ratio of 0.30. The stock has a 50 day simple moving average of $5.09 and a 200-day simple moving average of $4.84. The company has a market cap of $1.62 billion, a price-to-earnings ratio of 67.88 and a beta of 1.08. Sandstorm Gold Ltd. has a 12-month low of $3.96 and a 12-month high of $6.24.

Sandstorm Gold (NYSE:SAND) last announced its quarterly earnings data on Thursday, February 15th. The company reported $0.08 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.06. Sandstorm Gold had a return on equity of 1.52% and a net margin of 12.24%. The firm had revenue of $44.50 million for the quarter, compared to analyst estimates of $46.30 million. On average, equities analysts forecast that Sandstorm Gold Ltd. will post 0.09 EPS for the current year.

Sandstorm Gold Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 26th. Investors of record on Tuesday, April 16th were paid a $0.0147 dividend. This represents a $0.06 annualized dividend and a dividend yield of 1.08%. The ex-dividend date of this dividend was Monday, April 15th. Sandstorm Gold’s dividend payout ratio (DPR) is 37.50%.

Analyst Upgrades and Downgrades

Separately, Scotiabank reduced their target price on shares of Sandstorm Gold from $6.50 to $6.25 and set a “sector perform” rating for the company in a research note on Thursday, April 18th.

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.