Clearbridge Investments LLC Invests $1.30 Million in Sandstorm Gold Ltd. (NYSE:SAND)

Clearbridge Investments LLC bought a new position in Sandstorm Gold Ltd. (NYSE:SANDFree Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 259,825 shares of the company’s stock, valued at approximately $1,299,000. Clearbridge Investments LLC owned 0.09% of Sandstorm Gold at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Van ECK Associates Corp boosted its position in shares of Sandstorm Gold by 2.3% in the fourth quarter. Van ECK Associates Corp now owns 28,838,800 shares of the company’s stock worth $145,059,000 after buying an additional 657,177 shares during the period. Bar Harbor Wealth Management lifted its stake in shares of 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. American Century Companies Inc. lifted 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 in the last quarter. U S Global Investors Inc. lifted its stake in shares of Sandstorm Gold by 8.3% in the fourth quarter. U S Global Investors Inc. now owns 933,690 shares of the company’s stock worth $4,696,000 after acquiring an additional 71,654 shares in the last quarter. Finally, National Bank of Canada FI lifted its stake in shares of Sandstorm Gold by 11.4% in the fourth quarter. National Bank of Canada FI now owns 798,996 shares of the company’s stock worth $3,940,000 after acquiring an additional 81,594 shares in the last quarter. Hedge funds and other institutional investors own 51.97% of the company’s stock.

Sandstorm Gold Stock Performance

Shares of NYSE SAND opened at $5.80 on Monday. The stock has a fifty day moving average price of $5.45 and a two-hundred day moving average price of $4.95. The company has a debt-to-equity ratio of 0.29, a quick ratio of 2.26 and a current ratio of 2.26. The firm has a market cap of $1.73 billion, a P/E ratio of 72.51 and a beta of 1.08. Sandstorm Gold Ltd. has a 1 year low of $3.96 and a 1 year high of $6.07.

Sandstorm Gold (NYSE:SANDGet Free Report) last issued its quarterly earnings results on Thursday, May 2nd. The company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.02). Sandstorm Gold had a net margin of 12.24% and a return on equity of 1.52%. The firm had revenue of $42.81 million for the quarter, compared to the consensus estimate of $42.80 million. Research analysts forecast that Sandstorm Gold Ltd. will post 0.08 EPS for the current fiscal year.

Sandstorm Gold Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 26th. Stockholders of record on Tuesday, April 16th were issued a $0.0147 dividend. The ex-dividend date was Monday, April 15th. This represents a $0.06 dividend on an annualized basis and a dividend yield of 1.01%. Sandstorm Gold’s payout ratio is currently 75.01%.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Scotiabank boosted their price target on Sandstorm Gold from $6.25 to $6.50 and gave the stock a “sector perform” rating in a research note on Thursday. HC Wainwright restated a “buy” rating and set a $11.00 price objective on shares of Sandstorm Gold in a research note on Monday, May 6th.

Check Out Our Latest Report on Sandstorm Gold

About Sandstorm Gold

(Free Report)

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.

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Institutional Ownership by Quarter for Sandstorm Gold (NYSE:SAND)

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