Creative Planning Has $114,000 Stock Position in Sandstorm Gold Ltd. (NYSE:SAND)

Creative Planning lessened its holdings in Sandstorm Gold Ltd. (NYSE:SAND) by 64.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,979 shares of the company’s stock after selling 33,752 shares during the period. Creative Planning’s holdings in Sandstorm Gold were worth $114,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Perritt Capital Management Inc. bought a new position in shares of Sandstorm Gold during the first quarter valued at about $31,000. Mather Group LLC. purchased a new stake in shares of Sandstorm Gold during the second quarter valued at approximately $67,000. Oak Family Advisors LLC bought a new stake in Sandstorm Gold during the second quarter worth $88,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in Sandstorm Gold in the second quarter worth $94,000. Finally, Oxbow Advisors LLC grew its stake in Sandstorm Gold by 34.3% in the 2nd quarter. Oxbow Advisors LLC now owns 20,556 shares of the company’s stock valued at $112,000 after purchasing an additional 5,254 shares during the period. Institutional investors own 51.97% of the company’s stock.

Sandstorm Gold Price Performance

Shares of NYSE:SAND opened at $5.42 on Wednesday. The firm has a market capitalization of $1.61 billion, a PE ratio of 45.63 and a beta of 1.13. The company has a quick ratio of 1.99, a current ratio of 1.99 and a debt-to-equity ratio of 0.27. The company has a 50-day moving average price of $5.99 and a two-hundred day moving average price of $5.73. Sandstorm Gold Ltd. has a twelve month low of $3.96 and a twelve month high of $6.50.

Sandstorm Gold (NYSE:SAND) last announced its quarterly earnings results on Thursday, November 7th. The company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.01). Sandstorm Gold had a net margin of 20.46% and a return on equity of 2.44%. The business had revenue of $44.70 million for the quarter, compared to analysts’ expectations of $44.70 million. Equities analysts forecast that Sandstorm Gold Ltd. will post 0.09 EPS for the current year.

Sandstorm Gold Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 25th. Stockholders of record on Tuesday, October 15th were issued a $0.015 dividend. This is a positive change from Sandstorm Gold’s previous quarterly dividend of $0.01. This represents a $0.06 dividend on an annualized basis and a dividend yield of 1.11%. The ex-dividend date was Tuesday, October 15th. Sandstorm Gold’s dividend payout ratio (DPR) is presently 41.67%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on SAND. Royal Bank of Canada cut their price target on shares of Sandstorm Gold from $6.50 to $6.00 and set an “outperform” rating on the stock in a report on Tuesday, September 10th. StockNews.com upgraded shares of Sandstorm Gold from a “hold” rating to a “buy” rating in a research note on Friday, September 27th. Finally, HC Wainwright raised their price target on shares of Sandstorm Gold from $11.50 to $12.00 and gave the stock a “buy” rating in a research note on Monday. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $8.35.

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.