Sandstorm Gold Ltd. (NYSE:SAND) Shares Acquired by Geode Capital Management LLC

Geode Capital Management LLC increased its position in shares of Sandstorm Gold Ltd. (NYSE:SAND) by 3.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 129,749 shares of the company’s stock after purchasing an additional 4,068 shares during the period. Geode Capital Management LLC’s holdings in Sandstorm Gold were worth $731,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Lifeworks Advisors LLC acquired a new stake in Sandstorm Gold during the 4th quarter valued at $57,000. Meixler Investment Management Ltd. acquired a new stake in shares of Sandstorm Gold in the fourth quarter worth $66,000. JTC Employer Solutions Trustee Ltd acquired a new position in shares of Sandstorm Gold during the 4th quarter worth about $72,000. Bank of New York Mellon Corp boosted its holdings in Sandstorm Gold by 21.0% in the 4th quarter. Bank of New York Mellon Corp now owns 13,897 shares of the company’s stock valued at $78,000 after purchasing an additional 2,416 shares during the period. Finally, Fiduciary Family Office LLC bought a new stake in shares of Sandstorm Gold in the 4th quarter worth approximately $93,000. 51.97% of the stock is currently owned by institutional investors.

Sandstorm Gold Stock Down 3.5 %

Shares of SAND opened at $8.40 on Friday. Sandstorm Gold Ltd. has a 52 week low of $4.92 and a 52 week high of $8.82. The firm’s 50-day simple moving average is $7.29 and its 200 day simple moving average is $6.34. 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 $2.46 billion, a P/E ratio of 167.93 and a beta of 0.90.

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

Sandstorm Gold Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 25th. Investors of record on Monday, April 14th were paid a $0.014 dividend. The ex-dividend date was Monday, April 14th. This represents a $0.06 dividend on an annualized basis and a yield of 0.67%. Sandstorm Gold’s dividend payout ratio (DPR) is 100.00%.

Analyst Ratings Changes

SAND has been the subject of several analyst reports. HC Wainwright cut their target price on Sandstorm Gold from $12.00 to $11.50 and set a “buy” rating for the company in a research report on Wednesday, February 19th. StockNews.com upgraded Sandstorm Gold from a “hold” rating to a “buy” rating in a research report on Wednesday, February 26th. Scotiabank upped their price objective on shares of Sandstorm Gold from $7.25 to $8.25 and gave the company a “sector perform” rating in a research report on Monday, April 14th. Royal Bank of Canada upped their target price on shares of Sandstorm Gold from $6.50 to $7.00 and gave the stock an “outperform” rating in a research note on Friday, April 4th. Finally, Raymond James reiterated an “outperform” rating on shares of Sandstorm Gold in a research note on Friday, April 4th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average 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.