SG Americas Securities LLC Buys 2,307 Shares of Sandstorm Gold Ltd (NYSE:SAND)

SG Americas Securities LLC increased its holdings in shares of Sandstorm Gold Ltd (NYSE:SAND) by 2.1% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 111,762 shares of the company’s stock after purchasing an additional 2,307 shares during the quarter. SG Americas Securities LLC’s holdings in Sandstorm Gold were worth $844,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Olympiad Research LP bought a new position in Sandstorm Gold in the 4th quarter worth $133,000. C WorldWide Group Holding A S grew its stake in shares of Sandstorm Gold by 10.0% during the fourth quarter. C WorldWide Group Holding A S now owns 398,069 shares of the company’s stock valued at $2,221,000 after buying an additional 36,257 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Sandstorm Gold by 21.0% during the fourth 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. Sprott Inc. boosted its holdings in shares of Sandstorm Gold by 77.9% in the fourth quarter. Sprott Inc. now owns 4,465,843 shares of the company’s stock valued at $24,925,000 after purchasing an additional 1,955,916 shares during the period. Finally, Oppenheimer Asset Management Inc. purchased a new stake in Sandstorm Gold in the fourth quarter worth about $93,000. Institutional investors own 51.97% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on SAND shares. Raymond James Financial set a $9.75 target price on shares of Sandstorm Gold and gave the stock an “outperform” rating in a report on Wednesday, May 7th. HC Wainwright boosted their target price on shares of Sandstorm Gold from $11.50 to $11.75 and gave the company a “buy” rating in a research note on Thursday, May 8th. Wall Street Zen raised shares of Sandstorm Gold from a “hold” rating to a “buy” rating in a report on Wednesday, May 21st. Royal Bank Of Canada boosted their price target on shares of Sandstorm Gold from $6.50 to $7.00 and gave the stock an “outperform” rating in a research report on Friday, April 4th. Finally, Scotiabank increased their price target on shares of Sandstorm Gold from $7.25 to $8.25 and gave the company a “sector perform” rating in a research note on Monday, April 14th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, Sandstorm Gold presently has a consensus rating of “Moderate Buy” and an average target price of $9.25.

Sandstorm Gold Price Performance

Shares of SAND opened at $9.19 on Friday. The firm’s 50 day moving average price is $8.69 and its 200 day moving average price is $7.05. The company has a market cap of $2.69 billion, a P/E ratio of 91.86 and a beta of 0.46. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 0.24. Sandstorm Gold Ltd has a fifty-two week low of $4.92 and a fifty-two week high of $9.68.

Sandstorm Gold (NYSE:SAND) last released its quarterly earnings data on Tuesday, May 6th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.01). The firm had revenue of $50.10 million for the quarter, compared to analysts’ expectations of $71.61 million. Sandstorm Gold had a return on equity of 2.00% and a net margin of 15.80%. On average, research analysts forecast that Sandstorm Gold Ltd will post 0.18 earnings per share for the current fiscal year.

Sandstorm Gold Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 25th. Investors of record on Monday, April 14th were given a $0.014 dividend. The ex-dividend date of this dividend was Monday, April 14th. This represents a $0.06 annualized dividend and a yield of 0.61%. Sandstorm Gold’s dividend payout ratio (DPR) is 60.00%.

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.