Cambridge Investment Research Advisors Inc. Raises Stock Position in Sandstorm Gold Ltd (NYSE:SAND)

Cambridge Investment Research Advisors Inc. raised its stake in Sandstorm Gold Ltd (NYSE:SAND) by 14.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 61,184 shares of the company’s stock after buying an additional 7,838 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Sandstorm Gold were worth $462,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in SAND. Intact Investment Management Inc. boosted its holdings in shares of Sandstorm Gold by 10.3% in the 1st quarter. Intact Investment Management Inc. now owns 298,000 shares of the company’s stock valued at $2,245,000 after acquiring an additional 27,800 shares during the last quarter. PFG Investments LLC boosted its stake in shares of Sandstorm Gold by 8.8% in the first quarter. PFG Investments LLC now owns 34,979 shares of the company’s stock worth $264,000 after acquiring an additional 2,829 shares during the last quarter. United Advisor Group LLC purchased a new position in shares of Sandstorm Gold in the first quarter worth about $118,000. SG Americas Securities LLC raised its stake in Sandstorm Gold by 2.1% during the first quarter. SG Americas Securities LLC now owns 111,762 shares of the company’s stock worth $844,000 after purchasing an additional 2,307 shares during the period. Finally, PKO Investment Management Joint Stock Co purchased a new position in Sandstorm Gold during the fourth quarter worth about $1,177,000. 51.97% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

SAND has been the subject of several research analyst reports. Raymond James Financial set a $9.75 target price on shares of Sandstorm Gold and gave the company an “outperform” rating in a report on Wednesday, May 7th. Scotiabank increased their price objective on shares of Sandstorm Gold from $7.25 to $8.25 and gave the stock a “sector perform” rating in a report on Monday, April 14th. TD Securities lowered shares of Sandstorm Gold from a “buy” rating to a “sell” rating and set a $14.00 price target on the stock. in a report on Thursday. Royal Bank Of Canada lifted their price objective on shares of Sandstorm Gold from $6.50 to $7.00 and gave the company an “outperform” rating in a research note on Friday, April 4th. Finally, Wall Street Zen raised shares of Sandstorm Gold from a “hold” rating to a “buy” rating in a research report on Wednesday, May 21st. One analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, Sandstorm Gold has an average rating of “Moderate Buy” and a consensus price target of $10.15.

Sandstorm Gold Stock Down 0.4%

NYSE:SAND opened at $9.84 on Friday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.77 and a current ratio of 1.77. The stock has a 50-day simple moving average of $9.02 and a 200 day simple moving average of $7.45. The company has a market cap of $2.88 billion, a PE ratio of 98.36 and a beta of 0.46. Sandstorm Gold Ltd has a 52-week low of $4.92 and a 52-week high of $10.44.

Sandstorm Gold (NYSE:SAND) last issued its quarterly earnings results 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 business had revenue of $50.10 million during the quarter, compared to the consensus estimate of $71.61 million. Sandstorm Gold had a net margin of 15.80% and a return on equity of 2.00%. On average, sell-side analysts expect that Sandstorm Gold Ltd will post 0.18 EPS for the current fiscal year.

Sandstorm Gold Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 25th. Shareholders of record on Tuesday, July 15th will be issued a dividend of $0.02 per share. This is a positive change from Sandstorm Gold’s previous quarterly dividend of $0.01. This represents a $0.08 dividend on an annualized basis and a yield of 0.81%. The ex-dividend date of this dividend is Tuesday, July 15th. Sandstorm Gold’s payout ratio is currently 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.