Zurcher Kantonalbank Zurich Cantonalbank Has $605,000 Stock Position in Sandstorm Gold Ltd (NYSE:SAND)

Zurcher Kantonalbank Zurich Cantonalbank grew its position in Sandstorm Gold Ltd (NYSE:SAND) by 26.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 80,295 shares of the company’s stock after buying an additional 16,741 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Sandstorm Gold were worth $605,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in SAND. Cantor Fitzgerald L. P. acquired a new stake in shares of Sandstorm Gold during the fourth quarter worth approximately $56,000. Fiduciary Trust Co acquired a new stake in shares of Sandstorm Gold during the fourth quarter worth approximately $86,000. Rossby Financial LCC acquired a new stake in shares of Sandstorm Gold during the fourth quarter worth approximately $112,000. United Advisor Group LLC acquired a new stake in shares of Sandstorm Gold during the first quarter worth approximately $118,000. Finally, Commonwealth Equity Services LLC boosted its holdings in shares of Sandstorm Gold by 28.5% during the fourth quarter. Commonwealth Equity Services LLC now owns 21,736 shares of the company’s stock worth $121,000 after purchasing an additional 4,817 shares during the period. 51.97% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently commented on SAND. National Bankshares restated an “outperform” rating on shares of Sandstorm Gold in a report on Tuesday, June 24th. Wall Street Zen upgraded shares of Sandstorm Gold from a “hold” rating to a “buy” rating in a report on Wednesday, May 21st. Scotiabank lifted their target price 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. Stifel Canada cut shares of Sandstorm Gold from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 21st. Finally, HC Wainwright lifted 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. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $10.15.

Sandstorm Gold Trading Up 0.8%

NYSE:SAND opened at $9.95 on Thursday. Sandstorm Gold Ltd has a 12 month low of $5.03 and a 12 month high of $10.44. The firm has a market cap of $2.92 billion, a price-to-earnings ratio of 99.54 and a beta of 0.47. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 0.24. The company’s 50 day moving average is $9.44 and its 200-day moving average is $7.97.

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

Sandstorm Gold Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 25th. Investors of record on Tuesday, July 15th were given a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a yield of 0.8%. This is an increase from Sandstorm Gold’s previous quarterly dividend of $0.01. The ex-dividend date of this dividend was Tuesday, July 15th. Sandstorm Gold’s payout ratio is presently 60.00%.

About Sandstorm Gold

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.