Swiss National Bank Buys 19,000 Shares of Sandstorm Gold Ltd $SAND

Swiss National Bank grew its stake in shares of Sandstorm Gold Ltd (NYSE:SAND) by 3.8% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 520,762 shares of the company’s stock after acquiring an additional 19,000 shares during the period. Swiss National Bank owned about 0.18% of Sandstorm Gold worth $3,926,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Money Concepts Capital Corp grew its position in shares of Sandstorm Gold by 0.9% during the 1st quarter. Money Concepts Capital Corp now owns 179,107 shares of the company’s stock valued at $1,352,000 after acquiring an additional 1,608 shares during the period. SG Americas Securities LLC grew its stake in Sandstorm Gold by 2.1% in the 1st quarter. SG Americas Securities LLC now owns 111,762 shares of the company’s stock valued at $844,000 after buying an additional 2,307 shares in the last quarter. PFG Investments LLC grew its stake in Sandstorm Gold by 8.8% in the 1st quarter. PFG Investments LLC now owns 34,979 shares of the company’s stock valued at $264,000 after buying an additional 2,829 shares in the last quarter. Optimum Investment Advisors raised its holdings in Sandstorm Gold by 14.7% during the 1st quarter. Optimum Investment Advisors now owns 23,400 shares of the company’s stock valued at $177,000 after acquiring an additional 3,000 shares during the period. Finally, Ancora Advisors LLC raised its holdings in Sandstorm Gold by 0.9% during the 4th quarter. Ancora Advisors LLC now owns 399,540 shares of the company’s stock valued at $2,229,000 after acquiring an additional 3,640 shares during the period. 51.97% of the stock is owned by institutional investors.

Sandstorm Gold Stock Up 1.7%

Shares of NYSE:SAND opened at $10.5050 on Thursday. The firm has a fifty day moving average price of $9.71 and a two-hundred day moving average price of $8.30. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.40 and a quick ratio of 2.40. Sandstorm Gold Ltd has a one year low of $5.33 and a one year high of $10.76. The company has a market cap of $3.08 billion, a price-to-earnings ratio of 87.54 and a beta of 0.47.

Sandstorm Gold (NYSE:SAND) last announced its quarterly earnings results on Thursday, August 7th. The company reported $0.05 EPS for the quarter, meeting the consensus estimate of $0.05. Sandstorm Gold had a net margin of 17.78% and a return on equity of 2.38%. The firm had revenue of $51.42 million during the quarter, compared to the consensus estimate of $68.43 million. Analysts anticipate 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 was paid on Friday, July 25th. Stockholders of record on Tuesday, July 15th were given a dividend of $0.02 per share. This is an increase from Sandstorm Gold’s previous quarterly dividend of $0.01. The ex-dividend date was Tuesday, July 15th. This represents a $0.08 annualized dividend and a dividend yield of 0.8%. Sandstorm Gold’s dividend payout ratio is 50.00%.

Analyst Upgrades and Downgrades

SAND has been the topic of a number of analyst reports. National Bankshares reissued an “outperform” rating on shares of Sandstorm Gold in a report on Tuesday, June 24th. 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 report on Thursday, May 8th. TD Securities cut shares of Sandstorm Gold from a “buy” rating to a “sell” rating and set a $14.00 target price on the stock. in a report on Thursday, July 10th. Wall Street Zen raised shares of Sandstorm Gold from a “hold” rating to a “buy” rating in a report on Wednesday, May 21st. Finally, Stifel Canada cut shares of Sandstorm Gold from a “strong-buy” rating to a “hold” rating in a report on Monday, July 21st. Four equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $10.15.

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.