Russell Investments Group Ltd. Grows Position in Sandstorm Gold Ltd $SAND

Russell Investments Group Ltd. increased its position in Sandstorm Gold Ltd (NYSE:SAND) by 4.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 437,521 shares of the company’s stock after buying an additional 20,029 shares during the quarter. Russell Investments Group Ltd. owned 0.15% of Sandstorm Gold worth $3,303,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Cantor Fitzgerald L. P. purchased a new position in shares of Sandstorm Gold in the fourth quarter valued at about $56,000. Fiduciary Trust Co bought a new stake in shares of Sandstorm Gold in the fourth quarter worth about $86,000. United Advisor Group LLC purchased a new position in Sandstorm Gold during the 1st quarter valued at about $118,000. Bank of New York Mellon Corp raised its position in Sandstorm Gold by 43.8% during the 1st quarter. Bank of New York Mellon Corp now owns 19,989 shares of the company’s stock valued at $151,000 after purchasing an additional 6,092 shares during the last quarter. Finally, Optimum Investment Advisors lifted its holdings in Sandstorm Gold by 14.7% in the 1st quarter. Optimum Investment Advisors now owns 23,400 shares of the company’s stock worth $177,000 after buying an additional 3,000 shares during the period. Hedge funds and other institutional investors own 51.97% of the company’s stock.

Sandstorm Gold Stock Performance

Shares of SAND stock opened at $10.9750 on Friday. Sandstorm Gold Ltd has a 12 month low of $5.33 and a 12 month high of $11.01. The stock has a market cap of $3.22 billion, a PE ratio of 91.46 and a beta of 0.47. The company has a current ratio of 2.40, a quick ratio of 2.40 and a debt-to-equity ratio of 0.22. The company’s fifty day moving average price is $9.77 and its 200-day moving average price is $8.38.

Sandstorm Gold (NYSE:SAND) last issued its quarterly earnings results on Thursday, August 7th. The company reported $0.05 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.05. Sandstorm Gold had a net margin of 17.78% and a return on equity of 2.38%. The company had revenue of $51.42 million during the quarter, compared to analyst estimates of $68.43 million. On average, equities analysts expect that Sandstorm Gold Ltd will post 0.18 EPS for the current fiscal year.

Sandstorm Gold Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 25th. Stockholders of record on Tuesday, July 15th were issued a dividend of $0.02 per share. The ex-dividend date was Tuesday, July 15th. This is a positive change from Sandstorm Gold’s previous quarterly dividend of $0.01. This represents a $0.08 annualized dividend and a dividend yield of 0.7%. Sandstorm Gold’s dividend payout ratio (DPR) is 50.00%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on SAND. Wall Street Zen raised Sandstorm Gold from a “hold” rating to a “buy” rating in a research note on Wednesday, May 21st. National Bankshares reissued an “outperform” rating on shares of Sandstorm Gold in a research report on Tuesday, June 24th. Raymond James Financial set a $9.75 target price on shares of Sandstorm Gold and gave the stock an “outperform” rating in a research report on Wednesday, May 7th. TD Securities lowered shares of Sandstorm Gold from a “buy” rating to a “sell” rating and set a $14.00 target price on the stock. in a research note on Thursday, July 10th. Finally, HC Wainwright boosted their price target on shares of Sandstorm Gold from $11.50 to $11.75 and gave the company a “buy” rating in a research report on Thursday, May 8th. Four equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Sandstorm Gold currently has an average rating of “Hold” and an average price target of $10.15.

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.