Integrity Alliance LLC. Trims Holdings in Sandstorm Gold Ltd $SAND

Integrity Alliance LLC. decreased its holdings in Sandstorm Gold Ltd (NYSE:SAND) by 45.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,657 shares of the company’s stock after selling 11,401 shares during the quarter. Integrity Alliance LLC.’s holdings in Sandstorm Gold were worth $103,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Boston Partners raised its position in Sandstorm Gold by 15.9% in the 1st quarter. Boston Partners now owns 11,374,157 shares of the company’s stock valued at $85,875,000 after purchasing an additional 1,562,142 shares during the last quarter. Invesco Ltd. raised its position in Sandstorm Gold by 3.6% in the 1st quarter. Invesco Ltd. now owns 6,760,201 shares of the company’s stock valued at $51,040,000 after purchasing an additional 237,955 shares during the last quarter. Sprott Inc. raised its position in Sandstorm Gold by 18.3% in the 1st quarter. Sprott Inc. now owns 5,281,973 shares of the company’s stock valued at $39,880,000 after purchasing an additional 816,130 shares during the last quarter. Two Sigma Advisers LP raised its position in Sandstorm Gold by 580.6% in the 4th quarter. Two Sigma Advisers LP now owns 2,314,684 shares of the company’s stock valued at $12,916,000 after purchasing an additional 1,974,600 shares during the last quarter. Finally, Wellington Management Group LLP acquired a new position in Sandstorm Gold in the 1st quarter valued at $15,617,000. Hedge funds and other institutional investors own 51.97% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Stifel Canada downgraded shares of Sandstorm Gold from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 21st. National Bankshares restated an “outperform” rating on shares of Sandstorm Gold in a research report on Tuesday, June 24th. TD Securities downgraded shares of Sandstorm Gold from a “buy” rating to a “sell” rating and set a $14.00 price objective for the company. in a research report on Thursday, July 10th. Finally, Wall Street Zen upgraded shares of Sandstorm Gold from a “hold” rating to a “buy” rating in a research report on Wednesday, May 21st. Four analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $10.15.

Sandstorm Gold Price Performance

Shares of NYSE SAND opened at $11.79 on Monday. The stock has a market cap of $3.46 billion, a price-to-earnings ratio of 98.25 and a beta of 0.52. Sandstorm Gold Ltd has a 52 week low of $5.33 and a 52 week high of $11.88. The company’s 50-day moving average price is $10.38 and its 200 day moving average price is $8.92. The company has a current ratio of 2.40, a quick ratio of 2.40 and a debt-to-equity ratio of 0.22.

Sandstorm Gold (NYSE:SAND) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.05 EPS for the quarter, meeting analysts’ consensus estimates of $0.05. The firm had revenue of $51.42 million for the quarter, compared to analysts’ expectations of $68.43 million. Sandstorm Gold had a net margin of 17.78% and a return on equity of 2.38%. As a group, research analysts forecast that Sandstorm Gold Ltd will post 0.18 earnings per share for the current fiscal year.

Sandstorm Gold Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 25th. Investors of record on Tuesday, July 15th were paid a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend was Tuesday, July 15th. This is a positive change from Sandstorm Gold’s previous quarterly dividend of $0.01. Sandstorm Gold’s dividend payout ratio is currently 50.00%.

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.