Farther Finance Advisors LLC Boosts Position in Sandstorm Gold Ltd $SAND

Farther Finance Advisors LLC lifted its holdings in shares of Sandstorm Gold Ltd (NYSE:SAND) by 181.8% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,100 shares of the company’s stock after acquiring an additional 2,000 shares during the quarter. Farther Finance Advisors LLC’s holdings in Sandstorm Gold were worth $29,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Venture Visionary Partners LLC bought a new position in shares of Sandstorm Gold during the first quarter valued at approximately $91,000. United Advisor Group LLC bought a new position in shares of Sandstorm Gold during the first quarter valued at approximately $118,000. FORA Capital LLC bought a new position in shares of Sandstorm Gold during the first quarter valued at approximately $121,000. Bank of New York Mellon Corp raised its holdings in shares of Sandstorm Gold by 43.8% during the first quarter. Bank of New York Mellon Corp now owns 19,989 shares of the company’s stock valued at $151,000 after acquiring an additional 6,092 shares in the last quarter. Finally, Northwest & Ethical Investments L.P. raised its holdings in shares of Sandstorm Gold by 175.3% during the first quarter. Northwest & Ethical Investments L.P. now owns 21,074 shares of the company’s stock valued at $159,000 after acquiring an additional 13,420 shares in the last quarter. Institutional investors own 51.97% of the company’s stock.

Sandstorm Gold Price Performance

SAND opened at $12.81 on Thursday. The stock has a 50-day moving average price of $11.28 and a 200-day moving average price of $9.60. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.40 and a quick ratio of 2.40. The firm has a market cap of $3.78 billion, a PE ratio of 106.75 and a beta of 0.51. Sandstorm Gold Ltd has a 1 year low of $5.33 and a 1 year high of $12.85.

Sandstorm Gold (NYSE:SAND) last posted 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. The firm had revenue of $51.42 million during the quarter, compared to analyst estimates of $68.43 million. Sandstorm Gold had a return on equity of 2.38% and a net margin of 17.78%. Sell-side analysts predict that Sandstorm Gold Ltd will post 0.18 earnings per share for the current fiscal year.

Sandstorm Gold Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 7th. Shareholders of record on Friday, September 26th were given a $0.02 dividend. The ex-dividend date of this dividend was Friday, September 26th. This represents a $0.08 dividend on an annualized basis and a yield of 0.6%. Sandstorm Gold’s payout ratio is 50.00%.

Wall Street Analysts Forecast Growth

SAND has been the subject of a number of recent analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of Sandstorm Gold in a report on Saturday, September 27th. TD Securities cut Sandstorm Gold from a “buy” rating to a “sell” rating and set a $14.00 price target on the stock. in a research note on Thursday, July 10th. Stifel Canada cut Sandstorm Gold from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 21st. Finally, National Bankshares reaffirmed an “outperform” rating on shares of Sandstorm Gold in a research note on Tuesday, June 24th. Four research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $10.15.

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.