Sandstorm Gold Ltd. (NYSE:SAND) Stock Holdings Lifted by TD Asset Management Inc

TD Asset Management Inc lifted its stake in shares of Sandstorm Gold Ltd. (NYSE:SAND) by 1.1% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 670,160 shares of the company’s stock after acquiring an additional 7,462 shares during the quarter. TD Asset Management Inc’s holdings in Sandstorm Gold were worth $3,644,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Principal Securities Inc. purchased a new position in Sandstorm Gold in the 4th quarter worth about $25,000. Perritt Capital Management Inc. acquired a new position in shares of Sandstorm Gold in the first quarter worth about $31,000. Creekmur Asset Management LLC purchased a new position in shares of Sandstorm Gold in the fourth quarter worth approximately $39,000. Oxford Asset Management LLP acquired a new stake in shares of Sandstorm Gold during the fourth quarter valued at approximately $53,000. Finally, Jump Financial LLC purchased a new stake in shares of Sandstorm Gold in the 4th quarter valued at approximately $59,000. 51.97% of the stock is owned by institutional investors.

Analyst Ratings Changes

SAND has been the subject of a number of recent analyst reports. HC Wainwright raised their price objective on shares of Sandstorm Gold from $11.00 to $11.50 and gave the stock a “buy” rating in a research note on Monday, August 5th. Scotiabank raised their target price on Sandstorm Gold from $6.25 to $6.50 and gave the stock a “sector perform” rating in a research report on Thursday, May 23rd. StockNews.com lowered Sandstorm Gold from a “buy” rating to a “hold” rating in a research report on Monday, August 26th. CIBC raised their price objective on Sandstorm Gold from $9.00 to $9.50 and gave the stock a “neutral” rating in a research report on Wednesday, July 10th. Finally, Royal Bank of Canada lowered their target price on Sandstorm Gold from $6.50 to $6.00 and set an “outperform” rating on the stock in a research note on Tuesday. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Sandstorm Gold currently has a consensus rating of “Moderate Buy” and an average target price of $8.38.

Sandstorm Gold Trading Up 6.6 %

Sandstorm Gold stock opened at $6.02 on Friday. The company has a quick ratio of 1.99, a current ratio of 1.99 and a debt-to-equity ratio of 0.27. Sandstorm Gold Ltd. has a 12 month low of $3.96 and a 12 month high of $6.07. The company’s fifty day simple moving average is $5.58 and its 200-day simple moving average is $5.41. The stock has a market cap of $1.79 billion, a P/E ratio of 75.20 and a beta of 1.14.

Sandstorm Gold (NYSE:SAND) last issued its earnings results on Thursday, August 1st. The company reported $0.03 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.01. Sandstorm Gold had a return on equity of 2.06% and a net margin of 17.55%. The firm had revenue of $41.37 million for the quarter, compared to the consensus estimate of $40.50 million. During the same quarter in the previous year, the company posted $0.01 earnings per share. As a group, sell-side analysts forecast that Sandstorm Gold Ltd. will post 0.09 EPS for the current fiscal year.

Sandstorm Gold Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 26th. Investors of record on Tuesday, July 16th were issued a $0.0146 dividend. The ex-dividend date was Tuesday, July 16th. This represents a $0.06 dividend on an annualized basis and a yield of 0.97%. Sandstorm Gold’s dividend payout ratio is currently 75.01%.

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.