Bank of Montreal Can Boosts Stake in Sandstorm Gold Ltd. (NYSE:SAND)

Bank of Montreal Can boosted its holdings in shares of Sandstorm Gold Ltd. (NYSE:SAND) by 2.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,560,657 shares of the company’s stock after acquiring an additional 41,623 shares during the period. Bank of Montreal Can owned 0.52% of Sandstorm Gold worth $8,511,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Perritt Capital Management Inc. purchased a new position in shares of Sandstorm Gold during the 1st quarter worth $31,000. Creekmur Asset Management LLC purchased a new position in Sandstorm Gold during the fourth quarter worth about $39,000. Mather Group LLC. acquired a new position in Sandstorm Gold in the 2nd quarter valued at about $67,000. Oak Family Advisors LLC purchased a new stake in shares of Sandstorm Gold in the 2nd quarter valued at approximately $88,000. Finally, Oxbow Advisors LLC increased its holdings in shares of Sandstorm Gold by 34.3% during the 2nd quarter. Oxbow Advisors LLC now owns 20,556 shares of the company’s stock worth $112,000 after buying an additional 5,254 shares during the last quarter. Institutional investors and hedge funds own 51.97% of the company’s stock.

Wall Street Analyst Weigh In

SAND has been the topic of a number of recent analyst reports. CIBC upped their price objective on Sandstorm Gold from $9.00 to $9.50 and gave the company a “neutral” rating in a report on Wednesday, July 10th. Royal Bank of Canada lowered their price target on Sandstorm Gold from $6.50 to $6.00 and set an “outperform” rating for the company in a report on Tuesday, September 10th. HC Wainwright boosted their price objective on shares of Sandstorm Gold from $11.00 to $11.50 and gave the company a “buy” rating in a report on Monday, August 5th. Finally, StockNews.com raised shares of Sandstorm Gold from a “hold” rating to a “buy” rating in a research note on Friday. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $8.25.

Sandstorm Gold Price Performance

SAND opened at $6.01 on Tuesday. The firm has a market cap of $1.79 billion, a price-to-earnings ratio of 75.06 and a beta of 1.14. The company has a current ratio of 1.99, a quick ratio of 1.99 and a debt-to-equity ratio of 0.27. The stock’s 50-day moving average price is $5.69 and its 200 day moving average price is $5.57. Sandstorm Gold Ltd. has a 12-month low of $3.96 and a 12-month high of $6.38.

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

Sandstorm Gold Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 25th. Stockholders of record on Tuesday, October 15th will be given a dividend of $0.015 per share. The ex-dividend date is Tuesday, October 15th. This represents a $0.06 dividend on an annualized basis and a dividend yield of 1.00%. This is a positive change from Sandstorm Gold’s previous quarterly dividend of $0.01. Sandstorm Gold’s dividend payout ratio is currently 62.50%.

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.