Point72 Asia Singapore Pte. Ltd. Makes New Investment in Sandstorm Gold Ltd. (NYSE:SAND)

Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Sandstorm Gold Ltd. (NYSE:SAND) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 17,290 shares of the company’s stock, valued at approximately $94,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Van ECK Associates Corp raised its stake in Sandstorm Gold by 5.9% during the 1st quarter. Van ECK Associates Corp now owns 30,542,674 shares of the company’s stock worth $160,349,000 after buying an additional 1,703,874 shares during the period. Capital International Investors increased its holdings in shares of Sandstorm Gold by 3.1% during the fourth quarter. Capital International Investors now owns 14,452,440 shares of the company’s stock valued at $72,696,000 after acquiring an additional 434,460 shares in the last quarter. Sprott Inc. raised its position in shares of Sandstorm Gold by 6.4% during the fourth quarter. Sprott Inc. now owns 4,048,355 shares of the company’s stock worth $20,365,000 after purchasing an additional 242,554 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its holdings in shares of Sandstorm Gold by 2.2% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 3,634,027 shares of the company’s stock worth $19,766,000 after purchasing an additional 78,032 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in Sandstorm Gold by 42.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,149,232 shares of the company’s stock valued at $17,162,000 after purchasing an additional 935,005 shares during the period. Institutional investors own 51.97% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on SAND. Royal Bank of Canada lowered their price objective on shares of Sandstorm Gold from $6.50 to $6.00 and set an “outperform” rating on the stock in a report on Tuesday, September 10th. CIBC lifted their price target on Sandstorm Gold from $9.00 to $9.50 and gave the company a “neutral” rating in a research note on Wednesday, July 10th. StockNews.com raised Sandstorm Gold from a “hold” rating to a “buy” rating in a research note on Friday, September 27th. Finally, HC Wainwright lifted their target price on Sandstorm Gold from $11.00 to $11.50 and gave the company a “buy” rating in a research report on Monday, August 5th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Sandstorm Gold presently has an average rating of “Moderate Buy” and an average price target of $8.25.

Sandstorm Gold Stock Down 1.0 %

SAND opened at $5.89 on Friday. The company has a 50 day moving average of $5.71 and a 200 day moving average of $5.58. The company has a market cap of $1.75 billion, a PE ratio of 73.63 and a beta of 1.14. Sandstorm Gold Ltd. has a 12 month low of $3.96 and a 12 month high of $6.38. The company has a current ratio of 1.99, a quick ratio of 1.99 and a debt-to-equity ratio of 0.27.

Sandstorm Gold (NYSE:SAND) last posted its quarterly earnings data on Thursday, August 1st. The company reported $0.03 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.01. The firm had revenue of $41.37 million for the quarter, compared to analysts’ expectations 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 company posted $0.01 EPS. On average, sell-side analysts expect that Sandstorm Gold Ltd. will post 0.09 EPS for the current year.

Sandstorm Gold Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 25th. Shareholders of record on Tuesday, October 15th will be issued a $0.015 dividend. The ex-dividend date of this dividend is Tuesday, October 15th. This is a boost from Sandstorm Gold’s previous quarterly dividend of $0.01. This represents a $0.06 annualized dividend and a yield of 1.02%. Sandstorm Gold’s payout ratio is 62.50%.

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.