Dynamic Technology Lab Private Ltd Buys 32,766 Shares of Sandstorm Gold Ltd. (NYSE:SAND)

Dynamic Technology Lab Private Ltd lifted its stake in Sandstorm Gold Ltd. (NYSE:SAND) by 219.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 47,727 shares of the company’s stock after buying an additional 32,766 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in Sandstorm Gold were worth $286,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Allworth Financial LP bought a new stake in Sandstorm Gold in the third quarter valued at about $60,000. Mather Group LLC. acquired a new position in shares of Sandstorm Gold in the 2nd quarter worth approximately $67,000. Oak Family Advisors LLC bought a new position in shares of Sandstorm Gold during the 2nd quarter worth approximately $88,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Sandstorm Gold in the 2nd quarter valued at $94,000. Finally, Oxbow Advisors LLC grew its position in Sandstorm Gold by 34.3% in the second quarter. Oxbow Advisors LLC now owns 20,556 shares of the company’s stock valued at $112,000 after acquiring an additional 5,254 shares during the period. 51.97% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. HC Wainwright lifted their price objective on Sandstorm Gold from $11.50 to $12.00 and gave the company a “buy” rating in a report on Monday, November 11th. Royal Bank of Canada cut their price target on shares of Sandstorm Gold from $6.50 to $6.00 and set an “outperform” rating for the company in a report on Tuesday, September 10th. Finally, StockNews.com cut shares of Sandstorm Gold from a “buy” rating to a “hold” rating in a research note on Thursday, November 14th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $8.35.

Sandstorm Gold Stock Down 0.7 %

Shares of NYSE:SAND opened at $5.79 on Monday. The company has a quick ratio of 2.29, a current ratio of 2.29 and a debt-to-equity ratio of 0.26. The firm has a market cap of $1.72 billion, a P/E ratio of 48.25 and a beta of 1.13. Sandstorm Gold Ltd. has a 12 month low of $3.96 and a 12 month high of $6.50. The company’s 50-day moving average price is $5.94 and its two-hundred day moving average price is $5.73.

Sandstorm Gold (NYSE:SAND) last released its quarterly earnings results on Thursday, November 7th. The company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.03 by ($0.01). Sandstorm Gold had a net margin of 20.46% and a return on equity of 2.44%. The company had revenue of $44.70 million for the quarter, compared to the consensus estimate of $44.70 million. As a group, research analysts forecast that Sandstorm Gold Ltd. will post 0.09 EPS for the current fiscal year.

Sandstorm Gold Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 25th. Stockholders of record on Tuesday, October 15th were given a dividend of $0.015 per share. The ex-dividend date was Tuesday, October 15th. This represents a $0.06 dividend on an annualized basis and a dividend yield of 1.04%. This is an increase from Sandstorm Gold’s previous quarterly dividend of $0.01. Sandstorm Gold’s payout ratio is presently 41.67%.

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.