Quantbot Technologies LP Purchases 16,779 Shares of Sandstorm Gold Ltd. (NYSE:SAND)

Quantbot Technologies LP grew its position in shares of Sandstorm Gold Ltd. (NYSE:SAND) by 14.4% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 132,996 shares of the company’s stock after buying an additional 16,779 shares during the quarter. Quantbot Technologies LP’s holdings in Sandstorm Gold were worth $798,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently modified their holdings of SAND. Allworth Financial LP acquired a new stake in shares of Sandstorm Gold in the third quarter valued at approximately $60,000. Mather Group LLC. bought a new position in Sandstorm Gold during the 2nd quarter worth $67,000. Oak Family Advisors LLC acquired a new position in Sandstorm Gold in the 2nd quarter valued at $88,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Sandstorm Gold during the 2nd quarter valued at $94,000. Finally, Oxbow Advisors LLC grew 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 purchasing an additional 5,254 shares in the last quarter. Institutional investors and hedge funds own 51.97% of the company’s stock.

Sandstorm Gold Price Performance

SAND stock opened at $5.79 on Monday. The stock has a market cap of $1.72 billion, a price-to-earnings ratio of 48.25 and a beta of 1.13. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.29 and a quick ratio of 2.29. The company has a 50 day simple moving average of $5.94 and a 200 day simple moving average of $5.73. Sandstorm Gold Ltd. has a 1 year low of $3.96 and a 1 year high of $6.50.

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

Sandstorm Gold Increases Dividend

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

Analyst Ratings Changes

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

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.