Sandstorm Gold Ltd. (NYSE:SAND) Shares Purchased by Fiduciary Alliance LLC

Fiduciary Alliance LLC boosted its position in shares of Sandstorm Gold Ltd. (NYSE:SAND) by 119.4% during the 4th quarter, Holdings Channel reports. The institutional investor owned 22,735 shares of the company’s stock after acquiring an additional 12,375 shares during the period. Fiduciary Alliance LLC’s holdings in Sandstorm Gold were worth $127,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Geode Capital Management LLC grew its position in shares of Sandstorm Gold by 7.5% during the 3rd quarter. Geode Capital Management LLC now owns 125,681 shares of the company’s stock valued at $757,000 after acquiring an additional 8,728 shares during the period. Barclays PLC grew its holdings in Sandstorm Gold by 6.4% in the third quarter. Barclays PLC now owns 399,854 shares of the company’s stock valued at $2,400,000 after purchasing an additional 23,947 shares during the period. Public Employees Retirement System of Ohio purchased a new stake in shares of Sandstorm Gold in the third quarter valued at approximately $464,000. Stansberry Asset Management LLC raised its stake in shares of Sandstorm Gold by 17.1% during the 3rd quarter. Stansberry Asset Management LLC now owns 46,569 shares of the company’s stock worth $279,000 after buying an additional 6,817 shares during the period. Finally, Point72 Asset Management L.P. purchased a new position in shares of Sandstorm Gold during the 3rd quarter valued at approximately $153,000. Hedge funds and other institutional investors own 51.97% of the company’s stock.

Analyst Upgrades and Downgrades

SAND has been the subject of a number of research analyst reports. HC Wainwright upped their price objective on shares of Sandstorm Gold from $11.50 to $12.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. StockNews.com lowered shares of Sandstorm Gold from a “buy” rating to a “hold” rating in a research note on Thursday, November 14th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $8.50.

Sandstorm Gold Stock Performance

Shares of Sandstorm Gold stock opened at $5.72 on Wednesday. The business’s 50 day moving average price is $5.65 and its 200 day moving average price is $5.73. The company has a market cap of $1.70 billion, a price-to-earnings ratio of 47.67 and a beta of 1.10. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.29 and a current ratio of 2.29. Sandstorm Gold Ltd. has a one year low of $3.96 and a one 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 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 firm had revenue of $44.70 million for the quarter, compared to analyst estimates of $44.70 million. On average, research analysts predict that Sandstorm Gold Ltd. will post 0.09 EPS for the current year.

Sandstorm Gold Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Tuesday, January 21st will be given a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a dividend yield of 1.40%. The ex-dividend date of this dividend is Tuesday, January 21st. This is a positive change from Sandstorm Gold’s previous quarterly dividend of $0.02. Sandstorm Gold’s payout ratio is presently 41.67%.

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.