Creative Planning Lowers Position in Sandstorm Gold Ltd. (NYSE:SAND)

Creative Planning trimmed its stake in Sandstorm Gold Ltd. (NYSE:SAND) by 64.0% during the 3rd quarter, Holdings Channel reports. The firm owned 18,979 shares of the company’s stock after selling 33,752 shares during the quarter. Creative Planning’s holdings in Sandstorm Gold were worth $114,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Perritt Capital Management Inc. purchased a new position in Sandstorm Gold in the first quarter worth $31,000. Mather Group LLC. bought a new position in shares of Sandstorm Gold during the 2nd quarter valued at about $67,000. Oak Family Advisors LLC bought a new stake in Sandstorm Gold in the 2nd quarter worth approximately $88,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Sandstorm Gold in the second quarter worth approximately $94,000. Finally, Oxbow Advisors LLC grew its position in Sandstorm Gold by 34.3% during 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 last quarter. 51.97% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently commented on SAND. Royal Bank of Canada decreased their target price on shares of Sandstorm Gold from $6.50 to $6.00 and set an “outperform” rating on the stock in a research report on Tuesday, September 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 raised their target price on shares of Sandstorm Gold from $11.50 to $12.00 and gave the stock a “buy” rating in a report on Monday. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, Sandstorm Gold currently has an average rating of “Moderate Buy” and a consensus price target of $8.35.

Sandstorm Gold Stock Performance

Shares of SAND stock opened at $5.42 on Wednesday. The stock has a fifty day moving average of $5.99 and a 200 day moving average of $5.73. The firm has a market capitalization of $1.61 billion, a price-to-earnings ratio of 45.63 and a beta of 1.13. The company has a quick ratio of 1.99, a current ratio of 1.99 and a debt-to-equity ratio of 0.27. Sandstorm Gold Ltd. has a 52 week low of $3.96 and a 52 week high of $6.50.

Sandstorm Gold (NYSE:SAND) last released 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). The firm had revenue of $44.70 million for the quarter, compared to the consensus estimate of $44.70 million. Sandstorm Gold had a net margin of 20.46% and a return on equity of 2.44%. As a group, research analysts expect that Sandstorm Gold Ltd. will post 0.09 earnings per share for the current year.

Sandstorm Gold Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 25th. Investors of record on Tuesday, October 15th were paid a dividend of $0.015 per share. The ex-dividend date was Tuesday, October 15th. This represents a $0.06 annualized dividend and a yield of 1.11%. This is a positive change from Sandstorm Gold’s previous quarterly dividend of $0.01. 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.