Global Retirement Partners LLC increased its stake in Sandstorm Gold Ltd. (NYSE:SAND – Free Report) by 6,521.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 35,029 shares of the company’s stock after purchasing an additional 34,500 shares during the period. Global Retirement Partners LLC’s holdings in Sandstorm Gold were worth $212,000 as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. Orion Resource Partners USA LP bought a new stake in shares of Sandstorm Gold during the 4th quarter valued at $252,328,000. Van ECK Associates Corp raised its position in shares of Sandstorm Gold by 8.6% during the 1st quarter. Van ECK Associates Corp now owns 31,380,650 shares of the company’s stock valued at $182,321,000 after acquiring an additional 2,478,664 shares during the last quarter. Moneta Group Investment Advisors LLC raised its position in shares of Sandstorm Gold by 100,345.3% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 25,063,118 shares of the company’s stock valued at $131,832,000 after acquiring an additional 25,038,166 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its position in shares of Sandstorm Gold by 24.5% during the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 3,851,698 shares of the company’s stock valued at $20,255,000 after acquiring an additional 758,103 shares during the last quarter. Finally, Renaissance Technologies LLC raised its position in shares of Sandstorm Gold by 16.8% during the 4th quarter. Renaissance Technologies LLC now owns 3,323,700 shares of the company’s stock valued at $17,483,000 after acquiring an additional 477,100 shares during the last quarter. Institutional investors own 52.28% of the company’s stock.
Sandstorm Gold Price Performance
Shares of NYSE SAND opened at $5.29 on Thursday. The firm has a market cap of $1.57 billion, a PE ratio of 29.39 and a beta of 0.95. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 0.33. Sandstorm Gold Ltd. has a 1-year low of $4.51 and a 1-year high of $6.72. The company has a fifty day moving average price of $5.29 and a 200 day moving average price of $5.47.
Sandstorm Gold Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 28th. Stockholders of record on Tuesday, July 18th were paid a dividend of $0.015 per share. The ex-dividend date of this dividend was Monday, July 17th. This represents a $0.06 dividend on an annualized basis and a dividend yield of 1.13%. Sandstorm Gold’s dividend payout ratio is 33.33%.
Analyst Upgrades and Downgrades
A number of analysts recently commented on the stock. StockNews.com assumed coverage on shares of Sandstorm Gold in a research report on Thursday, May 18th. They issued a “sell” rating for the company. TD Securities lowered their price objective on shares of Sandstorm Gold from C$11.00 to C$10.50 in a research report on Tuesday. Scotiabank assumed coverage on shares of Sandstorm Gold in a research report on Monday, July 17th. They issued a “sector perform” rating for the company. National Bank Financial upped their price objective on shares of Sandstorm Gold from C$9.25 to C$9.50 in a research report on Friday, July 21st. Finally, HC Wainwright upped their price objective on shares of Sandstorm Gold from $12.50 to $13.00 and gave the company a “buy” rating in a research report on Monday. One research analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, Sandstorm Gold has a consensus rating of “Moderate Buy” and a consensus price target of $9.88.
Check Out Our Latest Report on Sandstorm Gold
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 (streams) from companies that have advanced stage development projects or operating mines. It offers upfront payments for companies to acquire a stream or royalty and receives the right to purchase a percentage of a mine's production for the life of the mine at a fixed price per unit or at a fixed percentage of the spot price.
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