Credit Suisse AG raised its position in shares of Sandstorm Gold Ltd. (NYSE:SAND – Free Report) by 5.6% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 325,972 shares of the company’s stock after purchasing an additional 17,389 shares during the quarter. Credit Suisse AG owned about 0.11% of Sandstorm Gold worth $1,894,000 as of its most recent SEC filing.
Several other hedge funds also recently modified their holdings of SAND. Acadian Asset Management LLC bought a new position in Sandstorm Gold during the first quarter valued at about $25,000. CoreCap Advisors LLC acquired a new stake in Sandstorm Gold in the 4th quarter valued at about $45,000. Cetera Advisor Networks LLC acquired a new stake in Sandstorm Gold in the 4th quarter valued at about $53,000. First Trust Advisors LP bought a new position in shares of Sandstorm Gold during the 3rd quarter valued at about $54,000. Finally, US Bancorp DE acquired a new position in shares of Sandstorm Gold in the 1st quarter worth approximately $55,000. 53.88% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of equities analysts recently issued reports on the company. National Bank Financial lifted their target price on Sandstorm Gold from C$9.25 to C$9.50 in a report on Friday, July 21st. Scotiabank started coverage on Sandstorm Gold in a report on Monday, July 17th. They set a “sector perform” rating on the stock. StockNews.com began coverage on shares of Sandstorm Gold in a report on Thursday, August 17th. They issued a “sell” rating for the company. TD Securities cut their price target on shares of Sandstorm Gold from C$11.00 to C$10.50 in a report on Tuesday, August 8th. Finally, HC Wainwright raised their price objective on shares of Sandstorm Gold from $12.50 to $13.00 and gave the stock a “buy” rating in a research note on Monday, August 7th. One research analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company. According to MarketBeat, Sandstorm Gold currently has a consensus rating of “Moderate Buy” and a consensus price target of $9.88.
Sandstorm Gold Trading Down 1.8 %
Sandstorm Gold stock opened at $5.40 on Tuesday. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 0.33. Sandstorm Gold Ltd. has a 12 month low of $4.51 and a 12 month high of $6.72. The company’s fifty day simple moving average is $5.32 and its 200-day simple moving average is $5.43. The stock has a market cap of $1.60 billion, a P/E ratio of 30.00 and a beta of 0.97.
Sandstorm Gold (NYSE:SAND – Get Free Report) last issued its earnings results on Thursday, August 3rd. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.01). Sandstorm Gold had a return on equity of 1.92% and a net margin of 27.48%. The firm had revenue of $49.84 million during the quarter. As a group, sell-side analysts forecast that Sandstorm Gold Ltd. will post 0.1 EPS for the current fiscal year.
Sandstorm Gold Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 28th. Investors of record on Tuesday, July 18th were given a dividend of $0.015 per share. This represents a $0.06 annualized dividend and a yield of 1.11%. The ex-dividend date was Monday, July 17th. Sandstorm Gold’s payout ratio is presently 33.33%.
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 (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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