Belpointe Asset Management LLC lowered its position in shares of Sandstorm Gold Ltd. (NYSE:SAND – Get Rating) by 64.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,725 shares of the company’s stock after selling 15,875 shares during the period. Belpointe Asset Management LLC’s holdings in Sandstorm Gold were worth $46,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors also recently made changes to their positions in SAND. Ontario Teachers Pension Plan Board acquired a new stake in Sandstorm Gold during the third quarter worth approximately $34,885,000. Marshall Wace LLP grew its position in Sandstorm Gold by 3,879.2% during the third quarter. Marshall Wace LLP now owns 2,652,927 shares of the company’s stock worth $13,716,000 after buying an additional 2,586,257 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its position in Sandstorm Gold by 12.0% during the third quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 3,093,595 shares of the company’s stock worth $15,992,000 after buying an additional 331,369 shares in the last quarter. U S Global Investors Inc. acquired a new stake in Sandstorm Gold during the third quarter worth approximately $3,544,000. Finally, Horizon Kinetics Asset Management LLC grew its position in Sandstorm Gold by 0.7% during the third quarter. Horizon Kinetics Asset Management LLC now owns 6,473,010 shares of the company’s stock worth $33,465,000 after buying an additional 47,041 shares in the last quarter. Institutional investors own 55.62% of the company’s stock.
Analyst Upgrades and Downgrades
A number of equities research analysts recently issued reports on SAND shares. CIBC reduced their price target on Sandstorm Gold from C$12.50 to C$10.50 in a research report on Tuesday, February 7th. HC Wainwright reaffirmed a “buy” rating and issued a $12.50 target price on shares of Sandstorm Gold in a report on Thursday, February 23rd. Stifel Nicolaus reduced their target price on Sandstorm Gold from C$12.50 to C$12.25 in a report on Thursday, February 23rd. StockNews.com started coverage on Sandstorm Gold in a report on Thursday, May 18th. They issued a “sell” rating on the stock. Finally, Royal Bank of Canada raised Sandstorm Gold from a “sector perform” rating to an “outperform” rating and set a $6.50 target price on the stock in a report on Thursday, March 2nd. One research analyst has rated the stock with a sell rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $9.66.
Sandstorm Gold Trading Down 2.7 %
Sandstorm Gold (NYSE:SAND – Get Rating) last issued its quarterly earnings data on Tuesday, February 21st. The company reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.02). The firm had revenue of $38.45 million for the quarter, compared to the consensus estimate of $38.00 million. Sandstorm Gold had a return on equity of 3.04% and a net margin of 53.82%. As a group, sell-side analysts predict that Sandstorm Gold Ltd. will post 0.11 EPS for the current fiscal year.
Sandstorm Gold Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, April 28th. Shareholders of record on Tuesday, April 18th were given a $0.015 dividend. This represents a $0.06 dividend on an annualized basis and a dividend yield of 1.17%. The ex-dividend date was Monday, April 17th. This is a positive change from Sandstorm Gold’s previous quarterly dividend of $0.01. Sandstorm Gold’s payout ratio is 16.22%.
Sandstorm Gold Profile
Sandstorm Gold Ltd. engages in the acquisition of gold and other metals purchase agreements and royalties. It operates through the following segments: Aurizona, Black Fox, Bracemac-McLeod, Chapada, Diavik, Fruta del Norte, Hounde, Karma, Relief Canyon, Santa Elena, Vale Royalties, Yamana Silver Stream, Other, and Corporate.
- Get a free copy of the StockNews.com research report on Sandstorm Gold (SAND)
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