HTLF Bank Makes New Investment in Sandstorm Gold Ltd. (NYSE:SAND)

HTLF Bank acquired a new position in shares of Sandstorm Gold Ltd. (NYSE:SAND) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 16,000 shares of the company’s stock, valued at approximately $80,000.

A number of other institutional investors have also recently bought and sold shares of the business. Moneta Group Investment Advisors LLC lifted its holdings 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 buying an additional 25,038,166 shares during the last quarter. Amundi lifted its holdings in shares of Sandstorm Gold by 34.6% during the 4th quarter. Amundi now owns 3,009,150 shares of the company’s stock valued at $17,122,000 after buying an additional 773,370 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in shares of Sandstorm Gold by 2.5% during the 1st quarter. Renaissance Technologies LLC now owns 2,529,100 shares of the company’s stock valued at $20,434,000 after buying an additional 62,683 shares during the last quarter. Bar Harbor Wealth Management lifted its holdings in shares of Sandstorm Gold by 1.7% during the 3rd quarter. Bar Harbor Wealth Management now owns 1,177,067 shares of the company’s stock valued at $5,485,000 after buying an additional 19,439 shares during the last quarter. Finally, American Century Companies Inc. lifted its holdings in shares of Sandstorm Gold by 1,787.2% during the 3rd quarter. American Century Companies Inc. now owns 1,049,830 shares of the company’s stock valued at $4,893,000 after buying an additional 994,200 shares during the last quarter. 51.97% of the stock is currently owned by institutional investors and hedge funds.

Sandstorm Gold Stock Up 2.0 %

Shares of SAND stock opened at $5.52 on Friday. The stock’s 50 day simple moving average is $4.82 and its 200 day simple moving average is $4.78. The company has a debt-to-equity ratio of 0.30, a quick ratio of 3.32 and a current ratio of 3.32. Sandstorm Gold Ltd. has a twelve month low of $3.96 and a twelve month high of $6.24. The company has a market capitalization of $1.64 billion, a price-to-earnings ratio of 39.43 and a beta of 1.10.

Sandstorm Gold (NYSE:SAND) last issued its quarterly earnings data on Thursday, February 15th. The company reported $0.08 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.06. Sandstorm Gold had a return on equity of 2.89% and a net margin of 23.22%. The business had revenue of $44.50 million for the quarter, compared to the consensus estimate of $46.30 million. As a group, research analysts predict that Sandstorm Gold Ltd. will post 0.07 EPS for the current year.

Sandstorm Gold Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 26th. Shareholders of record on Tuesday, April 16th will be given a $0.0147 dividend. This represents a $0.06 annualized dividend and a yield of 1.07%. The ex-dividend date is Monday, April 15th. Sandstorm Gold’s dividend payout ratio is currently 21.43%.

Analysts Set New Price Targets

Separately, Scotiabank reduced their price target on Sandstorm Gold from $6.50 to $6.25 and set a “sector perform” rating for the company in a report on Thursday.

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 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.