Raymond James & Associates Boosts Stake in Sandstorm Gold Ltd. (NYSE:SAND)

Raymond James & Associates lifted its holdings in Sandstorm Gold Ltd. (NYSE:SAND) by 4.1% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 298,203 shares of the company’s stock after buying an additional 11,752 shares during the period. Raymond James & Associates owned approximately 0.10% of Sandstorm Gold worth $1,500,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Acadian Asset Management LLC bought a new stake in Sandstorm Gold during the first quarter worth $25,000. Quilter Plc purchased a new position in shares of Sandstorm Gold in the 1st quarter worth about $2,865,324,000. PNC Financial Services Group Inc. grew its position in Sandstorm Gold by 49.2% during the second quarter. PNC Financial Services Group Inc. now owns 9,100 shares of the company’s stock valued at $47,000 after buying an additional 3,000 shares during the period. Sequoia Financial Advisors LLC purchased a new stake in Sandstorm Gold during the third quarter worth about $47,000. Finally, Cetera Advisor Networks LLC bought a new stake in Sandstorm Gold in the fourth quarter worth about $53,000. 51.97% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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

Sandstorm Gold Stock Performance

Shares of SAND opened at $5.42 on Friday. The firm has a market cap of $1.61 billion, a P/E ratio of 38.68 and a beta of 1.10. Sandstorm Gold Ltd. has a fifty-two week low of $3.96 and a fifty-two week high of $6.24. The company has a debt-to-equity ratio of 0.30, a quick ratio of 3.32 and a current ratio of 3.32. The business has a 50-day moving average of $4.80 and a 200 day moving average of $4.77.

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

Sandstorm Gold Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 26th. Shareholders of record on Tuesday, April 16th will be given a dividend of $0.0147 per share. The ex-dividend date of this dividend is Monday, April 15th. This represents a $0.06 annualized dividend and a dividend yield of 1.09%. Sandstorm Gold’s dividend payout ratio is currently 21.43%.

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.