Sandstorm Gold Ltd. (NYSE:SAND) Position Increased by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. raised its holdings in shares of Sandstorm Gold Ltd. (NYSE:SAND) by 31.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 29,301 shares of the company’s stock after buying an additional 7,088 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Sandstorm Gold were worth $147,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in SAND. American Century Companies Inc. boosted its stake in Sandstorm Gold by 1,787.2% in the 3rd quarter. American Century Companies Inc. now owns 1,049,830 shares of the company’s stock worth $4,893,000 after purchasing an additional 994,200 shares during the period. Moneta Group Investment Advisors LLC boosted its stake in Sandstorm Gold by 74.0% in the 3rd quarter. Moneta Group Investment Advisors LLC now owns 38,399 shares of the company’s stock worth $179,000 after purchasing an additional 16,336 shares during the period. Raymond James & Associates boosted its stake in Sandstorm Gold by 4.1% in the 4th quarter. Raymond James & Associates now owns 298,203 shares of the company’s stock worth $1,500,000 after purchasing an additional 11,752 shares during the period. Trexquant Investment LP boosted its stake in Sandstorm Gold by 134.0% in the 3rd quarter. Trexquant Investment LP now owns 83,956 shares of the company’s stock worth $391,000 after purchasing an additional 48,081 shares during the period. Finally, Bar Harbor Wealth Management boosted its stake in Sandstorm Gold by 1.7% in the 3rd quarter. Bar Harbor Wealth Management now owns 1,177,067 shares of the company’s stock worth $5,485,000 after purchasing an additional 19,439 shares during the period. 51.97% of the stock is currently owned by institutional investors.

Sandstorm Gold Stock Up 2.2 %

SAND stock opened at $5.49 on Friday. Sandstorm Gold Ltd. has a 12-month low of $3.96 and a 12-month high of $6.24. The company has a quick ratio of 3.32, a current ratio of 3.32 and a debt-to-equity ratio of 0.30. The company has a market cap of $1.64 billion, a price-to-earnings ratio of 39.21 and a beta of 1.10. The company has a 50 day moving average of $4.92 and a two-hundred day moving average of $4.80.

Sandstorm Gold (NYSE:SAND) last released its earnings results on Thursday, February 15th. The company reported $0.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.06. Sandstorm Gold had a net margin of 23.22% and a return on equity of 2.89%. The company had revenue of $44.50 million during the quarter, compared to the consensus estimate of $46.30 million. On average, equities analysts anticipate that Sandstorm Gold Ltd. will post 0.08 earnings per share for the current fiscal 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 $0.0147 dividend. The ex-dividend date of this dividend is Monday, April 15th. This represents a $0.06 dividend on an annualized basis and a yield of 1.07%. Sandstorm Gold’s payout ratio is 21.43%.

Analysts Set New Price Targets

Separately, Scotiabank decreased their price objective on shares of Sandstorm Gold from $6.50 to $6.25 and set a “sector perform” rating for the company in a research note on Thursday, April 18th.

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.