Royce & Associates LP Has $4.38 Million Stock Holdings in Sandstorm Gold Ltd. (NYSE:SAND)

Royce & Associates LP lessened its holdings in Sandstorm Gold Ltd. (NYSE:SAND) by 3.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 785,000 shares of the company’s stock after selling 25,000 shares during the quarter. Royce & Associates LP owned 0.26% of Sandstorm Gold worth $4,380,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of SAND. Sprott Inc. boosted its holdings in shares of Sandstorm Gold by 77.9% during the 4th quarter. Sprott Inc. now owns 4,465,843 shares of the company’s stock valued at $24,925,000 after acquiring an additional 1,955,916 shares in the last quarter. Amundi boosted its holdings in shares of Sandstorm Gold by 74.9% during the 4th quarter. Amundi now owns 2,890,535 shares of the company’s stock valued at $16,447,000 after acquiring an additional 1,238,050 shares in the last quarter. U S Global Investors Inc. boosted its holdings in shares of Sandstorm Gold by 31.3% during the 4th quarter. U S Global Investors Inc. now owns 909,749 shares of the company’s stock valued at $5,076,000 after acquiring an additional 216,756 shares in the last quarter. Louisbourg Investments Inc. boosted its holdings in shares of Sandstorm Gold by 17.4% during the 4th quarter. Louisbourg Investments Inc. now owns 728,182 shares of the company’s stock valued at $4,071,000 after acquiring an additional 108,000 shares in the last quarter. Finally, Integrated Wealth Concepts LLC boosted its holdings in shares of Sandstorm Gold by 14.9% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 521,873 shares of the company’s stock valued at $3,131,000 after acquiring an additional 67,759 shares in the last quarter. Institutional investors and hedge funds own 51.97% of the company’s stock.

Sandstorm Gold Stock Performance

SAND stock opened at $6.80 on Thursday. The stock has a 50-day moving average price of $6.13 and a 200-day moving average price of $5.93. Sandstorm Gold Ltd. has a 1-year low of $4.76 and a 1-year high of $6.95. The company has a current ratio of 1.95, a quick ratio of 2.29 and a debt-to-equity ratio of 0.24. The firm has a market cap of $2.01 billion, a PE ratio of 135.93 and a beta of 1.06.

Sandstorm Gold (NYSE:SAND) last posted its quarterly earnings data on Tuesday, February 18th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.03). Sandstorm Gold had a return on equity of 0.98% and a net margin of 8.11%. The business had revenue of $47.40 million during the quarter, compared to the consensus estimate of $67.49 million. During the same period last year, the business posted ($0.04) earnings per share. As a group, equities research analysts expect that Sandstorm Gold Ltd. will post 0.18 earnings per share for the current year.

Wall Street Analyst Weigh In

SAND has been the topic of several recent research reports. Scotiabank lifted their target price on Sandstorm Gold from $6.75 to $7.25 and gave the stock a “sector perform” rating in a report on Thursday, February 27th. HC Wainwright cut their target price on Sandstorm Gold from $12.00 to $11.50 and set a “buy” rating on the stock in a report on Wednesday, February 19th. Finally, StockNews.com raised Sandstorm Gold from a “hold” rating to a “buy” rating in a report on Wednesday, February 26th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $8.56.

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.