Bank of Montreal Can Sells 687,103 Shares of Sandstorm Gold Ltd $SAND

Bank of Montreal Can cut its stake in Sandstorm Gold Ltd (NYSE:SAND) by 29.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,673,878 shares of the company’s stock after selling 687,103 shares during the quarter. Bank of Montreal Can’s holdings in Sandstorm Gold were worth $15,756,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of SAND. Farther Finance Advisors LLC grew its holdings in Sandstorm Gold by 181.8% during the second quarter. Farther Finance Advisors LLC now owns 3,100 shares of the company’s stock worth $29,000 after buying an additional 2,000 shares in the last quarter. Venture Visionary Partners LLC bought a new position in Sandstorm Gold during the 1st quarter valued at $91,000. Keybank National Association OH purchased a new position in Sandstorm Gold during the 2nd quarter worth $102,000. Burford Brothers Inc. bought a new stake in shares of Sandstorm Gold in the 2nd quarter worth $117,000. Finally, FORA Capital LLC bought a new stake in shares of Sandstorm Gold in the 1st quarter worth $121,000. Institutional investors own 51.97% of the company’s stock.

Analyst Upgrades and Downgrades

SAND has been the topic of a number of recent analyst reports. Weiss Ratings reissued a “hold (c+)” rating on shares of Sandstorm Gold in a research report on Tuesday, October 14th. Stifel Canada cut shares of Sandstorm Gold from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 21st. Four analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $10.15.

Sandstorm Gold Stock Down 5.8%

Sandstorm Gold stock opened at $12.16 on Friday. The firm has a 50 day moving average price of $12.06 and a 200-day moving average price of $10.34. The company has a quick ratio of 2.40, a current ratio of 2.40 and a debt-to-equity ratio of 0.22. Sandstorm Gold Ltd has a twelve month low of $5.33 and a twelve month high of $13.09. The company has a market capitalization of $3.59 billion, a P/E ratio of 101.29 and a beta of 0.51.

Sandstorm Gold (NYSE:SAND) last posted its quarterly earnings data on Thursday, August 7th. The company reported $0.05 EPS for the quarter, meeting the consensus estimate of $0.05. Sandstorm Gold had a return on equity of 2.38% and a net margin of 17.78%.The business had revenue of $51.42 million for the quarter, compared to the consensus estimate of $68.43 million. As a group, equities analysts predict that Sandstorm Gold Ltd will post 0.18 EPS for the current year.

Sandstorm Gold Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 7th. Stockholders of record on Friday, September 26th were given a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend was Friday, September 26th. Sandstorm Gold’s dividend payout ratio is currently 41.67%.

Sandstorm Gold 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.