Sandstorm Gold Ltd. (NYSE:SAND) Shares Sold by Horizon Kinetics Asset Management LLC

Horizon Kinetics Asset Management LLC cut its position in Sandstorm Gold Ltd. (NYSE:SAND) by 2.9% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,788,672 shares of the company’s stock after selling 113,047 shares during the quarter. Horizon Kinetics Asset Management LLC owned about 1.28% of Sandstorm Gold worth $21,141,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Lifeworks Advisors LLC bought a new stake in Sandstorm Gold in the 4th quarter valued at about $57,000. Meixler Investment Management Ltd. bought a new stake in Sandstorm Gold in the 4th quarter valued at about $66,000. JTC Employer Solutions Trustee Ltd bought a new stake in Sandstorm Gold in the 4th quarter valued at about $72,000. Bank of New York Mellon Corp raised its position in shares of Sandstorm Gold by 21.0% during the 4th quarter. Bank of New York Mellon Corp now owns 13,897 shares of the company’s stock worth $78,000 after buying an additional 2,416 shares in the last quarter. Finally, Walleye Trading LLC bought a new stake in shares of Sandstorm Gold during the 3rd quarter worth about $85,000. 51.97% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

Sandstorm Gold Stock Performance

Shares of SAND opened at $6.55 on Monday. The firm’s 50 day moving average is $6.06 and its 200-day moving average is $5.91. The stock has a market capitalization of $1.94 billion, a P/E ratio of 130.93 and a beta of 1.06. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.95 and a quick ratio of 2.29. Sandstorm Gold Ltd. has a 12-month low of $4.76 and a 12-month high of $6.67.

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

Sandstorm Gold Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Tuesday, January 21st were given a $0.02 dividend. This is an increase from Sandstorm Gold’s previous quarterly dividend of $0.02. This represents a $0.08 annualized dividend and a dividend yield of 1.22%. The ex-dividend date was Tuesday, January 21st. Sandstorm Gold’s dividend payout ratio (DPR) is 100.00%.

About Sandstorm Gold

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.