Eagle Global Advisors LLC Makes New $191,000 Investment in Sandstorm Gold Ltd. (NYSE:SAND)

Eagle Global Advisors LLC bought a new stake in Sandstorm Gold Ltd. (NYSE:SAND) in the 4th quarter, Holdings Channel.com reports. The fund bought 34,300 shares of the company’s stock, valued at approximately $191,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in SAND. Boston Partners grew its holdings in Sandstorm Gold by 39,289.9% during the 4th quarter. Boston Partners now owns 9,812,015 shares of the company’s stock worth $54,751,000 after acquiring an additional 9,787,105 shares during the period. Invesco Ltd. grew its stake in shares of Sandstorm Gold by 35.0% during the fourth quarter. Invesco Ltd. now owns 6,522,246 shares of the company’s stock worth $36,394,000 after purchasing an additional 1,691,296 shares during the period. Dimensional Fund Advisors LP increased its holdings in Sandstorm Gold by 22.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,974,343 shares of the company’s stock valued at $27,781,000 after purchasing an additional 913,527 shares during the last quarter. Sprott Inc. boosted its holdings in Sandstorm Gold by 77.9% during the fourth quarter. Sprott Inc. now owns 4,465,843 shares of the company’s stock worth $24,925,000 after buying an additional 1,955,916 shares during the last quarter. Finally, Amundi grew its position in shares of Sandstorm Gold by 74.9% during the 4th quarter. Amundi now owns 2,890,535 shares of the company’s stock worth $16,447,000 after buying an additional 1,238,050 shares during the period. Institutional investors own 51.97% of the company’s stock.

Sandstorm Gold Stock Down 1.9 %

SAND stock opened at $8.70 on Thursday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.95 and a quick ratio of 2.29. The stock has a market capitalization of $2.55 billion, a P/E ratio of 173.93 and a beta of 0.48. Sandstorm Gold Ltd. has a fifty-two week low of $4.92 and a fifty-two week high of $8.91. The business has a 50-day moving average of $7.48 and a 200-day moving average of $6.42.

Sandstorm Gold (NYSE:SAND) last posted its quarterly earnings data on Tuesday, May 6th. The company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.01). The business had revenue of $50.10 million during the quarter, compared to analyst estimates of $71.61 million. Sandstorm Gold had a net margin of 8.11% and a return on equity of 0.98%. On average, sell-side analysts anticipate that Sandstorm Gold Ltd. will post 0.18 earnings per share for the current fiscal year.

Sandstorm Gold Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 25th. Shareholders of record on Monday, April 14th were given a dividend of $0.014 per share. The ex-dividend date of this dividend was Monday, April 14th. This represents a $0.06 annualized dividend and a yield of 0.64%. Sandstorm Gold’s dividend payout ratio (DPR) is presently 100.00%.

Analyst Upgrades and Downgrades

SAND has been the subject of a number of analyst reports. StockNews.com upgraded shares of Sandstorm Gold from a “hold” rating to a “buy” rating in a report on Wednesday, February 26th. HC Wainwright dropped their price objective on Sandstorm Gold from $12.00 to $11.50 and set a “buy” rating on the stock in a research note on Wednesday, February 19th. Royal Bank of Canada boosted their target price on Sandstorm Gold from $6.50 to $7.00 and gave the company an “outperform” rating in a research note on Friday, April 4th. Scotiabank raised their price target on Sandstorm Gold from $7.25 to $8.25 and gave the stock a “sector perform” rating in a research report on Monday, April 14th. Finally, Raymond James set a $9.75 price objective on Sandstorm Gold and gave the company an “outperform” rating in a research report on Wednesday. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $9.20.

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.