Cercano Management LLC Lowers Stock Position in Sandstorm Gold Ltd $SAND

Cercano Management LLC trimmed its position in shares of Sandstorm Gold Ltd (NYSE:SAND) by 16.0% in the second quarter, HoldingsChannel reports. The institutional investor owned 266,435 shares of the company’s stock after selling 50,663 shares during the period. Cercano Management LLC’s holdings in Sandstorm Gold were worth $2,505,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. XTX Topco Ltd grew its position in Sandstorm Gold by 107.9% during the first quarter. XTX Topco Ltd now owns 75,471 shares of the company’s stock valued at $570,000 after acquiring an additional 39,172 shares during the period. Bank of New York Mellon Corp raised its holdings in shares of Sandstorm Gold by 43.8% in the 1st quarter. Bank of New York Mellon Corp now owns 19,989 shares of the company’s stock worth $151,000 after purchasing an additional 6,092 shares during the period. Cetera Investment Advisers lifted its stake in shares of Sandstorm Gold by 140.2% in the 1st quarter. Cetera Investment Advisers now owns 25,590 shares of the company’s stock valued at $193,000 after purchasing an additional 14,935 shares in the last quarter. Vanguard Personalized Indexing Management LLC grew its holdings in shares of Sandstorm Gold by 22.8% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 24,302 shares of the company’s stock worth $228,000 after purchasing an additional 4,517 shares during the period. Finally, Farther Finance Advisors LLC grew its holdings in shares of Sandstorm Gold by 181.8% during the 2nd quarter. Farther Finance Advisors LLC now owns 3,100 shares of the company’s stock worth $29,000 after purchasing an additional 2,000 shares during the period. 51.97% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Stifel Canada lowered shares of Sandstorm Gold from a “strong-buy” rating to a “hold” rating in a report on Monday, July 21st. Weiss Ratings reissued a “hold (c+)” rating on shares of Sandstorm Gold in a research note on Tuesday, October 14th. Four investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $10.15.

Sandstorm Gold Stock Performance

Sandstorm Gold stock opened at $12.16 on Friday. The firm has a market capitalization of $3.59 billion, a PE ratio of 101.29 and a beta of 0.51. Sandstorm Gold Ltd has a one year low of $5.33 and a one year high of $13.09. The stock’s 50 day moving average price is $12.15 and its 200 day moving average price is $10.47. The company has a debt-to-equity ratio of 0.22, a quick ratio of 2.40 and a current ratio of 2.40.

Sandstorm Gold Announces Dividend

The company also recently announced 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 payout ratio is presently 41.67%.

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.