Fiduciary Alliance LLC Purchases 12,375 Shares of Sandstorm Gold Ltd. (NYSE:SAND)

Fiduciary Alliance LLC raised its position in Sandstorm Gold Ltd. (NYSE:SAND) by 119.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 22,735 shares of the company’s stock after acquiring an additional 12,375 shares during the period. Fiduciary Alliance LLC’s holdings in Sandstorm Gold were worth $127,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Allworth Financial LP purchased a new stake in shares of Sandstorm Gold during the 3rd quarter valued at $60,000. Walleye Trading LLC purchased a new position in shares of Sandstorm Gold in the 3rd quarter valued at approximately $85,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Sandstorm Gold in the 2nd quarter valued at approximately $94,000. Point72 Asset Management L.P. acquired a new stake in Sandstorm Gold in the 3rd quarter worth approximately $153,000. Finally, Quent Capital LLC purchased a new stake in Sandstorm Gold during the 3rd quarter worth approximately $183,000. 51.97% of the stock is currently owned by institutional investors and hedge funds.

Sandstorm Gold Stock Performance

SAND opened at $5.72 on Wednesday. The company has a current ratio of 2.29, a quick ratio of 2.29 and a debt-to-equity ratio of 0.26. Sandstorm Gold Ltd. has a 12-month low of $3.96 and a 12-month high of $6.50. The firm has a 50 day moving average of $5.65 and a two-hundred day moving average of $5.73. The firm has a market capitalization of $1.70 billion, a PE ratio of 47.67 and a beta of 1.10.

Sandstorm Gold (NYSE:SAND) last posted its earnings results on Thursday, November 7th. The company reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.01). The business had revenue of $44.70 million for the quarter, compared to analyst estimates of $44.70 million. Sandstorm Gold had a net margin of 20.46% and a return on equity of 2.44%. On average, analysts anticipate that Sandstorm Gold Ltd. will post 0.09 EPS for the current year.

Sandstorm Gold Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Tuesday, January 21st will be paid a $0.02 dividend. This is an increase from Sandstorm Gold’s previous quarterly dividend of $0.02. The ex-dividend date of this dividend is Tuesday, January 21st. This represents a $0.08 dividend on an annualized basis and a dividend yield of 1.40%. Sandstorm Gold’s dividend payout ratio is presently 41.67%.

Analysts Set New Price Targets

SAND has been the subject of a number of research analyst reports. HC Wainwright raised their price target on shares of Sandstorm Gold from $11.50 to $12.00 and gave the stock a “buy” rating in a report on Monday, November 11th. StockNews.com lowered Sandstorm Gold from a “buy” rating to a “hold” rating in a research note on Thursday, November 14th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $8.50.

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.