Sandstorm Gold Ltd. (NYSE:SAND) Shares Sold by Private Advisor Group LLC

Private Advisor Group LLC decreased its holdings in shares of Sandstorm Gold Ltd. (NYSE:SAND) by 1.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 308,294 shares of the company’s stock after selling 4,533 shares during the quarter. Private Advisor Group LLC’s holdings in Sandstorm Gold were worth $1,677,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SAND. Principal Securities Inc. acquired a new stake in shares of Sandstorm Gold during the 4th quarter worth about $25,000. Jump Financial LLC acquired a new stake in Sandstorm Gold in the 4th quarter valued at approximately $59,000. Dynamic Technology Lab Private Ltd boosted its position in shares of Sandstorm Gold by 25.1% during the fourth quarter. Dynamic Technology Lab Private Ltd now owns 47,521 shares of the company’s stock worth $239,000 after buying an additional 9,534 shares during the period. Clearbridge Investments LLC acquired a new stake in shares of Sandstorm Gold in the fourth quarter valued at $1,299,000. Finally, Oxford Asset Management LLP purchased a new stake in shares of Sandstorm Gold in the 4th quarter valued at $53,000. Hedge funds and other institutional investors own 51.97% of the company’s stock.

Sandstorm Gold Trading Up 3.2 %

NYSE SAND opened at $6.22 on Friday. Sandstorm Gold Ltd. has a 52 week low of $3.96 and a 52 week high of $6.26. The firm has a 50 day moving average of $5.59 and a two-hundred day moving average of $5.43. The company has a quick ratio of 1.99, a current ratio of 1.99 and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $1.85 billion, a PE ratio of 77.69 and a beta of 1.14.

Sandstorm Gold (NYSE:SAND) last issued its earnings results on Thursday, August 1st. The company reported $0.03 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.01. The firm had revenue of $41.37 million during the quarter, compared to the consensus estimate of $40.50 million. Sandstorm Gold had a net margin of 17.55% and a return on equity of 2.06%. During the same quarter in the previous year, the firm posted $0.01 earnings per share. As a group, research analysts expect that Sandstorm Gold Ltd. will post 0.09 EPS for the current fiscal year.

Sandstorm Gold Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 26th. Stockholders of record on Tuesday, July 16th were given a dividend of $0.0146 per share. The ex-dividend date of this dividend was Tuesday, July 16th. This represents a $0.06 annualized dividend and a dividend yield of 0.94%. Sandstorm Gold’s dividend payout ratio is currently 62.50%.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. HC Wainwright raised their target price on Sandstorm Gold from $11.00 to $11.50 and gave the company a “buy” rating in a report on Monday, August 5th. CIBC raised their price objective on shares of Sandstorm Gold from $9.00 to $9.50 and gave the company a “neutral” rating in a research note on Wednesday, July 10th. Royal Bank of Canada cut their target price on shares of Sandstorm Gold from $6.50 to $6.00 and set an “outperform” rating on the stock in a research note on Tuesday. StockNews.com lowered shares of Sandstorm Gold from a “buy” rating to a “hold” rating in a report on Monday, August 26th. Finally, Scotiabank boosted their price target on shares of Sandstorm Gold from $6.25 to $6.50 and gave the stock a “sector perform” rating in a research note on Thursday, May 23rd. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $8.38.

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.