Versor Investments LP Sells 16,989 Shares of Sandstorm Gold Ltd. (NYSE:SAND)

Versor Investments LP decreased its holdings in shares of Sandstorm Gold Ltd. (NYSE:SAND) by 47.3% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 18,911 shares of the company’s stock after selling 16,989 shares during the quarter. Versor Investments LP’s holdings in Sandstorm Gold were worth $114,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Boston Partners purchased a new stake in shares of Sandstorm Gold in the first quarter valued at approximately $1,902,000. Squarepoint Ops LLC purchased a new stake in shares of Sandstorm Gold in the second quarter valued at approximately $606,000. Clearbridge Investments LLC boosted its holdings in shares of Sandstorm Gold by 48.1% in the first quarter. Clearbridge Investments LLC now owns 384,921 shares of the company’s stock valued at $2,021,000 after purchasing an additional 125,096 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Sandstorm Gold by 42.2% in the second quarter. Dimensional Fund Advisors LP now owns 3,149,232 shares of the company’s stock valued at $17,162,000 after purchasing an additional 935,005 shares during the period. Finally, Sagil Capital LLP purchased a new stake in shares of Sandstorm Gold in the second quarter valued at approximately $8,041,000. Institutional investors own 51.97% of the company’s stock.

Sandstorm Gold Stock Performance

Shares of SAND stock opened at $5.36 on Monday. The business’s fifty day simple moving average is $5.98 and its 200-day simple moving average is $5.72. The company has a market cap of $1.59 billion, a PE ratio of 44.67 and a beta of 1.13. 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.

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

Sandstorm Gold Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 25th. Investors of record on Tuesday, October 15th were given a $0.015 dividend. This represents a $0.06 annualized dividend and a dividend yield of 1.12%. This is an increase from Sandstorm Gold’s previous quarterly dividend of $0.01. The ex-dividend date was Tuesday, October 15th. Sandstorm Gold’s dividend payout ratio is presently 50.00%.

Analysts Set New Price Targets

SAND has been the subject of a number of analyst reports. Royal Bank of Canada lowered their target price on Sandstorm Gold from $6.50 to $6.00 and set an “outperform” rating for the company in a report on Tuesday, September 10th. StockNews.com lowered Sandstorm Gold from a “buy” rating to a “hold” rating in a report on Thursday. Finally, HC Wainwright upped their target price on Sandstorm Gold from $11.50 to $12.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Three equities research 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 company currently has a consensus rating of “Moderate Buy” and a consensus price target of $8.35.

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.