Sandstorm Gold Ltd. (NYSE:SAND) Shares Bought by Barclays PLC

Barclays PLC raised its holdings in Sandstorm Gold Ltd. (NYSE:SAND) by 6.4% in the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 399,854 shares of the company’s stock after buying an additional 23,947 shares during the quarter. Barclays PLC’s holdings in Sandstorm Gold were worth $2,400,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its holdings in shares of Sandstorm Gold by 2.2% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 3,634,027 shares of the company’s stock valued at $19,766,000 after buying an additional 78,032 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Sandstorm Gold by 42.2% during the 2nd 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 last quarter. Helikon Investments Ltd increased its holdings in shares of Sandstorm Gold by 61.8% in the second quarter. Helikon Investments Ltd now owns 2,086,579 shares of the company’s stock valued at $11,351,000 after purchasing an additional 796,800 shares during the period. Bank of Montreal Can raised its stake in shares of Sandstorm Gold by 2.7% in the second quarter. Bank of Montreal Can now owns 1,560,657 shares of the company’s stock worth $8,511,000 after purchasing an additional 41,623 shares during the last quarter. Finally, Sagil Capital LLP acquired a new stake in shares of Sandstorm Gold during the second quarter worth about $8,041,000. Institutional investors and hedge funds own 51.97% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on SAND. StockNews.com downgraded shares of Sandstorm Gold from a “buy” rating to a “hold” rating in a report on Thursday, November 14th. Royal Bank of Canada cut their price objective 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, September 10th. Finally, HC Wainwright upped their price target on shares of Sandstorm Gold from $11.50 to $12.00 and gave the company a “buy” rating in a report on Monday, November 11th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $8.50.

Sandstorm Gold Price Performance

Shares of NYSE SAND opened at $5.45 on Thursday. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.29 and a quick ratio of 2.29. The stock has a market capitalization of $1.62 billion, a price-to-earnings ratio of 45.42 and a beta of 1.11. The firm’s 50 day simple moving average is $5.80 and its 200-day simple moving average is $5.71. 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 quarterly earnings results on Thursday, November 7th. The company reported $0.02 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 for the quarter, compared to analyst estimates of $44.70 million. Analysts expect that Sandstorm Gold Ltd. will post 0.09 EPS for the current year.

Sandstorm Gold Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Tuesday, January 21st will be paid a $0.02 dividend. This represents a $0.08 annualized dividend and a dividend yield of 1.47%. The ex-dividend date is Tuesday, January 21st. This is a positive change from Sandstorm Gold’s previous quarterly dividend of $0.02. Sandstorm Gold’s payout ratio is currently 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.