JPMorgan Chase & Co. Reduces Position in Sandstorm Gold Ltd. (NYSE:SAND)

JPMorgan Chase & Co. trimmed its stake in Sandstorm Gold Ltd. (NYSE:SAND) by 99.8% in the third quarter, HoldingsChannel.com reports. The fund owned 5,720 shares of the company’s stock after selling 2,344,553 shares during the quarter. JPMorgan Chase & Co.’s holdings in Sandstorm Gold were worth $34,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in SAND. Allworth Financial LP purchased a new stake in Sandstorm Gold during the 3rd quarter worth about $60,000. Walleye Trading LLC acquired a new stake in shares of Sandstorm Gold during the 3rd quarter worth about $85,000. Point72 Asset Management L.P. purchased a new stake in shares of Sandstorm Gold during the third quarter worth about $153,000. Aigen Investment Management LP raised its position in shares of Sandstorm Gold by 32.4% in the third quarter. Aigen Investment Management LP now owns 42,385 shares of the company’s stock valued at $254,000 after buying an additional 10,363 shares during the last quarter. Finally, Stansberry Asset Management LLC raised its position in shares of Sandstorm Gold by 17.1% in the third quarter. Stansberry Asset Management LLC now owns 46,569 shares of the company’s stock valued at $279,000 after buying an additional 6,817 shares during the last quarter. 51.97% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

SAND has been the subject of several recent analyst reports. HC Wainwright lifted their target price on shares of Sandstorm Gold from $11.50 to $12.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. StockNews.com cut Sandstorm Gold from a “buy” rating to a “hold” rating in a report on Thursday, November 14th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $8.50.

Sandstorm Gold Price Performance

Sandstorm Gold stock opened at $6.14 on Wednesday. Sandstorm Gold Ltd. has a 1 year low of $3.96 and a 1 year high of $6.50. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.29 and a current ratio of 2.29. The firm has a 50 day moving average price of $5.67 and a 200 day moving average price of $5.75. The company has a market cap of $1.82 billion, a price-to-earnings ratio of 51.13 and a beta of 1.10.

Sandstorm Gold (NYSE:SAND) last announced its quarterly earnings data 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). The company had revenue of $44.70 million for the quarter, compared to analysts’ expectations of $44.70 million. Sandstorm Gold had a net margin of 20.46% and a return on equity of 2.44%. Sell-side analysts predict that Sandstorm Gold Ltd. will post 0.09 earnings per share for the current year.

Sandstorm Gold Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Tuesday, January 21st were paid a dividend of $0.02 per share. The ex-dividend date of this dividend was Tuesday, January 21st. This is a positive change from Sandstorm Gold’s previous quarterly dividend of $0.02. This represents a $0.08 annualized dividend and a yield of 1.30%. Sandstorm Gold’s dividend payout ratio is currently 50.00%.

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.