C WorldWide Group Holding A S Has $2.22 Million Stock Holdings in Sandstorm Gold Ltd. (NYSE:SAND)

C WorldWide Group Holding A S increased its holdings in shares of Sandstorm Gold Ltd. (NYSE:SAND) by 10.0% during the 4th quarter, Holdings Channel reports. The institutional investor owned 398,069 shares of the company’s stock after acquiring an additional 36,257 shares during the quarter. C WorldWide Group Holding A S’s holdings in Sandstorm Gold were worth $2,221,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Louisbourg Investments Inc. lifted its position in shares of Sandstorm Gold by 17.4% in the 4th quarter. Louisbourg Investments Inc. now owns 728,182 shares of the company’s stock worth $4,071,000 after purchasing an additional 108,000 shares during the period. Integrated Wealth Concepts LLC lifted its position in shares of Sandstorm Gold by 14.9% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 521,873 shares of the company’s stock worth $3,131,000 after purchasing an additional 67,759 shares during the period. Barclays PLC lifted its position in shares of Sandstorm Gold by 6.4% in the 3rd quarter. Barclays PLC now owns 399,854 shares of the company’s stock worth $2,400,000 after purchasing an additional 23,947 shares during the period. Private Advisor Group LLC lifted its position in shares of Sandstorm Gold by 2.2% in the 3rd quarter. Private Advisor Group LLC now owns 314,963 shares of the company’s stock worth $1,890,000 after purchasing an additional 6,669 shares during the period. Finally, Money Concepts Capital Corp lifted its position in shares of Sandstorm Gold by 3.1% in the 4th quarter. Money Concepts Capital Corp now owns 177,499 shares of the company’s stock worth $990,000 after purchasing an additional 5,393 shares during the period. 51.97% of the stock is currently owned by institutional investors and hedge funds.

Sandstorm Gold Stock Down 3.3 %

Shares of NYSE SAND opened at $5.99 on Monday. The firm has a market cap of $1.77 billion, a PE ratio of 119.72 and a beta of 1.10. Sandstorm Gold Ltd. has a 12-month low of $3.99 and a 12-month high of $6.67. The company’s fifty day simple moving average is $5.83 and its 200 day simple moving average is $5.82. The company has a quick ratio of 2.29, a current ratio of 1.95 and a debt-to-equity ratio of 0.24.

Sandstorm Gold (NYSE:SAND) last issued its earnings results on Tuesday, February 18th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.03). The company had revenue of $47.40 million for the quarter, compared to the consensus estimate of $67.49 million. Sandstorm Gold had a return on equity of 0.98% and a net margin of 8.11%. During the same period in the prior year, the company earned ($0.04) earnings per share. As a group, sell-side analysts forecast that Sandstorm Gold Ltd. will post 0.18 earnings per share for the current fiscal year.

Sandstorm Gold Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Tuesday, January 21st were paid a dividend of $0.02 per share. The ex-dividend date 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 1.34%. Sandstorm Gold’s dividend payout ratio is currently 120.02%.

Analysts Set New Price Targets

SAND has been the topic of a number of recent analyst reports. StockNews.com downgraded shares of Sandstorm Gold from a “buy” rating to a “hold” rating in a research report on Thursday, February 13th. HC Wainwright dropped their price target on shares of Sandstorm Gold from $12.00 to $11.50 and set a “buy” rating on the stock in a research report on Wednesday, February 19th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $8.38.

About Sandstorm Gold

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.