Creekmur Asset Management LLC Acquires New Position in Sandstorm Gold Ltd. (NYSE:SAND)

Creekmur Asset Management LLC acquired a new stake in Sandstorm Gold Ltd. (NYSE:SAND) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 7,835 shares of the company’s stock, valued at approximately $39,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Principal Securities Inc. purchased a new position in Sandstorm Gold in the fourth quarter valued at about $25,000. Van Hulzen Asset Management LLC purchased a new position in Sandstorm Gold in the fourth quarter valued at about $50,000. Anchor Investment Management LLC purchased a new position in Sandstorm Gold in the fourth quarter valued at about $53,000. Oxford Asset Management LLP purchased a new position in Sandstorm Gold in the fourth quarter valued at about $53,000. Finally, Jump Financial LLC purchased a new position in Sandstorm Gold in the fourth quarter valued at about $59,000. Institutional investors and hedge funds own 51.97% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. HC Wainwright reaffirmed a “buy” rating and issued a $11.00 target price on shares of Sandstorm Gold in a report on Monday, May 6th. Scotiabank raised their price objective 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.

Sandstorm Gold Trading Down 0.9 %

Shares of SAND opened at $5.39 on Tuesday. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.26 and a quick ratio of 2.26. The firm has a 50 day simple moving average of $5.57 and a 200-day simple moving average of $5.05. Sandstorm Gold Ltd. has a 1-year low of $3.96 and a 1-year high of $6.07. The stock has a market cap of $1.61 billion, a price-to-earnings ratio of 67.38 and a beta of 1.12.

Sandstorm Gold (NYSE:SAND) last released its earnings results on Thursday, May 2nd. The company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.02). The firm had revenue of $42.81 million during the quarter, compared to analysts’ expectations of $42.80 million. Sandstorm Gold had a return on equity of 1.52% and a net margin of 12.24%. Equities analysts forecast that Sandstorm Gold Ltd. will post 0.08 EPS for the current fiscal year.

Sandstorm Gold Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 26th. Shareholders of record on Tuesday, April 16th were paid a $0.0147 dividend. The ex-dividend date was Monday, April 15th. This represents a $0.06 annualized dividend and a yield of 1.09%. Sandstorm Gold’s payout ratio is currently 75.01%.

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.