Quent Capital LLC Makes New Investment in Sandstorm Gold Ltd. (NYSE:SAND)

Quent Capital LLC purchased a new stake in shares of Sandstorm Gold Ltd. (NYSE:SAND) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 30,000 shares of the company’s stock, valued at approximately $183,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Perritt Capital Management Inc. bought a new position in Sandstorm Gold during the first quarter valued at about $31,000. Creekmur Asset Management LLC bought a new position in shares of Sandstorm Gold during the 4th quarter valued at about $39,000. Mather Group LLC. bought a new position in shares of Sandstorm Gold during the 2nd quarter valued at about $67,000. Oak Family Advisors LLC acquired a new position in shares of Sandstorm Gold in the 2nd quarter worth approximately $88,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Sandstorm Gold in the 2nd quarter worth approximately $94,000. 51.97% of the stock is currently owned by institutional investors.

Sandstorm Gold Stock Performance

Shares of Sandstorm Gold stock opened at $5.89 on Friday. The stock has a market cap of $1.75 billion, a PE ratio of 73.63 and a beta of 1.14. Sandstorm Gold Ltd. has a 12 month low of $3.96 and a 12 month high of $6.38. The company has a quick ratio of 1.99, a current ratio of 1.99 and a debt-to-equity ratio of 0.27. The business has a fifty day simple moving average of $5.71 and a 200-day simple moving average of $5.59.

Sandstorm Gold (NYSE:SAND) last released its earnings results on Thursday, August 1st. The company reported $0.03 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.01. The company had revenue of $41.37 million for the quarter, compared to analysts’ expectations of $40.50 million. Sandstorm Gold had a return on equity of 2.06% and a net margin of 17.55%. During the same quarter in the previous year, the business posted $0.01 EPS. On average, sell-side analysts anticipate that Sandstorm Gold Ltd. will post 0.09 EPS for the current fiscal year.

Sandstorm Gold Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 25th. Shareholders of record on Tuesday, October 15th will be given a $0.015 dividend. This is an increase from Sandstorm Gold’s previous quarterly dividend of $0.01. The ex-dividend date is Tuesday, October 15th. This represents a $0.06 dividend on an annualized basis and a yield of 1.02%. Sandstorm Gold’s dividend payout ratio is presently 62.50%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. HC Wainwright lifted their price target on shares of Sandstorm Gold from $11.00 to $11.50 and gave the stock a “buy” rating in a research report on Monday, August 5th. Royal Bank of Canada decreased their target price on Sandstorm Gold from $6.50 to $6.00 and set an “outperform” rating on the stock in a report on Tuesday, September 10th. StockNews.com upgraded Sandstorm Gold from a “hold” rating to a “buy” rating in a research report on Friday, September 27th. Finally, CIBC lifted their price target on Sandstorm Gold from $9.00 to $9.50 and gave the stock a “neutral” rating in a research note on Wednesday, July 10th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $8.25.

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.