Barclays PLC Increases Stake in Sandstorm Gold Ltd. (NYSE:SAND)

Barclays PLC increased its position in shares of Sandstorm Gold Ltd. (NYSE:SAND) by 6.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 399,854 shares of the company’s stock after purchasing an additional 23,947 shares during the period. Barclays PLC owned approximately 0.13% of Sandstorm Gold worth $2,400,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Raymond James & Associates lifted its stake in Sandstorm Gold by 1.1% in the second quarter. Raymond James & Associates now owns 302,128 shares of the company’s stock worth $1,644,000 after purchasing an additional 3,319 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Sandstorm Gold by 76.8% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 55,831 shares of the company’s stock worth $304,000 after buying an additional 24,260 shares during the period. Helikon Investments Ltd lifted its stake in shares of Sandstorm Gold by 61.8% during the 2nd quarter. Helikon Investments Ltd now owns 2,086,579 shares of the company’s stock worth $11,351,000 after acquiring an additional 796,800 shares during the last quarter. CIBC Asset Management Inc boosted its holdings in Sandstorm Gold by 7.5% during the 2nd quarter. CIBC Asset Management Inc now owns 306,541 shares of the company’s stock valued at $1,666,000 after acquiring an additional 21,322 shares during the period. Finally, Versor Investments LP grew its position in Sandstorm Gold by 39.1% in the 2nd quarter. Versor Investments LP now owns 35,900 shares of the company’s stock valued at $195,000 after acquiring an additional 10,100 shares during the last quarter. 51.97% of the stock is currently owned by institutional investors.

Sandstorm Gold Stock Up 1.1 %

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 firm has a market cap of $1.62 billion, a PE ratio of 45.42 and a beta of 1.11. The company has a 50-day moving average of $5.80 and a 200 day moving average of $5.71. Sandstorm Gold Ltd. has a 1-year low of $3.96 and a 1-year high of $6.50.

Sandstorm Gold (NYSE:SAND) last released its quarterly earnings data on Thursday, November 7th. The company reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.01). The business had revenue of $44.70 million for the quarter, compared to the consensus estimate of $44.70 million. Sandstorm Gold had a net margin of 20.46% and a return on equity of 2.44%. As a group, research analysts anticipate that Sandstorm Gold Ltd. will post 0.09 EPS for the current fiscal year.

Sandstorm Gold Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Tuesday, January 21st will be issued a $0.02 dividend. The ex-dividend date is Tuesday, January 21st. This is an increase from Sandstorm Gold’s previous quarterly dividend of $0.02. This represents a $0.08 dividend on an annualized basis and a dividend yield of 1.47%. Sandstorm Gold’s dividend payout ratio (DPR) is currently 41.67%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on SAND. StockNews.com downgraded Sandstorm Gold from a “buy” rating to a “hold” rating in a research report on Thursday, November 14th. Royal Bank of Canada lowered their price objective on shares of Sandstorm Gold from $6.50 to $6.00 and set an “outperform” rating for the company in a research report on Tuesday, September 10th. Finally, HC Wainwright raised their target price on shares of Sandstorm Gold from $11.50 to $12.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Three research 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, the company presently has a consensus rating of “Hold” and an average price target of $8.50.

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.