SG Americas Securities LLC Has $611,000 Holdings in Sandstorm Gold Ltd. (NYSE:SAND)

SG Americas Securities LLC cut its stake in Sandstorm Gold Ltd. (NYSE:SAND) by 2.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 109,455 shares of the company’s stock after selling 2,323 shares during the period. SG Americas Securities LLC’s holdings in Sandstorm Gold were worth $611,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Squarepoint Ops LLC bought a new stake in shares of Sandstorm Gold in the second quarter valued at about $606,000. Barclays PLC raised its holdings in Sandstorm Gold by 6.4% in the 3rd quarter. Barclays PLC now owns 399,854 shares of the company’s stock valued at $2,400,000 after acquiring an additional 23,947 shares in the last quarter. FMR LLC bought a new stake in shares of Sandstorm Gold in the 3rd quarter worth approximately $600,000. Dimensional Fund Advisors LP grew its holdings in shares of Sandstorm Gold by 42.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,149,232 shares of the company’s stock worth $17,162,000 after purchasing an additional 935,005 shares in the last quarter. Finally, Intact Investment Management Inc. increased its position in shares of Sandstorm Gold by 195.0% during the third quarter. Intact Investment Management Inc. now owns 130,100 shares of the company’s stock valued at $781,000 after purchasing an additional 86,000 shares during the period. 51.97% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently commented on SAND. HC Wainwright raised their target price on Sandstorm Gold from $11.50 to $12.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. StockNews.com cut shares of Sandstorm Gold from a “buy” rating to a “hold” rating in a research note on Thursday, November 14th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, Sandstorm Gold has a consensus rating of “Hold” and a consensus target price of $8.50.

Sandstorm Gold Price Performance

Sandstorm Gold stock opened at $5.94 on Friday. The business has a 50 day simple moving average of $5.66 and a 200 day simple moving average of $5.74. 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 company has a market capitalization of $1.76 billion, a PE ratio of 49.46 and a beta of 1.10. Sandstorm Gold Ltd. has a one year low of $3.96 and a one year high of $6.50.

Sandstorm Gold (NYSE:SAND) last issued 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). Sandstorm Gold had a net margin of 20.46% and a return on equity of 2.44%. The company had revenue of $44.70 million for the quarter, compared to the consensus estimate of $44.70 million. On average, sell-side analysts forecast that Sandstorm Gold Ltd. will post 0.09 EPS for the current fiscal year.

Sandstorm Gold Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Tuesday, January 21st will be given a $0.02 dividend. The ex-dividend date of this dividend is Tuesday, January 21st. This is a positive change from Sandstorm Gold’s previous quarterly dividend of $0.02. This represents a $0.08 dividend on an annualized basis and a yield of 1.35%. Sandstorm Gold’s payout ratio is 41.67%.

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.