Oppenheimer Asset Management Inc. Acquires Shares of 16,614 Sandstorm Gold Ltd. (NYSE:SAND)

Oppenheimer Asset Management Inc. bought a new stake in shares of Sandstorm Gold Ltd. (NYSE:SAND) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 16,614 shares of the company’s stock, valued at approximately $93,000.

Other institutional investors have also added to or reduced their stakes in the company. Sprott Inc. grew its stake in Sandstorm Gold by 77.9% in the fourth quarter. Sprott Inc. now owns 4,465,843 shares of the company’s stock valued at $24,925,000 after purchasing an additional 1,955,916 shares during the last quarter. Louisbourg Investments Inc. boosted its holdings 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 valued at $4,071,000 after buying an additional 108,000 shares in the last quarter. Integrated Wealth Concepts LLC grew 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 buying an additional 67,759 shares during the last quarter. Barclays PLC raised its stake in shares of Sandstorm Gold by 6.4% during the 3rd quarter. Barclays PLC now owns 399,854 shares of the company’s stock worth $2,400,000 after acquiring an additional 23,947 shares in the last quarter. Finally, C WorldWide Group Holding A S lifted its position in Sandstorm Gold by 10.0% during the fourth quarter. C WorldWide Group Holding A S now owns 398,069 shares of the company’s stock valued at $2,221,000 after acquiring an additional 36,257 shares during the last quarter. Hedge funds and other institutional investors own 51.97% of the company’s stock.

Sandstorm Gold Trading Down 0.7 %

NYSE SAND opened at $6.31 on Friday. The stock has a market cap of $1.87 billion, a P/E ratio of 126.13 and a beta of 1.06. The company has a current ratio of 1.95, a quick ratio of 2.29 and a debt-to-equity ratio of 0.24. Sandstorm Gold Ltd. has a 12-month low of $4.60 and a 12-month high of $6.67. The company has a fifty day simple moving average of $5.97 and a two-hundred day simple moving average of $5.87.

Sandstorm Gold (NYSE:SAND) last issued its quarterly earnings results on Tuesday, February 18th. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.03). The firm had revenue of $47.40 million for the quarter, compared to analyst estimates 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 firm posted ($0.04) EPS. On average, analysts forecast that Sandstorm Gold Ltd. will post 0.18 earnings per share for the current year.

Sandstorm Gold Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Tuesday, January 21st were issued a $0.02 dividend. This is a boost from Sandstorm Gold’s previous quarterly dividend of $0.02. The ex-dividend date of this dividend was Tuesday, January 21st. This represents a $0.08 dividend on an annualized basis and a yield of 1.27%. Sandstorm Gold’s payout ratio is presently 100.00%.

Analysts Set New Price Targets

Several equities analysts have issued reports on SAND shares. HC Wainwright cut their price target on shares of Sandstorm Gold from $12.00 to $11.50 and set a “buy” rating on the stock in a report on Wednesday, February 19th. StockNews.com raised Sandstorm Gold from a “hold” rating to a “buy” rating in a research report on Wednesday, February 26th. Finally, Scotiabank upped their target price on Sandstorm Gold from $6.75 to $7.25 and gave the company a “sector perform” rating in a research report on Thursday, February 27th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $8.56.

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.