Acadian Asset Management LLC Takes $205,000 Position in Sandstorm Gold Ltd. (NYSE:SAND)

Acadian Asset Management LLC acquired a new position in shares of Sandstorm Gold Ltd. (NYSE:SAND) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 37,800 shares of the company’s stock, valued at approximately $205,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Principal Securities Inc. bought a new position in shares of Sandstorm Gold during the fourth quarter worth about $25,000. Perritt Capital Management Inc. bought a new position in shares of Sandstorm Gold during the 1st quarter worth approximately $31,000. Creekmur Asset Management LLC bought a new position in shares of Sandstorm Gold during the 4th quarter worth approximately $39,000. Oxford Asset Management LLP acquired a new stake in shares of Sandstorm Gold in the fourth quarter valued at approximately $53,000. Finally, Jump Financial LLC bought a new stake in shares of Sandstorm Gold in the fourth quarter worth $59,000. 51.97% of the stock is currently owned by institutional investors and hedge funds.

Sandstorm Gold Stock Up 3.0 %

Shares of SAND stock opened at $6.21 on Friday. Sandstorm Gold Ltd. has a 52-week low of $3.96 and a 52-week high of $6.32. The stock has a market cap of $1.85 billion, a price-to-earnings ratio of 77.63 and a beta of 1.14. The firm’s 50-day moving average is $5.64 and its 200-day moving average is $5.49. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.99 and a current ratio of 1.99.

Sandstorm Gold (NYSE:SAND) last announced its quarterly earnings results on Thursday, August 1st. The company reported $0.03 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.01. Sandstorm Gold had a return on equity of 2.06% and a net margin of 17.55%. The firm had revenue of $41.37 million for the quarter, compared to the consensus estimate of $40.50 million. During the same quarter in the previous year, the business earned $0.01 earnings per share. Sell-side analysts predict that Sandstorm Gold Ltd. will post 0.09 EPS for the current year.

Sandstorm Gold Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 26th. Investors of record on Tuesday, July 16th were paid a $0.0146 dividend. This represents a $0.06 dividend on an annualized basis and a yield of 0.94%. The ex-dividend date of this dividend was Tuesday, July 16th. Sandstorm Gold’s dividend payout ratio (DPR) is presently 75.01%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. HC Wainwright raised their target price on shares of Sandstorm Gold from $11.00 to $11.50 and gave the company a “buy” rating in a research report on Monday, August 5th. Royal Bank of Canada decreased their price objective on Sandstorm Gold from $6.50 to $6.00 and set an “outperform” rating for the company in a report on Tuesday, September 10th. CIBC upped their target price on Sandstorm Gold from $9.00 to $9.50 and gave the stock a “neutral” rating in a report on Wednesday, July 10th. Finally, StockNews.com upgraded Sandstorm Gold from a “hold” rating to a “buy” rating in a research note on Tuesday. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Sandstorm Gold has an average rating of “Moderate Buy” and an average target price of $8.38.

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.