Creative Planning Sells 4,994 Shares of Sandstorm Gold Ltd. (NYSE:SAND)

Creative Planning decreased its position in Sandstorm Gold Ltd. (NYSE:SAND) by 8.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 52,731 shares of the company’s stock after selling 4,994 shares during the quarter. Creative Planning’s holdings in Sandstorm Gold were worth $287,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the company. Van ECK Associates Corp grew its holdings in Sandstorm Gold by 5.9% in the 1st quarter. Van ECK Associates Corp now owns 30,542,674 shares of the company’s stock valued at $160,349,000 after buying an additional 1,703,874 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its position in shares of Sandstorm Gold by 2.2% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 3,634,027 shares of the company’s stock valued at $19,766,000 after acquiring an additional 78,032 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Sandstorm Gold by 42.2% in the second quarter. Dimensional Fund Advisors LP now owns 3,149,232 shares of the company’s stock valued at $17,162,000 after acquiring an additional 935,005 shares in the last quarter. Helikon Investments Ltd increased its position in Sandstorm Gold by 61.8% during the second 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 period. Finally, Bank of Montreal Can raised its stake in Sandstorm Gold by 2.7% in the 2nd quarter. Bank of Montreal Can now owns 1,560,657 shares of the company’s stock worth $8,511,000 after purchasing an additional 41,623 shares in the last quarter. Institutional investors own 51.97% of the company’s stock.

Sandstorm Gold Stock Performance

NYSE SAND opened at $6.01 on Friday. The firm’s 50 day simple moving average is $5.81 and its 200 day simple moving average is $5.64. The firm has a market capitalization of $1.79 billion, a price-to-earnings ratio of 75.13 and a beta of 1.14. The company has a current ratio of 1.99, a quick ratio of 1.99 and a debt-to-equity ratio of 0.27. Sandstorm Gold Ltd. has a 1 year low of $3.96 and a 1 year high of $6.38.

Sandstorm Gold (NYSE:SAND) last issued its earnings results on Thursday, August 1st. The company reported $0.03 earnings per share for the quarter, beating 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 last year, the business posted $0.01 EPS. As a group, research analysts expect that Sandstorm Gold Ltd. will post 0.09 earnings per share for the current fiscal year.

Sandstorm Gold Increases Dividend

The firm 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 represents a $0.06 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date of this dividend is Tuesday, October 15th. This is a boost from Sandstorm Gold’s previous quarterly dividend of $0.01. Sandstorm Gold’s payout ratio is currently 62.50%.

Wall Street Analysts Forecast Growth

SAND has been the topic of a number of analyst reports. HC Wainwright increased their target price 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. StockNews.com upgraded Sandstorm Gold from a “hold” rating to a “buy” rating in a research note on Friday, September 27th. Royal Bank of Canada dropped 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. Finally, CIBC increased 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. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Sandstorm Gold presently has a consensus rating of “Moderate Buy” and a consensus price target of $8.25.

Sandstorm Gold Company 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.