Dynamic Technology Lab Private Ltd Has $286,000 Holdings in Sandstorm Gold Ltd. (NYSE:SAND)

Dynamic Technology Lab Private Ltd grew its holdings in Sandstorm Gold Ltd. (NYSE:SAND) by 219.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 47,727 shares of the company’s stock after purchasing an additional 32,766 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in Sandstorm Gold were worth $286,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Mad River Investors increased its stake in Sandstorm Gold by 1.6% in the 2nd quarter. Mad River Investors now owns 192,069 shares of the company’s stock valued at $1,045,000 after buying an additional 3,016 shares during the period. Raymond James & Associates raised its holdings in shares of Sandstorm Gold by 1.1% during the second quarter. Raymond James & Associates now owns 302,128 shares of the company’s stock worth $1,644,000 after acquiring an additional 3,319 shares in the last quarter. Pullen Investment Management LLC boosted its position in Sandstorm Gold by 3.2% during the second quarter. Pullen Investment Management LLC now owns 109,976 shares of the company’s stock valued at $598,000 after purchasing an additional 3,442 shares during the last quarter. Oxbow Advisors LLC grew its stake in Sandstorm Gold by 34.3% in the second quarter. Oxbow Advisors LLC now owns 20,556 shares of the company’s stock valued at $112,000 after purchasing an additional 5,254 shares in the last quarter. Finally, Private Advisor Group LLC increased its position in Sandstorm Gold by 2.2% in the 3rd quarter. Private Advisor Group LLC now owns 314,963 shares of the company’s stock worth $1,890,000 after purchasing an additional 6,669 shares during the last quarter. 51.97% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on SAND shares. StockNews.com cut Sandstorm Gold from a “buy” rating to a “hold” rating in a research note on Thursday, November 14th. Royal Bank of Canada decreased their target price 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 lifted their price objective on shares of Sandstorm Gold from $11.50 to $12.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $8.35.

Sandstorm Gold Price Performance

Shares of Sandstorm Gold stock opened at $5.79 on Monday. The company has a current ratio of 2.29, a quick ratio of 2.29 and a debt-to-equity ratio of 0.26. The firm has a fifty day simple moving average of $5.94 and a 200-day simple moving average of $5.73. The stock has a market capitalization of $1.72 billion, a price-to-earnings ratio of 48.25 and a beta of 1.13. 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 earnings results on Thursday, November 7th. The company reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.01). The firm had revenue of $44.70 million for the quarter, compared to analyst estimates of $44.70 million. Sandstorm Gold had a return on equity of 2.44% and a net margin of 20.46%. On average, sell-side analysts expect that Sandstorm Gold Ltd. will post 0.09 earnings per share for the current year.

Sandstorm Gold Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 25th. Shareholders of record on Tuesday, October 15th were issued a $0.015 dividend. The ex-dividend date was Tuesday, October 15th. This represents a $0.06 dividend on an annualized basis and a yield of 1.04%. This is a positive change from Sandstorm Gold’s previous quarterly dividend of $0.01. Sandstorm Gold’s dividend payout ratio (DPR) is 41.67%.

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.