Geode Capital Management LLC Acquires 8,728 Shares of Sandstorm Gold Ltd. (NYSE:SAND)

Geode Capital Management LLC grew its holdings in Sandstorm Gold Ltd. (NYSE:SAND) by 7.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 125,681 shares of the company’s stock after acquiring an additional 8,728 shares during the quarter. Geode Capital Management LLC’s holdings in Sandstorm Gold were worth $757,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Allworth Financial LP bought a new position in shares of Sandstorm Gold during the 3rd quarter worth about $60,000. Walleye Trading LLC acquired a new stake in Sandstorm Gold during the third quarter valued at approximately $85,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Sandstorm Gold in the 2nd quarter worth approximately $94,000. Point72 Asset Management L.P. bought a new position in shares of Sandstorm Gold during the 3rd quarter worth approximately $153,000. Finally, Quent Capital LLC acquired a new stake in Sandstorm Gold in the 3rd quarter valued at $183,000. Institutional investors and hedge funds own 51.97% of the company’s stock.

Sandstorm Gold Stock Down 0.7 %

Shares of NYSE SAND opened at $5.65 on Friday. Sandstorm Gold Ltd. has a 12-month low of $3.96 and a 12-month high of $6.50. The firm’s 50-day simple moving average is $5.67 and its 200 day simple moving average is $5.73. The company has a quick ratio of 2.29, a current ratio of 2.29 and a debt-to-equity ratio of 0.26. The company has a market cap of $1.68 billion, a price-to-earnings ratio of 47.09 and a beta of 1.10.

Sandstorm Gold (NYSE:SAND) last announced its earnings results 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). The company 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, research analysts expect that Sandstorm Gold Ltd. will post 0.09 earnings per share 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. Stockholders of record on Tuesday, January 21st will be paid a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a dividend yield of 1.42%. The ex-dividend date is Tuesday, January 21st. This is a positive change from Sandstorm Gold’s previous quarterly dividend of $0.02. Sandstorm Gold’s dividend payout ratio is 41.67%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on SAND. HC Wainwright increased their price objective on Sandstorm Gold from $11.50 to $12.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. StockNews.com cut shares of Sandstorm Gold from a “buy” rating to a “hold” rating in a research report on Thursday, November 14th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Sandstorm Gold currently has a consensus rating of “Hold” and an average price target of $8.50.

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.