JPMorgan Chase & Co. Cuts Stock Position in Sandstorm Gold Ltd. (NYSE:SAND)

JPMorgan Chase & Co. trimmed its position in Sandstorm Gold Ltd. (NYSE:SAND) by 99.8% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,720 shares of the company’s stock after selling 2,344,553 shares during the period. JPMorgan Chase & Co.’s holdings in Sandstorm Gold were worth $34,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Integrated Wealth Concepts LLC boosted its holdings in shares of Sandstorm Gold by 14.9% in the third quarter. Integrated Wealth Concepts LLC now owns 521,873 shares of the company’s stock valued at $3,131,000 after acquiring an additional 67,759 shares in the last quarter. Barclays PLC lifted its position in Sandstorm Gold by 6.4% in the third quarter. Barclays PLC now owns 399,854 shares of the company’s stock valued at $2,400,000 after purchasing an additional 23,947 shares during the period. Private Advisor Group LLC boosted its holdings in Sandstorm Gold by 2.2% in the 3rd quarter. Private Advisor Group LLC now owns 314,963 shares of the company’s stock valued at $1,890,000 after purchasing an additional 6,669 shares in the last quarter. Quantbot Technologies LP raised its stake in shares of Sandstorm Gold by 14.4% during the 3rd quarter. Quantbot Technologies LP now owns 132,996 shares of the company’s stock worth $798,000 after buying an additional 16,779 shares in the last quarter. Finally, Intact Investment Management Inc. lifted its holdings in shares of Sandstorm Gold by 195.0% in the 3rd quarter. Intact Investment Management Inc. now owns 130,100 shares of the company’s stock valued at $781,000 after buying an additional 86,000 shares during the period. 51.97% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently weighed in on SAND. StockNews.com lowered Sandstorm Gold from a “buy” rating to a “hold” rating in a report on Thursday, November 14th. HC Wainwright boosted their target price on shares of Sandstorm Gold from $11.50 to $12.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $8.50.

Sandstorm Gold Stock Performance

SAND opened at $6.14 on Wednesday. Sandstorm Gold Ltd. has a 1-year low of $3.96 and a 1-year high of $6.50. The stock has a market cap of $1.82 billion, a P/E ratio of 51.13 and a beta of 1.10. The stock’s 50 day simple moving average is $5.67 and its 200 day simple moving average is $5.75. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.29 and a quick ratio of 2.29.

Sandstorm Gold (NYSE:SAND) last posted its earnings results on Thursday, November 7th. The company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.01). Sandstorm Gold had a net margin of 20.46% and a return on equity of 2.44%. The firm had revenue of $44.70 million during the quarter, compared to analyst estimates of $44.70 million. As a group, equities analysts anticipate that Sandstorm Gold Ltd. will post 0.09 EPS for the current fiscal year.

Sandstorm Gold Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Tuesday, January 21st were issued a dividend of $0.02 per share. This is an increase from Sandstorm Gold’s previous quarterly dividend of $0.02. This represents a $0.08 annualized dividend and a yield of 1.30%. The ex-dividend date was Tuesday, January 21st. Sandstorm Gold’s dividend payout ratio (DPR) is 50.00%.

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.