1,478,038 Shares in Sandstorm Gold Ltd. (NYSE:SAND) Purchased by Sagil Capital LLP

Sagil Capital LLP acquired a new stake in shares of Sandstorm Gold Ltd. (NYSE:SAND) during the 2nd quarter, Holdings Channel reports. The fund acquired 1,478,038 shares of the company’s stock, valued at approximately $8,041,000. Sandstorm Gold accounts for about 4.1% of Sagil Capital LLP’s investment portfolio, making the stock its 6th largest holding.

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

Wall Street Analyst Weigh In

SAND has been the topic of several analyst reports. StockNews.com upgraded shares of Sandstorm Gold from a “hold” rating to a “buy” rating in a research note on Tuesday. CIBC boosted their price target on Sandstorm Gold from $9.00 to $9.50 and gave the company a “neutral” rating in a report on Wednesday, July 10th. Scotiabank raised their price objective on Sandstorm Gold from $6.25 to $6.50 and gave the stock a “sector perform” rating in a research note on Thursday, May 23rd. HC Wainwright lifted their price objective on Sandstorm Gold from $11.00 to $11.50 and gave the company a “buy” rating in a research report on Monday, August 5th. Finally, Royal Bank of Canada reduced their target price on shares of Sandstorm Gold from $6.50 to $6.00 and set an “outperform” rating for the company in a report on Tuesday, September 10th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Sandstorm Gold presently has an average rating of “Moderate Buy” and an average target price of $8.38.

Sandstorm Gold Price Performance

Shares of Sandstorm Gold stock opened at $6.14 on Wednesday. The company has a quick ratio of 1.99, a current ratio of 1.99 and a debt-to-equity ratio of 0.27. Sandstorm Gold Ltd. has a 52 week low of $3.96 and a 52 week high of $6.29. The stock’s 50-day simple moving average is $5.62 and its 200-day simple moving average is $5.47. The company has a market capitalization of $1.82 billion, a price-to-earnings ratio of 76.70 and a beta of 1.14.

Sandstorm Gold (NYSE:SAND) last posted its quarterly earnings results on Thursday, August 1st. The company reported $0.03 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.01. Sandstorm Gold had a return on equity of 2.06% and a net margin of 17.55%. The business had revenue of $41.37 million during the quarter, compared to the consensus estimate of $40.50 million. During the same period in the prior year, the company posted $0.01 EPS. As a group, analysts expect that Sandstorm Gold Ltd. will post 0.09 earnings per share for the current fiscal year.

Sandstorm Gold Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 26th. Stockholders of record on Tuesday, July 16th were given a dividend of $0.0146 per share. This represents a $0.06 annualized dividend and a dividend yield of 0.95%. The ex-dividend date of this dividend was Tuesday, July 16th. Sandstorm Gold’s dividend payout ratio is 75.01%.

Sandstorm Gold 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.