Sandstorm Gold Ltd. (NYSE:SAND) Short Interest Update

Sandstorm Gold Ltd. (NYSE:SAND) was the target of a significant growth in short interest during the month of February. As of February 15th, there was short interest totalling 2,260,000 shares, a growth of 34.5% from the January 31st total of 1,680,000 shares. Approximately 0.9% of the company’s shares are sold short. Based on an average daily trading volume, of 4,610,000 shares, the short-interest ratio is currently 0.5 days.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in SAND. Boston Partners grew its holdings in shares of Sandstorm Gold by 39,289.9% during the fourth quarter. Boston Partners now owns 9,812,015 shares of the company’s stock valued at $54,751,000 after buying an additional 9,787,105 shares during the last quarter. Two Sigma Advisers LP grew its holdings in shares of Sandstorm Gold by 580.6% during the fourth quarter. Two Sigma Advisers LP now owns 2,314,684 shares of the company’s stock valued at $12,916,000 after buying an additional 1,974,600 shares during the last quarter. Sprott Inc. grew its holdings in shares of Sandstorm Gold by 77.9% during the fourth quarter. Sprott Inc. now owns 4,465,843 shares of the company’s stock valued at $24,925,000 after buying an additional 1,955,916 shares during the last quarter. Invesco Ltd. grew its holdings in shares of Sandstorm Gold by 35.0% during the fourth quarter. Invesco Ltd. now owns 6,522,246 shares of the company’s stock valued at $36,394,000 after buying an additional 1,691,296 shares during the last quarter. Finally, Amundi grew its holdings in shares of Sandstorm Gold by 74.9% during the fourth quarter. Amundi now owns 2,890,535 shares of the company’s stock valued at $16,447,000 after buying an additional 1,238,050 shares during the last quarter. 51.97% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on SAND shares. HC Wainwright lowered their target price on shares of Sandstorm Gold from $12.00 to $11.50 and set a “buy” rating for the company in a research note on Wednesday, February 19th. StockNews.com raised shares of Sandstorm Gold from a “hold” rating to a “buy” rating in a research note on Wednesday, February 26th. Finally, Scotiabank lifted their target price on shares of Sandstorm Gold from $6.75 to $7.25 and gave the stock a “sector perform” rating in a research note on Thursday, February 27th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $8.56.

Sandstorm Gold Trading Up 3.8 %

SAND opened at $6.40 on Thursday. Sandstorm Gold has a 1-year low of $4.56 and a 1-year high of $6.67. The company has a current ratio of 1.95, a quick ratio of 2.29 and a debt-to-equity ratio of 0.24. The company has a market cap of $1.89 billion, a P/E ratio of 127.93 and a beta of 1.06. The company has a fifty day moving average price of $5.95 and a two-hundred day moving average price of $5.87.

Sandstorm Gold (NYSE:SAND) last posted its quarterly earnings results on Tuesday, February 18th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.03). Sandstorm Gold had a net margin of 8.11% and a return on equity of 0.98%. The company had revenue of $47.40 million during the quarter, compared to the consensus estimate of $67.49 million. During the same period last year, the firm posted ($0.04) earnings per share. Analysts predict that Sandstorm Gold will post 0.18 EPS for the current fiscal year.

Sandstorm Gold Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Tuesday, January 21st were issued a dividend of $0.02 per share. This is a boost from Sandstorm Gold’s previous quarterly dividend of $0.02. This represents a $0.08 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date of this dividend was Tuesday, January 21st. Sandstorm Gold’s dividend payout ratio (DPR) is currently 100.00%.

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.