Sprott Inc. Acquires 1,955,916 Shares of Sandstorm Gold Ltd. (NYSE:SAND)

Sprott Inc. grew its holdings in shares of Sandstorm Gold Ltd. (NYSE:SAND) by 77.9% during the fourth quarter, HoldingsChannel.com reports. The firm owned 4,465,843 shares of the company’s stock after acquiring an additional 1,955,916 shares during the quarter. Sandstorm Gold makes up about 1.5% of Sprott Inc.’s holdings, making the stock its 20th biggest holding. Sprott Inc.’s holdings in Sandstorm Gold were worth $24,925,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the business. Allworth Financial LP acquired a new stake in Sandstorm Gold during the third quarter worth approximately $60,000. Meixler Investment Management Ltd. bought a new stake in shares of Sandstorm Gold during the 4th quarter valued at $66,000. JTC Employer Solutions Trustee Ltd bought a new stake in shares of Sandstorm Gold during the 4th quarter valued at $72,000. Bank of New York Mellon Corp grew its holdings in shares of Sandstorm Gold by 21.0% during the 4th quarter. Bank of New York Mellon Corp now owns 13,897 shares of the company’s stock worth $78,000 after purchasing an additional 2,416 shares in the last quarter. Finally, Walleye Trading LLC bought a new position in shares of Sandstorm Gold in the third quarter worth $85,000. 51.97% of the stock is owned by institutional investors.

Sandstorm Gold Price Performance

Sandstorm Gold stock opened at $6.18 on Wednesday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.29 and a current ratio of 1.95. Sandstorm Gold Ltd. has a 52 week low of $3.99 and a 52 week high of $6.67. The stock has a market capitalization of $1.83 billion, a P/E ratio of 123.52 and a beta of 1.10. The stock has a fifty day moving average of $5.85 and a 200-day moving average of $5.83.

Sandstorm Gold (NYSE:SAND) last released its earnings results on Tuesday, February 18th. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.03). The business had revenue of $47.40 million during the quarter, compared to the consensus estimate of $67.49 million. Sandstorm Gold had a net margin of 8.11% and a return on equity of 0.98%. During the same quarter in the prior year, the firm earned ($0.04) EPS. On average, sell-side analysts expect that Sandstorm Gold Ltd. will post 0.18 earnings per share for the current fiscal year.

Sandstorm Gold Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Tuesday, January 21st were given a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a yield of 1.30%. This is a boost from Sandstorm Gold’s previous quarterly dividend of $0.02. The ex-dividend date was Tuesday, January 21st. Sandstorm Gold’s dividend payout ratio is currently 100.00%.

Analyst Ratings Changes

SAND has been the subject of several recent analyst reports. StockNews.com cut shares of Sandstorm Gold from a “buy” rating to a “hold” rating in a research report on Thursday, February 13th. HC Wainwright cut their price target on shares of Sandstorm Gold from $12.00 to $11.50 and set a “buy” rating for the company in a report on Wednesday, February 19th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $8.38.

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.