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 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,465,843 shares of the company’s stock after buying an additional 1,955,916 shares during the quarter. Sandstorm Gold makes up 1.5% of Sprott Inc.’s portfolio, making the stock its 20th largest position. Sprott Inc. owned about 1.51% of Sandstorm Gold worth $24,925,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of SAND. Bank of New York Mellon Corp raised its stake 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. C WorldWide Group Holding A S increased its holdings in Sandstorm Gold by 10.0% during the fourth quarter. C WorldWide Group Holding A S now owns 398,069 shares of the company’s stock worth $2,221,000 after buying an additional 36,257 shares during the last quarter. Olympiad Research LP bought a new stake in Sandstorm Gold during the fourth quarter worth $133,000. Meixler Investment Management Ltd. acquired a new stake in Sandstorm Gold in the fourth quarter valued at $66,000. Finally, Louisbourg Investments Inc. grew its position in shares of Sandstorm Gold by 17.4% in the 4th quarter. Louisbourg Investments Inc. now owns 728,182 shares of the company’s stock valued at $4,071,000 after acquiring an additional 108,000 shares during the period. 51.97% of the stock is currently owned by institutional investors and hedge funds.

Sandstorm Gold Stock Performance

NYSE SAND opened at $6.18 on Wednesday. The stock has a market cap of $1.83 billion, a PE ratio of 123.52 and a beta of 1.10. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.29 and a current ratio of 1.95. The firm has a 50-day moving average of $5.85 and a 200-day moving average of $5.83. Sandstorm Gold Ltd. has a 52-week low of $3.99 and a 52-week high of $6.67.

Sandstorm Gold (NYSE:SAND) last released 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 in the prior year, the company earned ($0.04) earnings per share. On average, sell-side analysts anticipate that Sandstorm Gold Ltd. will post 0.18 EPS for the current year.

Sandstorm Gold Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 31st. Investors 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 annualized dividend and a yield of 1.30%. The ex-dividend date was Tuesday, January 21st. Sandstorm Gold’s dividend payout ratio (DPR) is presently 100.00%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. HC Wainwright dropped their target price on shares of Sandstorm Gold from $12.00 to $11.50 and set a “buy” rating on the stock in a report on Wednesday, February 19th. StockNews.com downgraded Sandstorm Gold from a “buy” rating to a “hold” rating in a research report on Thursday, February 13th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average 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.