Bard Associates Inc. Reduces Holdings in Sandstorm Gold Ltd. (NYSE:SAND)

Bard Associates Inc. decreased its holdings in Sandstorm Gold Ltd. (NYSE:SAND) by 88.6% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 52,906 shares of the company’s stock after selling 411,762 shares during the quarter. Bard Associates Inc.’s holdings in Sandstorm Gold were worth $295,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Sprott Inc. boosted its holdings in shares of Sandstorm Gold by 77.9% in the fourth quarter. Sprott Inc. now owns 4,465,843 shares of the company’s stock worth $24,925,000 after buying an additional 1,955,916 shares during the last quarter. Barclays PLC lifted its holdings in Sandstorm Gold by 6.4% during 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 in the last quarter. FMR LLC purchased a new position in Sandstorm Gold during the third quarter valued at approximately $600,000. Intact Investment Management Inc. lifted its holdings in Sandstorm Gold by 195.0% during the third quarter. Intact Investment Management Inc. now owns 130,100 shares of the company’s stock valued at $781,000 after purchasing an additional 86,000 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in Sandstorm Gold by 7.5% during the third quarter. Geode Capital Management LLC now owns 125,681 shares of the company’s stock valued at $757,000 after purchasing an additional 8,728 shares in the last quarter. Hedge funds and other institutional investors own 51.97% of the company’s stock.

Wall Street Analyst Weigh In

SAND has been the topic of several analyst reports. Scotiabank lifted their price target on shares of Sandstorm Gold from $6.75 to $7.25 and gave the company a “sector perform” rating in a report on Thursday, February 27th. StockNews.com raised shares of Sandstorm Gold from a “hold” rating to a “buy” rating in a report on Wednesday, February 26th. Finally, HC Wainwright lowered their price target 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. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $8.56.

Sandstorm Gold Price Performance

SAND stock opened at $6.17 on Tuesday. Sandstorm Gold Ltd. has a one year low of $4.50 and a one year high of $6.67. The company’s fifty day moving average price is $5.92 and its 200-day moving average price is $5.86. 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 company has a market capitalization of $1.83 billion, a PE ratio of 123.42 and a beta of 1.10.

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

Sandstorm Gold Increases Dividend

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

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.