Burford Brothers Inc. Buys Shares of 12,449 Sandstorm Gold Ltd $SAND

Burford Brothers Inc. acquired a new position in shares of Sandstorm Gold Ltd (NYSE:SAND) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 12,449 shares of the company’s stock, valued at approximately $117,000.

Other hedge funds also recently made changes to their positions in the company. Farther Finance Advisors LLC raised its position in shares of Sandstorm Gold by 181.8% during the second quarter. Farther Finance Advisors LLC now owns 3,100 shares of the company’s stock worth $29,000 after acquiring an additional 2,000 shares during the last quarter. Venture Visionary Partners LLC acquired a new stake in Sandstorm Gold in the first quarter valued at approximately $91,000. United Advisor Group LLC acquired a new stake in Sandstorm Gold in the first quarter valued at approximately $118,000. FORA Capital LLC purchased a new position in shares of Sandstorm Gold during the first quarter valued at approximately $121,000. Finally, Bank of New York Mellon Corp boosted its position in shares of Sandstorm Gold by 43.8% during the first quarter. Bank of New York Mellon Corp now owns 19,989 shares of the company’s stock valued at $151,000 after buying an additional 6,092 shares during the last quarter. 51.97% of the stock is currently owned by institutional investors.

Sandstorm Gold Price Performance

SAND opened at $12.14 on Friday. The stock has a 50-day moving average price of $11.64 and a 200-day moving average price of $9.86. Sandstorm Gold Ltd has a 12-month low of $5.33 and a 12-month high of $13.09. The company has a current ratio of 2.40, a quick ratio of 2.40 and a debt-to-equity ratio of 0.22. The stock has a market capitalization of $3.58 billion, a P/E ratio of 101.17 and a beta of 0.51.

Sandstorm Gold (NYSE:SAND) last posted its quarterly earnings data on Thursday, August 7th. The company reported $0.05 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.05. Sandstorm Gold had a return on equity of 2.38% and a net margin of 17.78%.The firm had revenue of $51.42 million during the quarter, compared to analysts’ expectations of $68.43 million. Equities analysts predict that Sandstorm Gold Ltd will post 0.18 earnings per share for the current fiscal year.

Sandstorm Gold Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 7th. Stockholders of record on Friday, September 26th were given a $0.02 dividend. The ex-dividend date of this dividend was Friday, September 26th. This represents a $0.08 annualized dividend and a dividend yield of 0.7%. Sandstorm Gold’s dividend payout ratio is currently 50.00%.

Analyst Ratings Changes

A number of analysts recently commented on the company. Stifel Canada lowered Sandstorm Gold from a “strong-buy” rating to a “hold” rating in a report on Monday, July 21st. TD Securities lowered Sandstorm Gold from a “buy” rating to a “sell” rating and set a $14.00 price target on the stock. in a report on Thursday, July 10th. National Bankshares restated an “outperform” rating on shares of Sandstorm Gold in a research note on Tuesday, June 24th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Sandstorm Gold in a research note on Tuesday, October 14th. Four analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $10.15.

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.