Aigen Investment Management LP Buys 19,595 Shares of Sandstorm Gold Ltd. (NYSE:SAND)

Aigen Investment Management LP raised its stake in shares of Sandstorm Gold Ltd. (NYSE:SAND) by 46.2% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 61,980 shares of the company’s stock after purchasing an additional 19,595 shares during the period. Aigen Investment Management LP’s holdings in Sandstorm Gold were worth $347,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in SAND. Meixler Investment Management Ltd. bought a new position in shares of Sandstorm Gold during the 4th quarter valued at about $66,000. JTC Employer Solutions Trustee Ltd bought a new position in shares of Sandstorm Gold during the 4th quarter valued at about $72,000. Bank of New York Mellon Corp boosted 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 valued at $78,000 after purchasing an additional 2,416 shares during the last quarter. Walleye Trading LLC bought a new position in shares of Sandstorm Gold during the 3rd quarter valued at about $85,000. Finally, Fiduciary Family Office LLC purchased a new stake in shares of Sandstorm Gold during the 4th quarter valued at about $93,000. Institutional investors own 51.97% of the company’s stock.

Sandstorm Gold Stock Performance

Sandstorm Gold stock opened at $6.31 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.95 and a quick ratio of 2.29. Sandstorm Gold Ltd. has a 1-year low of $4.60 and a 1-year high of $6.67. The firm has a market capitalization of $1.87 billion, a P/E ratio of 126.13 and a beta of 1.06. The company’s 50-day moving average is $5.99 and its 200 day moving average is $5.88.

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

Sandstorm Gold Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Tuesday, January 21st were given a $0.02 dividend. This is a positive change from Sandstorm Gold’s previous quarterly dividend of $0.02. This represents a $0.08 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date was Tuesday, January 21st. Sandstorm Gold’s dividend payout ratio is 100.00%.

Analyst Ratings Changes

SAND has been the topic of several recent research reports. StockNews.com upgraded shares of Sandstorm Gold from a “hold” rating to a “buy” rating in a research report on Wednesday, February 26th. HC Wainwright decreased their target price on shares of Sandstorm Gold from $12.00 to $11.50 and set a “buy” rating on the stock in a research report on Wednesday, February 19th. Finally, Scotiabank upped their target price on shares of Sandstorm Gold from $6.75 to $7.25 and gave the company a “sector perform” rating in a research report on Thursday, February 27th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $8.56.

Sandstorm Gold 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.