Louisbourg Investments Inc. Raises Stock Holdings in Sandstorm Gold Ltd. (NYSE:SAND)

Louisbourg Investments Inc. grew its stake in shares of Sandstorm Gold Ltd. (NYSE:SAND) by 17.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 728,182 shares of the company’s stock after acquiring an additional 108,000 shares during the quarter. Louisbourg Investments Inc.’s holdings in Sandstorm Gold were worth $4,071,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Allworth Financial LP purchased a new stake in Sandstorm Gold during the third quarter valued at $60,000. JTC Employer Solutions Trustee Ltd bought a new stake in shares of Sandstorm Gold during the 4th quarter valued at about $72,000. Walleye Trading LLC purchased a new stake in shares of Sandstorm Gold during the 3rd quarter valued at about $85,000. Fiduciary Family Office LLC bought a new position in shares of Sandstorm Gold in the 4th quarter worth approximately $93,000. Finally, Fiduciary Alliance LLC lifted its stake in shares of Sandstorm Gold by 119.4% in the 4th quarter. Fiduciary Alliance LLC now owns 22,735 shares of the company’s stock worth $127,000 after purchasing an additional 12,375 shares during the period. Hedge funds and other institutional investors own 51.97% of the company’s stock.

Analysts Set New Price Targets

SAND has been the subject 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 5th. HC Wainwright boosted their price objective on shares of Sandstorm Gold from $11.50 to $12.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, Sandstorm Gold currently has an average rating of “Moderate Buy” and a consensus price target of $8.50.

Sandstorm Gold Stock Performance

SAND opened at $6.46 on Wednesday. The firm has a market cap of $1.91 billion, a P/E ratio of 53.80 and a beta of 1.10. Sandstorm Gold Ltd. has a 1-year low of $3.96 and a 1-year high of $6.53. The company has a 50 day simple moving average of $5.73 and a two-hundred day simple moving average of $5.77. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.29 and a quick ratio of 2.29.

Sandstorm Gold Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Tuesday, January 21st were paid a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date was Tuesday, January 21st. This is a positive change from Sandstorm Gold’s previous quarterly dividend of $0.02. Sandstorm Gold’s dividend payout ratio is presently 50.00%.

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.