U S Global Investors Inc. Buys 216,756 Shares of Sandstorm Gold Ltd. (NYSE:SAND)

U S Global Investors Inc. lifted its position in Sandstorm Gold Ltd. (NYSE:SAND) by 31.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 909,749 shares of the company’s stock after purchasing an additional 216,756 shares during the quarter. U S Global Investors Inc.’s holdings in Sandstorm Gold were worth $5,076,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Bank of New York Mellon Corp boosted its stake in Sandstorm Gold by 21.0% in the fourth 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. FNY Investment Advisers LLC grew its holdings in Sandstorm Gold by 20.0% during the 4th quarter. FNY Investment Advisers LLC now owns 24,000 shares of the company’s stock worth $133,000 after acquiring an additional 4,000 shares during the last quarter. Money Concepts Capital Corp grew its holdings in Sandstorm Gold by 3.1% during the 4th quarter. Money Concepts Capital Corp now owns 177,499 shares of the company’s stock worth $990,000 after acquiring an additional 5,393 shares during the last quarter. Stansberry Asset Management LLC raised its stake in shares of Sandstorm Gold by 17.1% in the third quarter. Stansberry Asset Management LLC now owns 46,569 shares of the company’s stock worth $279,000 after acquiring an additional 6,817 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of Sandstorm Gold by 7.5% during the third quarter. Geode Capital Management LLC now owns 125,681 shares of the company’s stock worth $757,000 after purchasing an additional 8,728 shares in the last quarter. Institutional investors and hedge funds own 51.97% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on SAND. Scotiabank boosted their price objective on shares of Sandstorm Gold from $6.75 to $7.25 and gave the stock a “sector perform” rating in a research report on Thursday. HC Wainwright reduced their price objective on shares of Sandstorm Gold from $12.00 to $11.50 and set a “buy” rating on the stock in a research note on Wednesday, February 19th. Finally, StockNews.com raised shares of Sandstorm Gold from a “hold” rating to a “buy” rating in a research note on Wednesday. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $8.56.

Sandstorm Gold Stock Performance

Shares of SAND opened at $6.24 on Friday. Sandstorm Gold Ltd. has a twelve month low of $3.99 and a twelve month high of $6.67. 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’s 50 day moving average price is $5.89 and its two-hundred day moving average price is $5.84. The firm has a market cap of $1.85 billion, a P/E ratio of 124.72 and a beta of 1.10.

Sandstorm Gold (NYSE:SAND) last issued its earnings results 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 for the quarter, compared to analyst estimates of $67.49 million. During the same quarter in the previous year, the firm posted ($0.04) earnings per share. On average, analysts forecast that Sandstorm Gold Ltd. will post 0.18 EPS for the current fiscal year.

Sandstorm Gold Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Tuesday, January 21st were paid a $0.02 dividend. The ex-dividend date was Tuesday, January 21st. This represents a $0.08 dividend on an annualized basis and a yield of 1.28%. This is a positive change from Sandstorm Gold’s previous quarterly dividend of $0.02. Sandstorm Gold’s dividend payout ratio is 100.00%.

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.