Moors & Cabot Inc. Raises Stock Holdings in Sandstorm Gold Ltd. (NYSE:SAND)

Moors & Cabot Inc. raised its stake in Sandstorm Gold Ltd. (NYSE:SAND) by 3.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 222,908 shares of the company’s stock after buying an additional 7,956 shares during the quarter. Moors & Cabot Inc.’s holdings in Sandstorm Gold were worth $1,244,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Sprott Inc. lifted its holdings in shares of Sandstorm Gold by 77.9% in the 4th quarter. Sprott Inc. now owns 4,465,843 shares of the company’s stock worth $24,925,000 after acquiring an additional 1,955,916 shares during the last quarter. Barclays PLC raised its position in Sandstorm Gold by 6.4% in 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 during the period. FMR LLC acquired a new position in Sandstorm Gold during the third quarter worth $600,000. Geode Capital Management LLC lifted its stake in 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. Finally, Louisbourg Investments Inc. boosted its position in shares of Sandstorm Gold by 17.4% during the fourth quarter. Louisbourg Investments Inc. now owns 728,182 shares of the company’s stock worth $4,071,000 after buying an additional 108,000 shares during the period. Hedge funds and other institutional investors own 51.97% of the company’s stock.

Sandstorm Gold Stock Up 2.1 %

Shares of NYSE SAND opened at $6.45 on Friday. The stock has a market cap of $1.91 billion, a P/E ratio of 128.93 and a beta of 1.06. The business’s fifty day simple moving average is $6.04 and its 200-day simple moving average is $5.90. Sandstorm Gold Ltd. has a 12-month low of $4.76 and a 12-month high of $6.67. The company has a current ratio of 1.95, a quick ratio of 2.29 and a debt-to-equity ratio of 0.24.

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

Sandstorm Gold Increases Dividend

The company 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 1.24%. This is an increase from Sandstorm Gold’s previous quarterly dividend of $0.02. Sandstorm Gold’s payout ratio is currently 100.00%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. StockNews.com upgraded Sandstorm Gold from a “hold” rating to a “buy” rating in a report on Wednesday, February 26th. Scotiabank boosted their price target on shares of Sandstorm Gold from $6.75 to $7.25 and gave the stock a “sector perform” rating in a research note on Thursday, February 27th. Finally, HC Wainwright lowered their price objective on shares of Sandstorm Gold from $12.00 to $11.50 and set a “buy” rating for the company in a research note on Wednesday, February 19th. Two research 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 company 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.