Fiduciary Family Office LLC Makes New Investment in Sandstorm Gold Ltd. (NYSE:SAND)

Fiduciary Family Office LLC bought a new stake in Sandstorm Gold Ltd. (NYSE:SAND) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 16,680 shares of the company’s stock, valued at approximately $93,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SAND. Dimensional Fund Advisors LP raised its position in shares of Sandstorm Gold by 42.2% during the second quarter. Dimensional Fund Advisors LP now owns 3,149,232 shares of the company’s stock worth $17,162,000 after purchasing an additional 935,005 shares during the period. Renaissance Technologies LLC lifted its holdings in shares of Sandstorm Gold by 31.6% in the second quarter. Renaissance Technologies LLC now owns 472,800 shares of the company’s stock valued at $2,572,000 after purchasing an additional 113,500 shares in the last quarter. Squarepoint Ops LLC bought a new stake in Sandstorm Gold in the 2nd quarter valued at approximately $606,000. FMR LLC acquired a new position in Sandstorm Gold during the third quarter worth $600,000. Finally, Intact Investment Management Inc. boosted its stake in shares of Sandstorm Gold by 195.0% during the 3rd quarter. Intact Investment Management Inc. now owns 130,100 shares of the company’s stock worth $781,000 after buying an additional 86,000 shares during the last quarter. 51.97% of the stock is currently owned by institutional investors and hedge funds.

Sandstorm Gold Price Performance

SAND stock opened at $5.71 on Thursday. The company’s 50-day moving average price is $5.64 and its two-hundred day moving average price is $5.74. The firm has a market cap of $1.69 billion, a P/E ratio of 47.55 and a beta of 1.10. The company has a quick ratio of 2.29, a current ratio of 2.29 and a debt-to-equity ratio of 0.26. Sandstorm Gold Ltd. has a 12 month low of $3.96 and a 12 month high of $6.50.

Sandstorm Gold (NYSE:SAND) last announced its quarterly earnings data on Thursday, November 7th. The company reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.01). Sandstorm Gold had a net margin of 20.46% and a return on equity of 2.44%. The firm had revenue of $44.70 million during the quarter, compared to the consensus estimate of $44.70 million. On average, analysts anticipate that Sandstorm Gold Ltd. will post 0.09 earnings per share for the current fiscal year.

Sandstorm Gold Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Tuesday, January 21st will be given a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a dividend yield of 1.40%. The ex-dividend date is Tuesday, January 21st. This is a positive change from Sandstorm Gold’s previous quarterly dividend of $0.02. Sandstorm Gold’s payout ratio is 50.00%.

Wall Street Analysts Forecast Growth

SAND has been the subject of a number of analyst reports. StockNews.com downgraded shares of Sandstorm Gold from a “buy” rating to a “hold” rating in a research report on Thursday, November 14th. HC Wainwright increased their price objective on Sandstorm Gold from $11.50 to $12.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, Sandstorm Gold has a consensus rating of “Hold” and an average price target of $8.50.

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.