Quantbot Technologies LP Sells 17,458 Shares of Sandstorm Gold Ltd. (NYSE:SAND)

Quantbot Technologies LP cut its holdings in shares of Sandstorm Gold Ltd. (NYSE:SAND) by 13.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 115,538 shares of the company’s stock after selling 17,458 shares during the period. Quantbot Technologies LP’s holdings in Sandstorm Gold were worth $645,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Boston Partners grew its stake in shares of Sandstorm Gold by 39,289.9% in the fourth quarter. Boston Partners now owns 9,812,015 shares of the company’s stock worth $54,751,000 after purchasing an additional 9,787,105 shares during the last quarter. Intact Investment Management Inc. grew its position in shares of Sandstorm Gold by 107.7% in the 4th quarter. Intact Investment Management Inc. now owns 270,200 shares of the company’s stock valued at $1,511,000 after buying an additional 140,100 shares during the last quarter. Commonwealth Equity Services LLC increased its stake in shares of Sandstorm Gold by 28.5% in the fourth quarter. Commonwealth Equity Services LLC now owns 21,736 shares of the company’s stock valued at $121,000 after buying an additional 4,817 shares during the period. Swiss National Bank increased its stake in shares of Sandstorm Gold by 0.6% in the fourth quarter. Swiss National Bank now owns 501,762 shares of the company’s stock valued at $2,805,000 after buying an additional 3,000 shares during the period. Finally, Moors & Cabot Inc. lifted its stake in shares of Sandstorm Gold by 3.7% in the fourth quarter. Moors & Cabot Inc. now owns 222,908 shares of the company’s stock worth $1,244,000 after acquiring an additional 7,956 shares during the period. 51.97% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have weighed in on SAND shares. HC Wainwright decreased their target price on shares of Sandstorm Gold from $12.00 to $11.50 and set a “buy” rating for the company in a research report on Wednesday, February 19th. StockNews.com raised shares of Sandstorm Gold from a “hold” rating to a “buy” rating in a research note on Wednesday, February 26th. Finally, Scotiabank boosted their target price on shares of Sandstorm Gold from $6.75 to $7.25 and gave the company a “sector perform” rating in a report on Thursday, February 27th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, Sandstorm Gold has an average rating of “Moderate Buy” and an average target price of $8.56.

Sandstorm Gold Stock Performance

Shares of SAND stock opened at $7.66 on Friday. The firm has a 50 day moving average of $6.30 and a 200-day moving average of $5.99. The company has a market cap of $2.27 billion, a price-to-earnings ratio of 153.27 and a beta of 1.06. The company has a quick ratio of 2.29, a current ratio of 1.95 and a debt-to-equity ratio of 0.24. Sandstorm Gold Ltd. has a 52 week low of $4.92 and a 52 week high of $7.70.

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

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.