Geode Capital Management LLC Has $757,000 Position in Sandstorm Gold Ltd. (NYSE:SAND)

Geode Capital Management LLC boosted its holdings in shares of Sandstorm Gold Ltd. (NYSE:SAND) by 7.5% in the third quarter, Holdings Channel.com reports. The fund owned 125,681 shares of the company’s stock after buying an additional 8,728 shares during the quarter. Geode Capital Management LLC’s holdings in Sandstorm Gold were worth $757,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Private Advisor Group LLC boosted its position in shares of Sandstorm Gold by 2.2% in the 3rd quarter. Private Advisor Group LLC now owns 314,963 shares of the company’s stock worth $1,890,000 after purchasing an additional 6,669 shares during the last quarter. Stansberry Asset Management LLC lifted its stake in Sandstorm Gold by 17.1% in the third quarter. Stansberry Asset Management LLC now owns 46,569 shares of the company’s stock valued at $279,000 after buying an additional 6,817 shares during the period. TD Asset Management Inc boosted its holdings in Sandstorm Gold by 1.1% during the second quarter. TD Asset Management Inc now owns 670,160 shares of the company’s stock worth $3,644,000 after buying an additional 7,462 shares during the last quarter. Allworth Financial LP acquired a new position in shares of Sandstorm Gold during the 3rd quarter worth about $60,000. Finally, Aigen Investment Management LP increased its stake in shares of Sandstorm Gold by 32.4% in the 3rd quarter. Aigen Investment Management LP now owns 42,385 shares of the company’s stock valued at $254,000 after acquiring an additional 10,363 shares during the last quarter. Institutional investors own 51.97% of the company’s stock.

Sandstorm Gold Stock Performance

Shares of SAND opened at $5.65 on Friday. The firm’s 50 day moving average price is $5.67 and its two-hundred day moving average price is $5.73. The firm has a market cap of $1.68 billion, a P/E ratio of 47.09 and a beta of 1.10. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.29 and a current ratio of 2.29. Sandstorm Gold Ltd. has a twelve month low of $3.96 and a twelve month high of $6.50.

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

Sandstorm Gold Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Tuesday, January 21st will be paid a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a dividend yield of 1.42%. This is an increase from Sandstorm Gold’s previous quarterly dividend of $0.02. The ex-dividend date of this dividend is Tuesday, January 21st. Sandstorm Gold’s dividend payout ratio is currently 41.67%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. StockNews.com cut shares of Sandstorm Gold from a “buy” rating to a “hold” rating in a report on Thursday, November 14th. HC Wainwright boosted their price target on shares of Sandstorm Gold from $11.50 to $12.00 and gave the company a “buy” rating in a report on Monday, November 11th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, Sandstorm Gold currently has an average rating of “Hold” and an average target price 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.