Swiss National Bank Boosts Stake in Sandstorm Gold Ltd. (NYSE:SAND)

Swiss National Bank raised its stake in shares of Sandstorm Gold Ltd. (NYSE:SAND) by 0.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 501,762 shares of the company’s stock after buying an additional 3,000 shares during the quarter. Swiss National Bank’s holdings in Sandstorm Gold were worth $2,805,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the stock. Lifeworks Advisors LLC acquired a new stake in shares of Sandstorm Gold during the fourth quarter valued at $57,000. Meixler Investment Management Ltd. purchased a new position in Sandstorm Gold in the 4th quarter valued at about $66,000. JTC Employer Solutions Trustee Ltd acquired a new stake in shares of Sandstorm Gold during the 4th quarter worth about $72,000. Bank of New York Mellon Corp grew its holdings in shares of Sandstorm Gold by 21.0% during the fourth quarter. Bank of New York Mellon Corp now owns 13,897 shares of the company’s stock worth $78,000 after buying an additional 2,416 shares in the last quarter. Finally, Walleye Trading LLC acquired a new position in shares of Sandstorm Gold in the third quarter valued at approximately $85,000. Hedge funds and other institutional investors own 51.97% of the company’s stock.

Sandstorm Gold Stock Down 0.2 %

Shares of NYSE SAND opened at $7.36 on Thursday. The stock has a market capitalization of $2.18 billion, a PE ratio of 147.13 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. The firm has a fifty day moving average of $6.26 and a 200-day moving average of $5.98. Sandstorm Gold Ltd. has a 52-week low of $4.92 and a 52-week high of $7.49.

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 firm had revenue of $47.40 million for the quarter, compared to analysts’ expectations 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 last year, the firm posted ($0.04) EPS. On average, analysts anticipate that Sandstorm Gold Ltd. will post 0.18 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have commented on SAND. Scotiabank lifted their target price 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. HC Wainwright dropped their target price on Sandstorm Gold from $12.00 to $11.50 and set a “buy” rating for the company in a research note on Wednesday, February 19th. Finally, StockNews.com raised Sandstorm Gold from a “hold” rating to a “buy” rating in a research note on Wednesday, February 26th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $8.56.

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.