Sandstorm Gold Ltd. (NYSE:SAND) Shares Sold by Van ECK Associates Corp

Van ECK Associates Corp lessened its stake in Sandstorm Gold Ltd. (NYSE:SAND) by 12.8% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 26,626,474 shares of the company’s stock after selling 3,916,200 shares during the quarter. Van ECK Associates Corp owned 8.95% of Sandstorm Gold worth $144,848,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of SAND. Principal Securities Inc. acquired a new stake in Sandstorm Gold during the fourth quarter valued at $25,000. Perritt Capital Management Inc. acquired a new stake in shares of Sandstorm Gold during the 1st quarter valued at about $31,000. Creekmur Asset Management LLC purchased a new position in shares of Sandstorm Gold in the 4th quarter valued at about $39,000. Van Hulzen Asset Management LLC acquired a new position in Sandstorm Gold in the 4th quarter worth about $50,000. Finally, Oxford Asset Management LLP purchased a new position in Sandstorm Gold during the fourth quarter worth approximately $53,000. Hedge funds and other institutional investors own 51.97% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on SAND. CIBC upped their price objective on shares of Sandstorm Gold from $9.00 to $9.50 and gave the stock a “neutral” rating in a research report on Wednesday, July 10th. Scotiabank upped their price target on shares of Sandstorm Gold from $6.25 to $6.50 and gave the stock a “sector perform” rating in a research report on Thursday, May 23rd. StockNews.com cut Sandstorm Gold from a “buy” rating to a “hold” rating in a report on Monday, August 26th. Finally, HC Wainwright increased their target price on Sandstorm Gold from $11.00 to $11.50 and gave the company a “buy” rating in a report on Monday, August 5th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $8.85.

Sandstorm Gold Stock Up 1.2 %

Shares of SAND traded up $0.07 during midday trading on Friday, hitting $5.86. The company had a trading volume of 4,431,530 shares, compared to its average volume of 2,109,094. Sandstorm Gold Ltd. has a 1 year low of $3.96 and a 1 year high of $6.07. The company’s 50-day simple moving average is $5.55 and its 200-day simple moving average is $5.32. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.99 and a current ratio of 1.99. The firm has a market capitalization of $1.75 billion, a P/E ratio of 73.25 and a beta of 1.13.

Sandstorm Gold (NYSE:SAND) last issued its earnings results on Thursday, August 1st. The company reported $0.03 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.01. The business had revenue of $41.37 million for the quarter, compared to analyst estimates of $40.50 million. Sandstorm Gold had a return on equity of 2.06% and a net margin of 17.55%. During the same quarter last year, the company earned $0.01 EPS. As a group, sell-side analysts expect that Sandstorm Gold Ltd. will post 0.09 EPS for the current year.

Sandstorm Gold Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 26th. Investors of record on Tuesday, July 16th were given a $0.0146 dividend. The ex-dividend date of this dividend was Tuesday, July 16th. This represents a $0.06 dividend on an annualized basis and a dividend yield of 1.00%. Sandstorm Gold’s dividend payout ratio (DPR) is presently 62.50%.

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.