Meixler Investment Management Ltd. Acquires New Stake in Sandstorm Gold Ltd. (NYSE:SAND)

Meixler Investment Management Ltd. acquired a new stake in Sandstorm Gold Ltd. (NYSE:SAND) in the 4th quarter, HoldingsChannel reports. The institutional investor acquired 11,905 shares of the company’s stock, valued at approximately $66,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Allworth Financial LP acquired a new stake in shares of Sandstorm Gold in the 3rd quarter worth $60,000. JTC Employer Solutions Trustee Ltd acquired a new stake in shares of Sandstorm Gold in the 4th quarter worth $72,000. Walleye Trading LLC acquired a new stake in shares of Sandstorm Gold in the 3rd quarter worth $85,000. Fiduciary Family Office LLC acquired a new stake in shares of Sandstorm Gold in the 4th quarter worth $93,000. Finally, Fiduciary Alliance LLC increased its stake in shares of Sandstorm Gold by 119.4% in the 4th quarter. Fiduciary Alliance LLC now owns 22,735 shares of the company’s stock worth $127,000 after acquiring an additional 12,375 shares during the last quarter. 51.97% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on SAND shares. HC Wainwright raised 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. StockNews.com cut Sandstorm Gold from a “buy” rating to a “hold” rating in a report on Thursday. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $8.50.

Sandstorm Gold Stock Performance

Shares of SAND opened at $6.38 on Friday. The stock has a 50-day simple moving average of $5.78 and a 200-day simple moving average of $5.79. The stock has a market capitalization of $1.89 billion, a PE ratio of 53.13 and a beta of 1.10. Sandstorm Gold Ltd. has a 1 year low of $3.98 and a 1 year high of $6.67. 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 Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Tuesday, January 21st were paid a dividend of $0.02 per share. This is a boost from Sandstorm Gold’s previous quarterly dividend of $0.02. The ex-dividend date was Tuesday, January 21st. This represents a $0.08 annualized dividend and a yield of 1.25%. Sandstorm Gold’s payout ratio is presently 50.00%.

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.