Sandstorm Gold Ltd. (NYSE:SAND) Shares Bought by Pullen Investment Management LLC

Pullen Investment Management LLC boosted its holdings in shares of Sandstorm Gold Ltd. (NYSE:SAND) by 14.0% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 125,360 shares of the company’s stock after purchasing an additional 15,384 shares during the period. Pullen Investment Management LLC’s holdings in Sandstorm Gold were worth $752,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Perritt Capital Management Inc. acquired a new position in shares of Sandstorm Gold in the first quarter worth about $31,000. Allworth Financial LP acquired a new position in shares of Sandstorm Gold in the third quarter worth about $60,000. Mather Group LLC. acquired a new position in shares of Sandstorm Gold in the second quarter worth about $67,000. Oak Family Advisors LLC acquired a new position in shares of Sandstorm Gold in the second quarter worth about $88,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Sandstorm Gold in the second quarter worth about $94,000. 51.97% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on SAND shares. StockNews.com upgraded shares of Sandstorm Gold from a “hold” rating to a “buy” rating in a research report on Friday, September 27th. HC Wainwright boosted their target price on shares of Sandstorm Gold from $11.00 to $11.50 and gave the stock a “buy” rating in a research note on Monday, August 5th. CIBC boosted their target price on shares of Sandstorm Gold from $9.00 to $9.50 and gave the stock a “neutral” rating in a research note on Wednesday, July 10th. Finally, Royal Bank of Canada cut their target price on shares of Sandstorm Gold from $6.50 to $6.00 and set an “outperform” rating for the company in a research note on Tuesday, September 10th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $8.25.

Sandstorm Gold Stock Down 2.2 %

SAND stock opened at $6.16 on Friday. Sandstorm Gold Ltd. has a 52 week low of $3.96 and a 52 week high of $6.50. The stock has a market capitalization of $1.83 billion, a P/E ratio of 77.00 and a beta of 1.14. The company has a quick ratio of 1.99, a current ratio of 1.99 and a debt-to-equity ratio of 0.27. The firm has a 50-day simple moving average of $5.90 and a 200-day simple moving average of $5.67.

Sandstorm Gold (NYSE:SAND) last announced its quarterly earnings data on Thursday, August 1st. The company reported $0.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.01. Sandstorm Gold had a net margin of 17.55% and a return on equity of 2.06%. The company had revenue of $41.37 million during the quarter, compared to analysts’ expectations of $40.50 million. During the same quarter in the prior year, the company earned $0.01 EPS. Equities analysts forecast that Sandstorm Gold Ltd. will post 0.09 earnings per share for the current fiscal year.

Sandstorm Gold Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 25th. Investors of record on Tuesday, October 15th were paid a dividend of $0.015 per share. This represents a $0.06 annualized dividend and a yield of 0.97%. The ex-dividend date was Tuesday, October 15th. This is a boost from Sandstorm Gold’s previous quarterly dividend of $0.01. Sandstorm Gold’s dividend payout ratio is currently 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.