Van ECK Associates Corp Has $132.13 Million Stock Position in Sandstorm Gold Ltd. (NYSE:SAND)

Van ECK Associates Corp reduced its holdings in shares of Sandstorm Gold Ltd. (NYSE:SAND) by 11.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,679,121 shares of the company’s stock after selling 3,006,497 shares during the quarter. Van ECK Associates Corp owned 7.99% of Sandstorm Gold worth $132,130,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. Louisbourg Investments Inc. boosted its holdings in Sandstorm Gold by 17.4% during the fourth quarter. Louisbourg Investments Inc. now owns 728,182 shares of the company’s stock worth $4,071,000 after purchasing an additional 108,000 shares during the last quarter. Integrated Wealth Concepts LLC boosted its holdings in Sandstorm Gold by 14.9% during the third quarter. Integrated Wealth Concepts LLC now owns 521,873 shares of the company’s stock worth $3,131,000 after purchasing an additional 67,759 shares during the last quarter. Barclays PLC boosted its holdings in Sandstorm Gold by 6.4% during the third quarter. Barclays PLC now owns 399,854 shares of the company’s stock worth $2,400,000 after purchasing an additional 23,947 shares during the last quarter. Private Advisor Group LLC boosted its holdings in Sandstorm Gold by 2.2% during the third 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. Finally, Money Concepts Capital Corp boosted its holdings in Sandstorm Gold by 3.1% during the fourth quarter. Money Concepts Capital Corp now owns 177,499 shares of the company’s stock worth $990,000 after purchasing an additional 5,393 shares during the last quarter. 51.97% of the stock is currently owned by institutional investors and hedge funds.

Sandstorm Gold Stock Up 1.0 %

SAND opened at $6.66 on Friday. The company has a quick ratio of 2.29, a current ratio of 2.29 and a debt-to-equity ratio of 0.26. The stock has a market cap of $1.97 billion, a price-to-earnings ratio of 55.46 and a beta of 1.10. Sandstorm Gold Ltd. has a twelve month low of $3.96 and a twelve month high of $6.67. The company’s 50-day moving average price is $5.76 and its two-hundred day moving average price is $5.78.

Sandstorm Gold Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Tuesday, January 21st were given a $0.02 dividend. The ex-dividend date was Tuesday, January 21st. This represents a $0.08 annualized dividend and a dividend yield of 1.20%. This is a positive change from Sandstorm Gold’s previous quarterly dividend of $0.02. Sandstorm Gold’s payout ratio is 50.00%.

Analysts Set New Price Targets

Several research analysts recently weighed in on SAND shares. HC Wainwright boosted their price target on shares of Sandstorm Gold from $11.50 to $12.00 and gave the stock a “buy” rating in a report on Monday, November 11th. StockNews.com cut shares of Sandstorm Gold from a “buy” rating to a “hold” rating in a research note on Thursday. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $8.50.

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.