Sandstorm Gold Ltd. (NYSE:SAND) Short Interest Update

Sandstorm Gold Ltd. (NYSE:SAND) was the recipient of a large growth in short interest in November. As of November 30th, there was short interest totalling 3,750,000 shares, a growth of 16.1% from the November 15th total of 3,230,000 shares. Currently, 1.4% of the company’s shares are short sold. Based on an average daily volume of 3,290,000 shares, the days-to-cover ratio is currently 1.1 days.

Institutional Trading of Sandstorm Gold

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its stake in shares of Sandstorm Gold by 2.2% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 3,634,027 shares of the company’s stock valued at $19,766,000 after purchasing an additional 78,032 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Sandstorm Gold by 42.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,149,232 shares of the company’s stock valued at $17,162,000 after buying an additional 935,005 shares during the period. Helikon Investments Ltd raised its stake in shares of Sandstorm Gold by 61.8% in the 2nd quarter. Helikon Investments Ltd now owns 2,086,579 shares of the company’s stock valued at $11,351,000 after buying an additional 796,800 shares in the last quarter. Bank of Montreal Can lifted its holdings in shares of Sandstorm Gold by 2.7% during the 2nd quarter. Bank of Montreal Can now owns 1,560,657 shares of the company’s stock worth $8,511,000 after acquiring an additional 41,623 shares during the period. Finally, Sagil Capital LLP acquired a new stake in shares of Sandstorm Gold during the 2nd quarter valued at about $8,041,000. 51.97% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently weighed in on SAND. Royal Bank of Canada dropped their target price on shares of Sandstorm Gold from $6.50 to $6.00 and set an “outperform” rating on the stock in a research report on Tuesday, September 10th. StockNews.com cut Sandstorm Gold from a “buy” rating to a “hold” rating in a research report on Thursday, November 14th. Finally, HC Wainwright upped their price target on Sandstorm Gold from $11.50 to $12.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $8.50.

Sandstorm Gold Price Performance

SAND remained flat at $5.60 during midday trading on Tuesday. 1,043,957 shares of the company traded hands, compared to its average volume of 2,451,649. The stock has a market capitalization of $1.66 billion, a P/E ratio of 46.71 and a beta of 1.11. Sandstorm Gold has a 52-week low of $3.96 and a 52-week high of $6.50. The company has a current ratio of 2.29, a quick ratio of 2.29 and a debt-to-equity ratio of 0.26. The company’s 50 day moving average price is $5.85 and its two-hundred day moving average price is $5.72.

Sandstorm Gold (NYSE:SAND) last released its earnings results on Thursday, November 7th. The company reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.01). The business had revenue of $44.70 million during the quarter, compared to analyst estimates of $44.70 million. Sandstorm Gold had a net margin of 20.46% and a return on equity of 2.44%. On average, research analysts expect that Sandstorm Gold will post 0.09 EPS for the current year.

Sandstorm Gold Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 25th. Shareholders of record on Tuesday, October 15th were issued a $0.015 dividend. The ex-dividend date of this dividend was Tuesday, October 15th. This is an increase from Sandstorm Gold’s previous quarterly dividend of $0.01. This represents a $0.06 dividend on an annualized basis and a yield of 1.07%. Sandstorm Gold’s dividend payout ratio is 50.00%.

Sandstorm Gold Company 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.