Bard Associates Inc. Has $2.79 Million Stake in Sandstorm Gold Ltd. (NYSE:SAND)

Bard Associates Inc. reduced its stake in shares of Sandstorm Gold Ltd. (NYSE:SAND) by 11.4% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 464,668 shares of the company’s stock after selling 59,614 shares during the quarter. Bard Associates Inc.’s holdings in Sandstorm Gold were worth $2,788,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in SAND. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its holdings in Sandstorm Gold by 2.2% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 3,634,027 shares of the company’s stock valued at $19,766,000 after acquiring an additional 78,032 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Sandstorm Gold by 42.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,149,232 shares of the company’s stock worth $17,162,000 after purchasing an additional 935,005 shares during the last quarter. Helikon Investments Ltd grew its position 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 purchasing an additional 796,800 shares during the period. Bank of Montreal Can boosted its holdings in Sandstorm Gold by 2.7% during the second quarter. Bank of Montreal Can now owns 1,560,657 shares of the company’s stock worth $8,511,000 after purchasing an additional 41,623 shares during the last quarter. Finally, Sagil Capital LLP bought a new position in shares of Sandstorm Gold in the 2nd quarter valued at about $8,041,000. Institutional investors own 51.97% of the company’s stock.

Sandstorm Gold Price Performance

Shares of Sandstorm Gold stock opened at $5.49 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. Sandstorm Gold Ltd. has a 52 week low of $3.96 and a 52 week high of $6.50. The company has a market cap of $1.63 billion, a PE ratio of 45.80 and a beta of 1.13. The business has a 50 day moving average of $5.98 and a 200 day moving average of $5.72.

Sandstorm Gold (NYSE:SAND) last issued its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $44.70 million. Sandstorm Gold had a net margin of 20.46% and a return on equity of 2.44%. As a group, equities research analysts forecast that Sandstorm Gold Ltd. will post 0.09 earnings per share for the current 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 issued a dividend of $0.015 per share. The ex-dividend date of this dividend was Tuesday, October 15th. This represents a $0.06 dividend on an annualized basis and a yield of 1.09%. This is a boost from Sandstorm Gold’s previous quarterly dividend of $0.01. Sandstorm Gold’s payout ratio is presently 50.00%.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. HC Wainwright upped their target price on Sandstorm Gold from $11.50 to $12.00 and gave the company a “buy” rating in a research report on Monday. Royal Bank of Canada decreased their target price on Sandstorm Gold from $6.50 to $6.00 and set an “outperform” rating for the company in a research note on Tuesday, September 10th. Finally, StockNews.com downgraded shares of Sandstorm Gold from a “buy” rating to a “hold” rating in a research report on Thursday. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, Sandstorm Gold presently has an average rating of “Moderate Buy” and an average target price of $8.35.

About Sandstorm Gold

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.