40,000 Shares in Sandstorm Gold Ltd. (NYSE:SAND) Purchased by Ullmann Wealth Partners Group LLC

Ullmann Wealth Partners Group LLC purchased a new stake in Sandstorm Gold Ltd. (NYSE:SAND) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 40,000 shares of the company’s stock, valued at approximately $223,000.

Other hedge funds have also made changes to their positions in the company. Squarepoint Ops LLC acquired a new position in Sandstorm Gold in the second quarter valued at approximately $606,000. Barclays PLC lifted its stake in shares of Sandstorm Gold by 6.4% in the 3rd quarter. Barclays PLC now owns 399,854 shares of the company’s stock valued at $2,400,000 after purchasing an additional 23,947 shares during the last quarter. FMR LLC purchased a new position in shares of Sandstorm Gold during the 3rd quarter worth $600,000. Dimensional Fund Advisors LP raised 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. Finally, Intact Investment Management Inc. raised its holdings in Sandstorm Gold by 195.0% in the 3rd quarter. Intact Investment Management Inc. now owns 130,100 shares of the company’s stock valued at $781,000 after buying an additional 86,000 shares during the period. Hedge funds and other institutional investors own 51.97% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. StockNews.com lowered shares of Sandstorm Gold from a “buy” rating to a “hold” rating in a research note on Thursday, November 14th. HC Wainwright upped their price target on Sandstorm Gold from $11.50 to $12.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $8.50.

Sandstorm Gold Stock Down 1.3 %

Shares of SAND opened at $5.69 on Friday. The company’s 50-day simple moving average is $5.64 and its 200-day simple moving average is $5.73. 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 Ltd. has a 1 year low of $3.96 and a 1 year high of $6.50. The stock has a market capitalization of $1.69 billion, a PE ratio of 47.38 and a beta of 1.10.

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). Sandstorm Gold had a return on equity of 2.44% and a net margin of 20.46%. The business had revenue of $44.70 million for the quarter, compared to analyst estimates of $44.70 million. Analysts forecast that Sandstorm Gold Ltd. will post 0.09 earnings per share for the current fiscal year.

Sandstorm Gold Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Tuesday, January 21st will be given a dividend of $0.02 per share. The ex-dividend date of this dividend is Tuesday, January 21st. This is an increase from Sandstorm Gold’s previous quarterly dividend of $0.02. This represents a $0.08 dividend on an annualized basis and a dividend yield of 1.41%. Sandstorm Gold’s payout ratio is currently 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.