Mad River Investors Has $1.02 Million Stock Holdings in Sandstorm Gold Ltd. (NYSE:SAND)

Mad River Investors decreased its position in Sandstorm Gold Ltd. (NYSE:SAND) by 5.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 183,099 shares of the company’s stock after selling 10,150 shares during the quarter. Sandstorm Gold comprises 0.5% of Mad River Investors’ investment portfolio, making the stock its 20th largest holding. Mad River Investors’ holdings in Sandstorm Gold were worth $1,022,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Ullmann Wealth Partners Group LLC bought a new stake in Sandstorm Gold in the fourth quarter valued at $223,000. FNY Investment Advisers LLC increased its holdings in shares of Sandstorm Gold by 20.0% during the fourth quarter. FNY Investment Advisers LLC now owns 24,000 shares of the company’s stock worth $133,000 after buying an additional 4,000 shares in the last quarter. JTC Employer Solutions Trustee Ltd bought a new stake in Sandstorm Gold during the 4th quarter worth approximately $72,000. Fiduciary Alliance LLC grew its holdings in Sandstorm Gold by 119.4% during the 4th quarter. Fiduciary Alliance LLC now owns 22,735 shares of the company’s stock worth $127,000 after acquiring an additional 12,375 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in Sandstorm Gold by 7.5% in the 3rd quarter. Geode Capital Management LLC now owns 125,681 shares of the company’s stock valued at $757,000 after acquiring an additional 8,728 shares in the last quarter. Institutional investors own 51.97% of the company’s stock.

Sandstorm Gold Stock Up 0.4 %

Shares of NYSE:SAND opened at $5.71 on Tuesday. The firm has a market cap of $1.69 billion, a P/E ratio of 47.55 and a beta of 1.10. Sandstorm Gold Ltd. has a 52-week low of $3.96 and a 52-week high of $6.50. The business’s 50 day simple moving average is $5.62 and its two-hundred day simple moving average is $5.74. 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 (NYSE:SAND) last posted 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). Sandstorm Gold had a return on equity of 2.44% and a net margin of 20.46%. The company had revenue of $44.70 million for the quarter, compared to analysts’ expectations of $44.70 million. As a group, research analysts forecast that Sandstorm Gold Ltd. will post 0.09 EPS for the current fiscal year.

Sandstorm Gold Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Tuesday, January 21st will be paid a dividend of $0.02 per share. The ex-dividend date is Tuesday, January 21st. This represents a $0.08 annualized dividend and a yield of 1.40%. This is a boost from Sandstorm Gold’s previous quarterly dividend of $0.02. Sandstorm Gold’s payout ratio is currently 50.00%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on SAND. HC Wainwright raised their price target on shares of Sandstorm Gold from $11.50 to $12.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. StockNews.com cut shares of Sandstorm Gold from a “buy” rating to a “hold” rating in a report on Thursday, November 14th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price 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.