Bard Associates Inc. Reduces Stock Position in Sandstorm Gold Ltd. (NYSE:SAND)

Bard Associates Inc. trimmed its stake in Sandstorm Gold Ltd. (NYSE:SAND) by 88.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 52,906 shares of the company’s stock after selling 411,762 shares during the period. Bard Associates Inc.’s holdings in Sandstorm Gold were worth $295,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Meixler Investment Management Ltd. purchased a new stake in shares of Sandstorm Gold in the 4th quarter worth about $66,000. JTC Employer Solutions Trustee Ltd purchased a new stake in shares of Sandstorm Gold in the 4th quarter worth about $72,000. Bank of New York Mellon Corp lifted its position in shares of Sandstorm Gold by 21.0% in the 4th quarter. Bank of New York Mellon Corp now owns 13,897 shares of the company’s stock worth $78,000 after purchasing an additional 2,416 shares during the period. Walleye Trading LLC purchased a new stake in shares of Sandstorm Gold in the 3rd quarter worth about $85,000. Finally, Oppenheimer Asset Management Inc. purchased a new stake in shares of Sandstorm Gold in the 4th quarter worth about $93,000. 51.97% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently commented on SAND. Scotiabank raised their target price on shares of Sandstorm Gold from $6.75 to $7.25 and gave the stock a “sector perform” rating in a research report on Thursday, February 27th. HC Wainwright lowered their price target on shares of Sandstorm Gold from $12.00 to $11.50 and set a “buy” rating for the company in a research report on Wednesday, February 19th. Finally, StockNews.com raised shares of Sandstorm Gold from a “hold” rating to a “buy” rating in a research report on Wednesday, February 26th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $8.56.

Sandstorm Gold Stock Up 0.7 %

NYSE:SAND opened at $6.17 on Tuesday. The firm has a market cap of $1.83 billion, a P/E ratio of 123.42 and a beta of 1.10. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.29 and a current ratio of 1.95. Sandstorm Gold Ltd. has a fifty-two week low of $4.50 and a fifty-two week high of $6.67. The firm has a 50-day simple moving average of $5.92 and a two-hundred day simple moving average of $5.86.

Sandstorm Gold (NYSE:SAND) last released its quarterly earnings data on Tuesday, February 18th. The company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.03). The firm had revenue of $47.40 million for the quarter, compared to the consensus estimate of $67.49 million. Sandstorm Gold had a net margin of 8.11% and a return on equity of 0.98%. During the same quarter in the prior year, the business posted ($0.04) earnings per share. Analysts predict that Sandstorm Gold Ltd. will post 0.18 earnings per share for the current fiscal year.

Sandstorm Gold Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Tuesday, January 21st were paid a $0.02 dividend. The ex-dividend date of this dividend was Tuesday, January 21st. This is a positive change 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 1.30%. Sandstorm Gold’s payout ratio is currently 100.00%.

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.