10,000 Shares in Sandstorm Gold Ltd. (NYSE:SAND) Acquired by Cantor Fitzgerald L. P.

Cantor Fitzgerald L. P. purchased a new position in Sandstorm Gold Ltd. (NYSE:SAND) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 10,000 shares of the company’s stock, valued at approximately $56,000.

Other institutional investors also recently modified their holdings of the company. Bank of New York Mellon Corp raised its position in shares of Sandstorm Gold by 21.0% during the fourth 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. Swiss National Bank lifted its holdings in shares of Sandstorm Gold by 0.6% in the fourth quarter. Swiss National Bank now owns 501,762 shares of the company’s stock valued at $2,805,000 after purchasing an additional 3,000 shares in the last quarter. Ancora Advisors LLC lifted its stake in Sandstorm Gold by 0.9% in the 4th quarter. Ancora Advisors LLC now owns 399,540 shares of the company’s stock worth $2,229,000 after acquiring an additional 3,640 shares in the last quarter. FNY Investment Advisers LLC boosted 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 purchasing an additional 4,000 shares during the period. Finally, Geode Capital Management LLC grew its holdings in shares of Sandstorm Gold by 3.2% during the 4th quarter. Geode Capital Management LLC now owns 129,749 shares of the company’s stock valued at $731,000 after acquiring an additional 4,068 shares in the last quarter. Institutional investors own 51.97% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on SAND shares. Royal Bank of Canada boosted their target price on shares of Sandstorm Gold from $6.50 to $7.00 and gave the stock an “outperform” rating in a research report on Friday, April 4th. StockNews.com upgraded shares of Sandstorm Gold from a “hold” rating to a “buy” rating in a research note on Wednesday, February 26th. Scotiabank upped their target price on shares of Sandstorm Gold from $7.25 to $8.25 and gave the company a “sector perform” rating in a research note on Monday, April 14th. Raymond James restated an “outperform” rating on shares of Sandstorm Gold in a research report on Friday, April 4th. Finally, HC Wainwright cut their price objective 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. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $9.06.

Sandstorm Gold Stock Performance

NYSE:SAND opened at $8.55 on Tuesday. The company has a quick ratio of 2.29, a current ratio of 1.95 and a debt-to-equity ratio of 0.24. The firm has a 50-day moving average price of $7.37 and a 200 day moving average price of $6.39. The firm has a market capitalization of $2.51 billion, a PE ratio of 171.03 and a beta of 0.48. Sandstorm Gold Ltd. has a 12-month low of $4.92 and a 12-month high of $8.82.

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

Sandstorm Gold Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 25th. Investors of record on Monday, April 14th were given a dividend of $0.014 per share. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.65%. The ex-dividend date of this dividend was Monday, April 14th. Sandstorm Gold’s dividend payout ratio (DPR) 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.