Fiduciary Trust Co Acquires Shares of 15,410 Sandstorm Gold Ltd. (NYSE:SAND)

Fiduciary Trust Co acquired a new stake in shares of Sandstorm Gold Ltd. (NYSE:SAND) during the fourth quarter, Holdings Channel.com reports. The fund acquired 15,410 shares of the company’s stock, valued at approximately $86,000.

A number of other institutional investors have also made changes to their positions in the company. Cantor Fitzgerald L. P. acquired a new stake in Sandstorm Gold during the 4th quarter valued at $56,000. Lifeworks Advisors LLC purchased a new position in Sandstorm Gold in the 4th quarter valued at about $57,000. Meixler Investment Management Ltd. purchased a new position in Sandstorm Gold in the 4th quarter valued at about $66,000. JTC Employer Solutions Trustee Ltd acquired a new stake in shares of Sandstorm Gold during the fourth quarter valued at about $72,000. Finally, Bank of New York Mellon Corp increased 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 acquiring an additional 2,416 shares during the last quarter. 51.97% of the stock is owned by institutional investors and hedge funds.

Sandstorm Gold Price Performance

Shares of SAND opened at $8.17 on Tuesday. The company has a current ratio of 1.95, a quick ratio of 2.29 and a debt-to-equity ratio of 0.24. The firm has a market cap of $2.40 billion, a price-to-earnings ratio of 163.33 and a beta of 0.48. Sandstorm Gold Ltd. has a 52 week low of $4.92 and a 52 week high of $8.91. The stock has a 50 day moving average of $7.61 and a 200-day moving average of $6.47.

Sandstorm Gold (NYSE:SAND) last released its quarterly earnings data on Tuesday, May 6th. The company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.01). The business had revenue of $50.10 million for the quarter, compared to analyst estimates of $71.61 million. Sandstorm Gold had a return on equity of 0.98% and a net margin of 8.11%. As a group, analysts forecast that Sandstorm Gold Ltd. will post 0.18 EPS for the current year.

Sandstorm Gold Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 25th. Stockholders of record on Monday, April 14th were issued a dividend of $0.014 per share. This represents a $0.06 annualized dividend and a dividend yield of 0.68%. The ex-dividend date was Monday, April 14th. Sandstorm Gold’s dividend payout ratio (DPR) is 50.00%.

Analyst Ratings Changes

Several research firms recently commented on SAND. Royal Bank of Canada boosted their price target on Sandstorm Gold from $6.50 to $7.00 and gave the stock an “outperform” rating in a research note on Friday, April 4th. StockNews.com upgraded Sandstorm Gold from a “hold” rating to a “buy” rating in a report on Wednesday, February 26th. Scotiabank increased their target price on Sandstorm Gold from $7.25 to $8.25 and gave the company a “sector perform” rating in a research note on Monday, April 14th. HC Wainwright raised their price target on shares of Sandstorm Gold from $11.50 to $11.75 and gave the stock a “buy” rating in a research report on Thursday, May 8th. Finally, Raymond James set a $9.75 price objective on shares of Sandstorm Gold and gave the company an “outperform” rating in a research note on Wednesday, May 7th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $9.25.

Sandstorm Gold Company 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.