Plancorp LLC Raises Stock Position in Sandstorm Gold Ltd $SAND

Plancorp LLC grew its holdings in shares of Sandstorm Gold Ltd (NYSE:SAND) by 58.1% during the second quarter, Holdings Channel reports. The firm owned 90,364 shares of the company’s stock after purchasing an additional 33,222 shares during the quarter. Plancorp LLC’s holdings in Sandstorm Gold were worth $849,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Mackenzie Financial Corp lifted its stake in Sandstorm Gold by 3.9% in the fourth quarter. Mackenzie Financial Corp now owns 127,166 shares of the company’s stock worth $711,000 after acquiring an additional 4,792 shares during the last quarter. SG Americas Securities LLC increased its position in shares of Sandstorm Gold by 2.1% in the 1st quarter. SG Americas Securities LLC now owns 111,762 shares of the company’s stock valued at $844,000 after purchasing an additional 2,307 shares during the last quarter. United Advisor Group LLC purchased a new stake in shares of Sandstorm Gold in the 1st quarter valued at approximately $118,000. PFG Investments LLC increased its position in shares of Sandstorm Gold by 8.8% in the 1st quarter. PFG Investments LLC now owns 34,979 shares of the company’s stock valued at $264,000 after purchasing an additional 2,829 shares during the last quarter. Finally, Intact Investment Management Inc. increased its position in shares of Sandstorm Gold by 10.3% in the 1st quarter. Intact Investment Management Inc. now owns 298,000 shares of the company’s stock valued at $2,245,000 after purchasing an additional 27,800 shares during the last quarter. Institutional investors and hedge funds own 51.97% of the company’s stock.

Sandstorm Gold Stock Performance

Shares of Sandstorm Gold stock opened at $12.02 on Friday. The firm has a market capitalization of $3.54 billion, a P/E ratio of 100.13 and a beta of 0.52. Sandstorm Gold Ltd has a 52 week low of $5.33 and a 52 week high of $12.19. The company has a quick ratio of 2.40, a current ratio of 2.40 and a debt-to-equity ratio of 0.22. The firm’s 50 day moving average is $10.76 and its two-hundred day moving average is $9.24.

Sandstorm Gold (NYSE:SAND) last announced its quarterly earnings results on Thursday, August 7th. The company reported $0.05 EPS for the quarter, meeting the consensus estimate of $0.05. The company had revenue of $51.42 million for the quarter, compared to analyst estimates of $68.43 million. Sandstorm Gold had a net margin of 17.78% and a return on equity of 2.38%. Research analysts forecast that Sandstorm Gold Ltd will post 0.18 EPS for the current fiscal year.

Sandstorm Gold Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 7th. Shareholders of record on Friday, September 26th will be paid a $0.02 dividend. This represents a $0.08 annualized dividend and a yield of 0.7%. The ex-dividend date is Friday, September 26th. Sandstorm Gold’s dividend payout ratio is currently 50.00%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. TD Securities downgraded shares of Sandstorm Gold from a “buy” rating to a “sell” rating and set a $14.00 price objective on the stock. in a research report on Thursday, July 10th. National Bankshares reissued an “outperform” rating on shares of Sandstorm Gold in a research report on Tuesday, June 24th. Finally, Stifel Canada downgraded shares of Sandstorm Gold from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 21st. Four equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $10.15.

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.