Bar Harbor Wealth Management Reduces Position in Sandstorm Gold Ltd $SAND

Bar Harbor Wealth Management decreased its holdings in shares of Sandstorm Gold Ltd (NYSE:SAND) by 0.8% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,116,255 shares of the company’s stock after selling 8,588 shares during the quarter. Bar Harbor Wealth Management owned about 0.38% of Sandstorm Gold worth $10,493,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of SAND. SG Americas Securities LLC grew its holdings in shares of Sandstorm Gold by 2.1% in the first 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 period. United Advisor Group LLC purchased a new stake in shares of Sandstorm Gold in the first quarter valued at about $118,000. PFG Investments LLC grew its holdings in shares of Sandstorm Gold by 8.8% in the first 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 period. Intact Investment Management Inc. grew its holdings in shares of Sandstorm Gold by 10.3% in the first 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 period. Finally, Cambridge Investment Research Advisors Inc. grew its holdings in shares of Sandstorm Gold by 14.7% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 61,184 shares of the company’s stock valued at $462,000 after purchasing an additional 7,838 shares during the period. Hedge funds and other institutional investors own 51.97% of the company’s stock.

Analyst Upgrades and Downgrades

SAND has been the subject of a number of analyst reports. Stifel Canada lowered shares of Sandstorm Gold from a “strong-buy” rating to a “hold” rating in a report on Monday, July 21st. TD Securities lowered shares of Sandstorm Gold from a “buy” rating to a “sell” rating and set a $14.00 price objective for the company. in a report on Thursday, July 10th. National Bankshares reissued an “outperform” rating on shares of Sandstorm Gold in a report on Tuesday, June 24th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Sandstorm Gold in a report on Saturday, September 27th. Four investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Sandstorm Gold currently has an average rating of “Hold” and an average price target of $10.15.

Sandstorm Gold Trading Up 3.6%

Shares of SAND stock opened at $12.81 on Thursday. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.40 and a quick ratio of 2.40. The firm has a market cap of $3.78 billion, a PE ratio of 106.75 and a beta of 0.51. The company has a 50-day moving average of $11.28 and a two-hundred day moving average of $9.60. Sandstorm Gold Ltd has a 1-year low of $5.33 and a 1-year high of $12.85.

Sandstorm Gold (NYSE:SAND) last announced its earnings results on Thursday, August 7th. The company reported $0.05 earnings per share for the quarter, hitting the consensus estimate of $0.05. The company had revenue of $51.42 million during 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%. On average, analysts predict that Sandstorm Gold Ltd will post 0.18 EPS for the current year.

Sandstorm Gold Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 7th. Stockholders of record on Friday, September 26th were given a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend was Friday, September 26th. Sandstorm Gold’s dividend payout ratio is currently 50.00%.

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.