Point72 Asset Management L.P. Invests $153,000 in Sandstorm Gold Ltd. (NYSE:SAND)

Point72 Asset Management L.P. purchased a new stake in shares of Sandstorm Gold Ltd. (NYSE:SAND) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 25,500 shares of the company’s stock, valued at approximately $153,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Integrated Wealth Concepts LLC raised its stake in shares of Sandstorm Gold by 14.9% in the third quarter. Integrated Wealth Concepts LLC now owns 521,873 shares of the company’s stock worth $3,131,000 after acquiring an additional 67,759 shares during the last quarter. Walleye Trading LLC bought a new stake in shares of Sandstorm Gold during the third quarter valued at approximately $85,000. Walleye Capital LLC increased its holdings in shares of Sandstorm Gold by 285.7% in the third quarter. Walleye Capital LLC now owns 92,919 shares of the company’s stock valued at $558,000 after purchasing an additional 68,826 shares in the last quarter. FMR LLC bought a new position in Sandstorm Gold in the 3rd quarter worth approximately $600,000. Finally, Quantbot Technologies LP lifted its holdings in Sandstorm Gold by 14.4% during the 3rd quarter. Quantbot Technologies LP now owns 132,996 shares of the company’s stock worth $798,000 after buying an additional 16,779 shares in the last quarter. 51.97% of the stock is owned by institutional investors and hedge funds.

Sandstorm Gold Stock Performance

Shares of Sandstorm Gold stock opened at $5.62 on Friday. The firm has a fifty day moving average of $5.86 and a two-hundred day moving average of $5.72. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.29 and a current ratio of 2.29. The stock has a market capitalization of $1.67 billion, a price-to-earnings ratio of 46.83 and a beta of 1.11. Sandstorm Gold Ltd. has a 52 week low of $3.96 and a 52 week high of $6.50.

Sandstorm Gold (NYSE:SAND) last released its quarterly earnings data on Thursday, November 7th. The company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.01). The company had revenue of $44.70 million during the quarter, compared to the consensus estimate of $44.70 million. Sandstorm Gold had a net margin of 20.46% and a return on equity of 2.44%. As a group, equities research analysts predict that Sandstorm Gold Ltd. will post 0.09 EPS for the current year.

Sandstorm Gold Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 25th. Investors of record on Tuesday, October 15th were paid a dividend of $0.015 per share. This represents a $0.06 annualized dividend and a yield of 1.07%. The ex-dividend date of this dividend was Tuesday, October 15th. This is an increase from Sandstorm Gold’s previous quarterly dividend of $0.01. Sandstorm Gold’s dividend payout ratio (DPR) is presently 41.67%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on SAND shares. StockNews.com cut Sandstorm Gold from a “buy” rating to a “hold” rating in a research note on Thursday, November 14th. Royal Bank of Canada lowered their price objective on Sandstorm Gold from $6.50 to $6.00 and set an “outperform” rating for the company in a research report on Tuesday, September 10th. Finally, HC Wainwright boosted their price objective on Sandstorm Gold from $11.50 to $12.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $8.50.

Sandstorm Gold 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.