23,871 Shares in Sandstorm Gold Ltd. (NYSE:SAND) Bought by Olympiad Research LP

Olympiad Research LP acquired a new stake in Sandstorm Gold Ltd. (NYSE:SAND) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 23,871 shares of the company’s stock, valued at approximately $133,000.

Several other large investors have also recently made changes to their positions in the business. Meixler Investment Management Ltd. purchased a new position in shares of Sandstorm Gold in the 4th quarter worth about $66,000. Louisbourg Investments Inc. boosted its stake in Sandstorm Gold by 17.4% in the fourth quarter. Louisbourg Investments Inc. now owns 728,182 shares of the company’s stock valued at $4,071,000 after acquiring an additional 108,000 shares during the last quarter. Money Concepts Capital Corp grew its position in shares of Sandstorm Gold by 3.1% during the 4th quarter. Money Concepts Capital Corp now owns 177,499 shares of the company’s stock valued at $990,000 after acquiring an additional 5,393 shares during the period. Fiduciary Family Office LLC purchased a new stake in shares of Sandstorm Gold during the 4th quarter worth approximately $93,000. Finally, Ullmann Wealth Partners Group LLC bought a new stake in shares of Sandstorm Gold in the 4th quarter worth approximately $223,000. 51.97% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. HC Wainwright reduced their price objective on Sandstorm Gold from $12.00 to $11.50 and set a “buy” rating for the company in a report on Wednesday, February 19th. StockNews.com downgraded Sandstorm Gold from a “buy” rating to a “hold” rating in a research note on Thursday, February 13th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $8.38.

Sandstorm Gold Stock Down 3.3 %

Sandstorm Gold stock opened at $5.99 on Monday. The firm has a 50 day simple moving average of $5.83 and a 200 day simple moving average of $5.82. The company has a current ratio of 1.95, a quick ratio of 2.29 and a debt-to-equity ratio of 0.24. Sandstorm Gold Ltd. has a 1-year low of $3.99 and a 1-year high of $6.67. The firm has a market capitalization of $1.77 billion, a price-to-earnings ratio of 119.72 and a beta of 1.10.

Sandstorm Gold (NYSE:SAND) last announced its quarterly earnings results on Tuesday, February 18th. The company reported $0.01 earnings per share 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 analysts’ expectations of $67.49 million. During the same quarter last year, the firm posted ($0.04) earnings per share. On average, analysts predict that Sandstorm Gold Ltd. will post 0.18 earnings per share for the current year.

Sandstorm Gold Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Tuesday, January 21st were issued a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a yield of 1.34%. The ex-dividend date was Tuesday, January 21st. This is a positive change from Sandstorm Gold’s previous quarterly dividend of $0.02. Sandstorm Gold’s payout ratio is presently 120.02%.

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.