Van ECK Associates Corp Buys 657,177 Shares of Sandstorm Gold Ltd. (NYSE:SAND)

Van ECK Associates Corp raised its holdings in Sandstorm Gold Ltd. (NYSE:SAND) by 2.3% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 28,838,800 shares of the company’s stock after buying an additional 657,177 shares during the period. Van ECK Associates Corp owned about 9.69% of Sandstorm Gold worth $145,059,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of SAND. American Century Companies Inc. raised its stake in Sandstorm Gold by 1,787.2% in the third quarter. American Century Companies Inc. now owns 1,049,830 shares of the company’s stock valued at $4,893,000 after buying an additional 994,200 shares during the period. Deutsche Bank AG increased its stake in shares of Sandstorm Gold by 1,510.2% during the third quarter. Deutsche Bank AG now owns 205,161 shares of the company’s stock worth $956,000 after purchasing an additional 192,420 shares during the period. Integrated Wealth Concepts LLC increased its stake in shares of Sandstorm Gold by 136.9% during the third quarter. Integrated Wealth Concepts LLC now owns 245,885 shares of the company’s stock worth $1,146,000 after purchasing an additional 142,095 shares during the period. Citigroup Inc. increased its stake in shares of Sandstorm Gold by 284.2% during the third quarter. Citigroup Inc. now owns 130,124 shares of the company’s stock worth $611,000 after purchasing an additional 96,256 shares during the period. Finally, U S Global Investors Inc. increased its stake in shares of Sandstorm Gold by 8.3% during the fourth quarter. U S Global Investors Inc. now owns 933,690 shares of the company’s stock worth $4,696,000 after purchasing an additional 71,654 shares during the period. Institutional investors own 51.97% of the company’s stock.

Analysts Set New Price Targets

Separately, Scotiabank lowered their target price on Sandstorm Gold from $6.50 to $6.25 and set a “sector perform” rating on the stock in a research note on Thursday, April 18th.

Sandstorm Gold Price Performance

NYSE:SAND traded down $0.10 during trading hours on Tuesday, reaching $5.56. 1,201,850 shares of the company were exchanged, compared to its average volume of 2,397,626. The company has a market capitalization of $1.66 billion, a P/E ratio of 40.39 and a beta of 1.10. Sandstorm Gold Ltd. has a 1-year low of $3.96 and a 1-year high of $6.24. The company has a debt-to-equity ratio of 0.30, a current ratio of 3.32 and a quick ratio of 3.32. The business has a 50 day moving average of $4.98 and a 200 day moving average of $4.82.

Sandstorm Gold (NYSE:SAND) last issued its quarterly earnings results on Thursday, February 15th. The company reported $0.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.06. The business had revenue of $44.50 million for the quarter, compared to the consensus estimate of $46.30 million. Sandstorm Gold had a return on equity of 2.89% and a net margin of 23.22%. Research analysts forecast that Sandstorm Gold Ltd. will post 0.09 EPS for the current year.

Sandstorm Gold Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 26th. Shareholders of record on Tuesday, April 16th were issued a $0.0147 dividend. This represents a $0.06 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date was Monday, April 15th. Sandstorm Gold’s dividend payout ratio is presently 21.43%.

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.