Sandstorm Gold Ltd $SAND Shares Sold by Optimum Investment Advisors

Optimum Investment Advisors cut its stake in shares of Sandstorm Gold Ltd (NYSE:SAND) by 8.5% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 21,400 shares of the company’s stock after selling 2,000 shares during the period. Optimum Investment Advisors’ holdings in Sandstorm Gold were worth $201,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Boston Partners lifted its position in Sandstorm Gold by 15.9% during the 1st quarter. Boston Partners now owns 11,374,157 shares of the company’s stock worth $85,875,000 after acquiring an additional 1,562,142 shares in the last quarter. Invesco Ltd. raised its position in shares of Sandstorm Gold by 3.6% in the 1st quarter. Invesco Ltd. now owns 6,760,201 shares of the company’s stock valued at $51,040,000 after purchasing an additional 237,955 shares in the last quarter. Sprott Inc. raised its position in shares of Sandstorm Gold by 18.3% in the 1st quarter. Sprott Inc. now owns 5,281,973 shares of the company’s stock valued at $39,880,000 after purchasing an additional 816,130 shares in the last quarter. Wellington Management Group LLP acquired a new position in shares of Sandstorm Gold in the 1st quarter valued at approximately $15,617,000. Finally, Millennium Management LLC raised its position in shares of Sandstorm Gold by 731.7% in the 1st quarter. Millennium Management LLC now owns 2,032,823 shares of the company’s stock valued at $15,348,000 after purchasing an additional 1,788,404 shares in the last quarter. 51.97% of the stock is owned by institutional investors and hedge funds.

Sandstorm Gold Stock Performance

SAND stock opened at $12.16 on Friday. The company has a current ratio of 2.40, a quick ratio of 2.40 and a debt-to-equity ratio of 0.22. The firm has a market cap of $3.59 billion, a P/E ratio of 101.29 and a beta of 0.51. Sandstorm Gold Ltd has a 12-month low of $5.33 and a 12-month high of $13.09. The stock’s 50 day simple moving average is $11.80 and its 200 day simple moving average is $10.04.

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

Sandstorm Gold Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 7th. Investors 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 0.7%. The ex-dividend date of this dividend was Friday, September 26th. Sandstorm Gold’s dividend payout ratio is currently 41.67%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. TD Securities lowered Sandstorm Gold from a “buy” rating to a “sell” rating and set a $14.00 target price on the stock. in a research report on Thursday, July 10th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Sandstorm Gold in a research report on Tuesday, October 14th. Finally, Stifel Canada lowered 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, three have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $10.15.

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.