7 hours Ago By ABMN Staff
Marshall Wace LLP grew its holdings in Sandstorm Gold Ltd. ( NYSE:SAND – Free Report ) by 466.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC).
The institutional investor owned 219,100 shares of the company’s stock after acquiring an additional 180,428 shares during the quarter. Marshall Wace LLP owned 0.07% of Sandstorm Gold worth $1,223,000 at the end of the most recent reporting period.
Other large investors also recently modified their holdings of the company. Lifeworks Advisors LLC bought a new stake in shares of Sandstorm Gold in the fourth quarter worth about $57,000. Meixler Investment Management Ltd.
bought a new position in shares of Sandstorm Gold during the fourth quarter worth about $66,000. JTC Employer Solutions Trustee Ltd bought a new position in shares of Sandstorm Gold during the fourth quarter worth about $72,000. Bank of New York Mellon Corp grew its holdings in shares of Sandstorm Gold by 21.
0% during the fourth quarter. Bank of New York Mellon Corp now owns 13,897 shares of the company’s stock worth $78,000 after buying an additional 2,416 shares in the last quarter. Finally, Fiduciary Family Office LLC bought a new position in shares of Sandstorm Gold during the fourth quarter worth about $93,000.
51.97% of the stock is currently owned by institutional investors. Analysts Set New Price Targets SAND has been the subject of a number of research reports.
Scotiabank increased their price objective on Sandstorm Gold from $7.25 to $8.25 and gave the stock a “sector perform” rating in a report on Monday, April 14th.
StockNews.com raised Sandstorm Gold from a “hold” rating to a “buy” rating in a research report on Wednesday, February 26th. Royal Bank of Canada increased their price target on Sandstorm Gold from $6.
50 to $7.00 and gave the company an “outperform” rating in a research report on Friday, April 4th. HC Wainwright reduced their price target on Sandstorm Gold from $12.
00 to $11.50 and set a “buy” rating for the company in a research report on Wednesday, February 19th. Finally, Raymond James reissued an “outperform” rating on shares of Sandstorm Gold in a research report on Friday, April 4th.
Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Sandstorm Gold currently has an average rating of “Moderate Buy” and an average price target of $9.
06. Sandstorm Gold Stock Performance SAND opened at $8.39 on Wednesday.
Sandstorm Gold Ltd. has a 12-month low of $4.92 and a 12-month high of $8.
82. The stock has a market cap of $2.46 billion, a price-to-earnings ratio of 167.
83 and a beta of 0.90. The business has a 50 day moving average of $7.
19 and a 200-day moving average of $6.31. The company has a quick ratio of 2.
29, a current ratio of 1.95 and a debt-to-equity ratio of 0.24.
Sandstorm Gold ( NYSE:SAND – Get Free Report ) last released its quarterly earnings data on Tuesday, February 18th. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.
04 by ($0.03). Sandstorm Gold had a net margin of 8.
11% and a return on equity of 0.98%. The business had revenue of $47.
40 million during the quarter, compared to analyst estimates of $67.49 million. During the same period in the previous year, the business earned ($0.
04) earnings per share. On average, equities research analysts expect that Sandstorm Gold Ltd. will post 0.
18 earnings per share for the current year. Sandstorm Gold Cuts Dividend The company also recently announced a quarterly dividend, which was paid on Friday, April 25th. Stockholders of record on Monday, April 14th were paid a dividend of $0.
014 per share. The ex-dividend date of this dividend was Monday, April 14th. This represents a $0.
06 dividend on an annualized basis and a dividend yield of 0.67%. Sandstorm Gold’s dividend payout ratio (DPR) is currently 100.
00%. About Sandstorm Gold ( Free Report ) 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. Further Reading Receive News & Ratings for Sandstorm Gold Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sandstorm Gold and related companies with MarketBeat.
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