Sandstorm Gold Ltd. (NYSE:SAND) Shares Bought by Aigen Investment Management LP

Aigen Investment Management LP boosted its stake in shares of Sandstorm Gold Ltd. (NYSE:SAND) by 32.4% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 42,385 shares of the company’s stock after purchasing an additional 10,363 shares during the period. Aigen Investment Management LP’s holdings in Sandstorm Gold were worth $254,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Boston Partners purchased a new position in shares of Sandstorm Gold during the 1st quarter valued at approximately $1,902,000. Squarepoint Ops LLC purchased a new position in Sandstorm Gold in the second quarter valued at $606,000. Clearbridge Investments LLC boosted its stake in shares of Sandstorm Gold by 48.1% during the 1st quarter. Clearbridge Investments LLC now owns 384,921 shares of the company’s stock worth $2,021,000 after acquiring an additional 125,096 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Sandstorm Gold by 42.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,149,232 shares of the company’s stock valued at $17,162,000 after acquiring an additional 935,005 shares during the period. Finally, Sagil Capital LLP acquired a new stake in shares of Sandstorm Gold during the 2nd quarter valued at about $8,041,000. Hedge funds and other institutional investors own 51.97% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on SAND. HC Wainwright increased their price target on Sandstorm Gold from $11.50 to $12.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. StockNews.com lowered Sandstorm Gold from a “buy” rating to a “hold” rating in a research report on Thursday. Finally, Royal Bank of Canada cut their price target on shares of Sandstorm Gold from $6.50 to $6.00 and set an “outperform” rating for the company in a report on Tuesday, September 10th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, Sandstorm Gold presently has an average rating of “Moderate Buy” and an average target price of $8.35.

Sandstorm Gold Stock Performance

SAND opened at $5.36 on Friday. Sandstorm Gold Ltd. has a twelve month low of $3.96 and a twelve month high of $6.50. The firm has a market capitalization of $1.59 billion, a PE ratio of 44.67 and a beta of 1.13. The company has a current ratio of 2.29, a quick ratio of 2.29 and a debt-to-equity ratio of 0.26. The firm’s 50-day moving average price is $5.98 and its 200 day moving average price is $5.72.

Sandstorm Gold (NYSE:SAND) last issued its earnings results on Thursday, November 7th. The company reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.01). Sandstorm Gold had a return on equity of 2.44% and a net margin of 20.46%. The company had revenue of $44.70 million during the quarter, compared to analyst estimates of $44.70 million. As a group, sell-side analysts expect that Sandstorm Gold Ltd. will post 0.09 EPS for the current fiscal year.

Sandstorm Gold Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 25th. Stockholders of record on Tuesday, October 15th were issued a dividend of $0.015 per share. The ex-dividend date was Tuesday, October 15th. This represents a $0.06 dividend on an annualized basis and a dividend yield of 1.12%. This is an increase from Sandstorm Gold’s previous quarterly dividend of $0.01. Sandstorm Gold’s dividend payout ratio (DPR) is currently 50.00%.

About Sandstorm Gold

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.