Trexquant Investment LP Has $3.69 Million Stock Holdings in Sandstorm Gold Ltd. (NYSE:SAND)

Trexquant Investment LP lifted its position in Sandstorm Gold Ltd. (NYSE:SAND) by 116.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 662,058 shares of the company’s stock after buying an additional 356,747 shares during the quarter. Trexquant Investment LP’s holdings in Sandstorm Gold were worth $3,694,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of SAND. Sprott Inc. lifted its position in Sandstorm Gold by 77.9% during the 4th quarter. Sprott Inc. now owns 4,465,843 shares of the company’s stock worth $24,925,000 after acquiring an additional 1,955,916 shares during the last quarter. Barclays PLC lifted its position in shares of Sandstorm Gold by 6.4% during the 3rd quarter. Barclays PLC now owns 399,854 shares of the company’s stock worth $2,400,000 after purchasing an additional 23,947 shares during the last quarter. FMR LLC bought a new stake in Sandstorm Gold during the 3rd quarter valued at approximately $600,000. Swiss National Bank grew its holdings in Sandstorm Gold by 0.6% in the 4th quarter. Swiss National Bank now owns 501,762 shares of the company’s stock valued at $2,805,000 after buying an additional 3,000 shares during the last quarter. Finally, Louisbourg Investments Inc. increased its position in Sandstorm Gold by 17.4% in the 4th quarter. Louisbourg Investments Inc. now owns 728,182 shares of the company’s stock worth $4,071,000 after buying an additional 108,000 shares during the period. 51.97% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on SAND shares. Royal Bank of Canada increased their price objective on Sandstorm Gold from $6.50 to $7.00 and gave the company an “outperform” rating in a research report on Friday. HC Wainwright reduced their price target on shares of Sandstorm Gold from $12.00 to $11.50 and set a “buy” rating for the company in a report on Wednesday, February 19th. Scotiabank boosted their price objective on shares of Sandstorm Gold from $6.75 to $7.25 and gave the stock a “sector perform” rating in a report on Thursday, February 27th. Finally, StockNews.com upgraded shares of Sandstorm Gold from a “hold” rating to a “buy” rating in a research note on Wednesday, February 26th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $8.81.

Sandstorm Gold Stock Performance

Shares of NYSE SAND opened at $6.99 on Monday. Sandstorm Gold Ltd. has a one year low of $4.92 and a one year high of $7.74. The company has a current ratio of 1.95, a quick ratio of 2.29 and a debt-to-equity ratio of 0.24. The business has a fifty day simple moving average of $6.51 and a 200 day simple moving average of $6.05. The firm has a market capitalization of $2.07 billion, a price-to-earnings ratio of 139.73 and a beta of 0.90.

Sandstorm Gold (NYSE:SAND) last announced 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 quarter in the prior year, the company posted ($0.04) EPS. Sell-side analysts expect that Sandstorm Gold Ltd. will post 0.18 EPS for the current year.

Sandstorm Gold Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Monday, April 14th will be paid a dividend of $0.014 per share. This represents a $0.06 dividend on an annualized basis and a yield of 0.80%. The ex-dividend date of this dividend is Monday, April 14th. Sandstorm Gold’s dividend payout ratio is 100.00%.

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.