Caisse DE Depot ET Placement DU Quebec Purchases Shares of 1,690,018 Sandstorm Gold Ltd $SAND

Caisse DE Depot ET Placement DU Quebec purchased a new stake in Sandstorm Gold Ltd (NYSE:SAND) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 1,690,018 shares of the company’s stock, valued at approximately $12,729,000. Caisse DE Depot ET Placement DU Quebec owned 0.58% of Sandstorm Gold as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. XTX Topco Ltd boosted its holdings in Sandstorm Gold by 107.9% in the 1st quarter. XTX Topco Ltd now owns 75,471 shares of the company’s stock valued at $570,000 after purchasing an additional 39,172 shares during the period. Oppenheimer Asset Management Inc. boosted its holdings in Sandstorm Gold by 62.0% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 26,916 shares of the company’s stock valued at $203,000 after purchasing an additional 10,302 shares during the period. D.A. Davidson & CO. bought a new stake in Sandstorm Gold in the 1st quarter valued at about $414,000. Deutsche Bank AG boosted its holdings in Sandstorm Gold by 4.1% in the 4th quarter. Deutsche Bank AG now owns 552,995 shares of the company’s stock valued at $3,086,000 after purchasing an additional 21,858 shares during the period. Finally, Alps Advisors Inc. bought a new stake in Sandstorm Gold in the 1st quarter valued at about $624,000. Institutional investors own 51.97% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on SAND. Wall Street Zen raised shares of Sandstorm Gold from a “hold” rating to a “buy” rating in a report on Wednesday, May 21st. HC Wainwright raised their target price on shares of Sandstorm Gold from $11.50 to $11.75 and gave the company a “buy” rating in a report on Thursday, May 8th. Stifel Canada lowered shares of Sandstorm Gold from a “strong-buy” rating to a “hold” rating in a report on Monday, July 21st. TD Securities lowered shares of Sandstorm Gold from a “buy” rating to a “sell” rating and set a $14.00 target price on the stock. in a report on Thursday, July 10th. Finally, Raymond James Financial set a $9.75 target price on shares of Sandstorm Gold and gave the company an “outperform” rating in a report on Wednesday, May 7th. Four investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $10.15.

Sandstorm Gold Stock Performance

Shares of Sandstorm Gold stock opened at $11.01 on Thursday. Sandstorm Gold Ltd has a fifty-two week low of $5.33 and a fifty-two week high of $11.14. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.40 and a quick ratio of 2.40. The firm has a market capitalization of $3.23 billion, a P/E ratio of 91.71 and a beta of 0.47. The company’s 50 day moving average price is $9.88 and its two-hundred day moving average price is $8.47.

Sandstorm Gold (NYSE:SAND) last issued its earnings results on Thursday, August 7th. The company reported $0.05 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.05. Sandstorm Gold had a return on equity of 2.38% and a net margin of 17.78%.The business had revenue of $51.42 million during the quarter, compared to analysts’ expectations of $68.43 million. On average, equities analysts forecast that Sandstorm Gold Ltd will post 0.18 earnings per share for the current fiscal year.

Sandstorm Gold Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 25th. Shareholders of record on Tuesday, July 15th were issued a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend was Tuesday, July 15th. This is a positive change from Sandstorm Gold’s previous quarterly dividend of $0.01. Sandstorm Gold’s payout ratio is presently 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.