Boston Partners Sells 6,571,650 Shares of Sandstorm Gold Ltd $SAND

Boston Partners lowered its position in shares of Sandstorm Gold Ltd (NYSE:SAND) by 57.8% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,802,507 shares of the company’s stock after selling 6,571,650 shares during the quarter. Boston Partners owned 1.64% of Sandstorm Gold worth $45,144,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Bank of New York Mellon Corp lifted its position in shares of Sandstorm Gold by 43.8% in the first quarter. Bank of New York Mellon Corp now owns 19,989 shares of the company’s stock worth $151,000 after purchasing an additional 6,092 shares in the last quarter. Private Advisor Group LLC lifted its position in Sandstorm Gold by 4.0% during the 1st quarter. Private Advisor Group LLC now owns 253,166 shares of the company’s stock worth $1,911,000 after buying an additional 9,662 shares in the last quarter. Cetera Investment Advisers boosted its stake in shares of Sandstorm Gold by 140.2% during the 1st quarter. Cetera Investment Advisers now owns 25,590 shares of the company’s stock worth $193,000 after buying an additional 14,935 shares during the last quarter. TD Asset Management Inc grew its holdings in shares of Sandstorm Gold by 4.2% in the 1st quarter. TD Asset Management Inc now owns 717,284 shares of the company’s stock valued at $5,402,000 after acquiring an additional 29,015 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Sandstorm Gold by 26.3% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 80,295 shares of the company’s stock valued at $605,000 after acquiring an additional 16,741 shares during the last quarter. 51.97% of the stock is currently owned by institutional investors and hedge funds.

Sandstorm Gold Stock Performance

SAND opened at $12.16 on Thursday. Sandstorm Gold Ltd has a 12-month low of $5.33 and a 12-month high of $13.09. The stock has a market cap of $3.59 billion, a price-to-earnings ratio of 101.29 and a beta of 0.51. The business has a 50 day moving average of $12.12 and a 200-day moving average of $10.42. The company has a quick ratio of 2.40, a current ratio of 2.40 and a debt-to-equity ratio of 0.22.

Sandstorm Gold Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 7th. Stockholders of record on Friday, September 26th were given a $0.02 dividend. The ex-dividend date of this dividend was Friday, September 26th. This represents a $0.08 annualized dividend and a dividend yield of 0.7%. Sandstorm Gold’s dividend payout ratio is presently 41.67%.

Wall Street Analysts Forecast Growth

SAND has been the subject of several recent research reports. Weiss Ratings reissued a “hold (c+)” rating on shares of Sandstorm Gold in a research report on Tuesday, October 14th. Stifel Canada downgraded Sandstorm Gold from a “strong-buy” rating to a “hold” rating in a report on Monday, July 21st. Four research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target 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.