Sandstorm Gold Ltd $SAND Shares Sold by Bar Harbor Wealth Management

Bar Harbor Wealth Management lessened its holdings in shares of Sandstorm Gold Ltd (NYSE:SAND) by 0.8% during the 2nd quarter, Holdings Channel reports. The firm owned 1,116,255 shares of the company’s stock after selling 8,588 shares during the period. Bar Harbor Wealth Management’s holdings in Sandstorm Gold were worth $10,493,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in SAND. SG Americas Securities LLC lifted its position in shares of Sandstorm Gold by 2.1% during the first quarter. SG Americas Securities LLC now owns 111,762 shares of the company’s stock worth $844,000 after purchasing an additional 2,307 shares in the last quarter. United Advisor Group LLC acquired a new stake in Sandstorm Gold in the first quarter valued at approximately $118,000. PFG Investments LLC raised its holdings in Sandstorm Gold by 8.8% in the first quarter. PFG Investments LLC now owns 34,979 shares of the company’s stock valued at $264,000 after acquiring an additional 2,829 shares in the last quarter. Intact Investment Management Inc. raised its holdings in Sandstorm Gold by 10.3% in the first quarter. Intact Investment Management Inc. now owns 298,000 shares of the company’s stock valued at $2,245,000 after acquiring an additional 27,800 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. raised its holdings in Sandstorm Gold by 14.7% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 61,184 shares of the company’s stock valued at $462,000 after acquiring an additional 7,838 shares in the last quarter. Institutional investors and hedge funds own 51.97% of the company’s stock.

Sandstorm Gold Stock Up 3.6%

SAND stock opened at $12.81 on Thursday. The company has a current ratio of 2.40, a quick ratio of 2.40 and a debt-to-equity ratio of 0.22. Sandstorm Gold Ltd has a twelve month low of $5.33 and a twelve month high of $12.85. The company’s 50 day moving average is $11.28 and its two-hundred day moving average is $9.60. The stock has a market cap of $3.78 billion, a P/E ratio of 106.75 and a beta of 0.51.

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

Sandstorm Gold Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 7th. Stockholders of record on Friday, September 26th were given a dividend of $0.02 per share. The ex-dividend date was Friday, September 26th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.6%. Sandstorm Gold’s dividend payout ratio (DPR) is 50.00%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. TD Securities cut 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. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Sandstorm Gold in a report on Saturday, September 27th. National Bankshares reaffirmed an “outperform” rating on shares of Sandstorm Gold in a report on Tuesday, June 24th. Finally, Stifel Canada cut shares of Sandstorm Gold from a “strong-buy” rating to a “hold” rating in a report on Monday, July 21st. Four equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Sandstorm Gold currently has an average rating of “Hold” and an average target price of $10.15.

Sandstorm Gold Company 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.