Y Intercept Hong Kong Ltd Buys Shares of 14,078 Sandstorm Gold Ltd $SAND

Y Intercept Hong Kong Ltd bought a new position in shares of Sandstorm Gold Ltd (NYSE:SAND) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 14,078 shares of the company’s stock, valued at approximately $132,000.

Other large investors have also modified their holdings of the company. Burford Brothers Inc. purchased a new position in shares of Sandstorm Gold during the 2nd quarter worth approximately $117,000. Ritholtz Wealth Management acquired a new stake in Sandstorm Gold during the 2nd quarter valued at $201,000. TD Asset Management Inc increased its position in Sandstorm Gold by 16.6% during the second quarter. TD Asset Management Inc now owns 836,348 shares of the company’s stock worth $7,852,000 after buying an additional 119,064 shares in the last quarter. Montrusco Bolton Investments Inc. purchased a new position in Sandstorm Gold during the second quarter worth $12,167,000. Finally, Vanguard Personalized Indexing Management LLC raised its holdings in shares of Sandstorm Gold by 22.8% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 24,302 shares of the company’s stock worth $228,000 after acquiring an additional 4,517 shares during the last quarter. 51.97% of the stock is currently owned by institutional investors and hedge funds.

Sandstorm Gold Price Performance

SAND stock opened at $12.16 on Monday. The stock has a market capitalization of $3.59 billion, a price-to-earnings ratio of 101.29 and a beta of 0.51. 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 Ltd has a 52-week low of $5.33 and a 52-week high of $13.09. The stock’s fifty day simple moving average is $12.06 and its 200-day simple moving average is $10.35.

Sandstorm Gold (NYSE:SAND) last released its earnings results on Thursday, August 7th. The company reported $0.05 EPS for the quarter, meeting the consensus estimate of $0.05. Sandstorm Gold had a return on equity of 2.38% and a net margin of 17.78%.The firm had revenue of $51.42 million during the quarter, compared to analyst estimates of $68.43 million. Equities research analysts expect that Sandstorm Gold Ltd will post 0.18 EPS for the current year.

Sandstorm Gold Announces Dividend

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

Analyst Upgrades and Downgrades

SAND has been the topic of a number of analyst reports. Stifel Canada lowered Sandstorm Gold from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 21st. Weiss Ratings restated a “hold (c+)” rating on shares of Sandstorm Gold in a report on Tuesday, October 14th. Four analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus 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.