C WorldWide Group Holding A S Sells 88,954 Shares of Sandstorm Gold Ltd. (NYSE:SAND)

C WorldWide Group Holding A S reduced its holdings in shares of Sandstorm Gold Ltd. (NYSE:SAND) by 19.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 361,812 shares of the company’s stock after selling 88,954 shares during the period. C WorldWide Group Holding A S’s holdings in Sandstorm Gold were worth $1,820,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of SAND. American Century Companies Inc. grew its position in Sandstorm Gold by 1,787.2% during the third quarter. American Century Companies Inc. now owns 1,049,830 shares of the company’s stock valued at $4,893,000 after acquiring an additional 994,200 shares during the last quarter. Deutsche Bank AG grew its holdings in shares of Sandstorm Gold by 1,510.2% in the third quarter. Deutsche Bank AG now owns 205,161 shares of the company’s stock worth $956,000 after purchasing an additional 192,420 shares during the last quarter. Integrated Wealth Concepts LLC grew its holdings in shares of Sandstorm Gold by 136.9% in the third quarter. Integrated Wealth Concepts LLC now owns 245,885 shares of the company’s stock worth $1,146,000 after purchasing an additional 142,095 shares during the last quarter. Citigroup Inc. grew its holdings in shares of Sandstorm Gold by 284.2% in the third quarter. Citigroup Inc. now owns 130,124 shares of the company’s stock worth $611,000 after purchasing an additional 96,256 shares during the last quarter. Finally, U S Global Investors Inc. grew its holdings in shares of Sandstorm Gold by 8.3% in the fourth quarter. U S Global Investors Inc. now owns 933,690 shares of the company’s stock worth $4,696,000 after purchasing an additional 71,654 shares during the last quarter. 51.97% of the stock is currently owned by institutional investors.

Sandstorm Gold Trading Up 2.6 %

SAND stock traded up $0.14 on Friday, reaching $5.63. The company’s stock had a trading volume of 2,314,363 shares, compared to its average volume of 2,914,587. The business has a fifty day simple moving average of $4.95 and a two-hundred day simple moving average of $4.81. Sandstorm Gold Ltd. has a 12-month low of $3.96 and a 12-month high of $6.24. The firm has a market cap of $1.68 billion, a PE ratio of 40.25 and a beta of 1.10. The company has a debt-to-equity ratio of 0.30, a quick ratio of 3.32 and a current ratio of 3.32.

Sandstorm Gold (NYSE:SAND) last announced its quarterly earnings data on Thursday, February 15th. The company reported $0.08 EPS for the quarter, beating the consensus estimate of $0.02 by $0.06. The business had revenue of $44.50 million during the quarter, compared to analyst estimates of $46.30 million. Sandstorm Gold had a return on equity of 2.89% and a net margin of 23.22%. As a group, research analysts forecast that Sandstorm Gold Ltd. will post 0.09 EPS for the current year.

Sandstorm Gold Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 26th. Shareholders of record on Tuesday, April 16th were given a dividend of $0.0147 per share. This represents a $0.06 annualized dividend and a yield of 1.04%. The ex-dividend date was Monday, April 15th. Sandstorm Gold’s dividend payout ratio is currently 21.43%.

Analyst Upgrades and Downgrades

Separately, Scotiabank dropped their price target on Sandstorm Gold from $6.50 to $6.25 and set a “sector perform” rating for the company in a research note on Thursday, April 18th.

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.