Helikon Investments Ltd Purchases New Position in Sandstorm Gold Ltd. (NYSE:SAND)

Helikon Investments Ltd purchased a new position in shares of Sandstorm Gold Ltd. (NYSE:SAND) in the 1st quarter, Holdings Channel reports. The institutional investor purchased 1,289,779 shares of the company’s stock, valued at approximately $6,771,000. Sandstorm Gold accounts for approximately 0.6% of Helikon Investments Ltd’s investment portfolio, making the stock its 12th largest holding.

Other institutional investors also recently added to or reduced their stakes in the company. Van ECK Associates Corp lifted its stake in shares of Sandstorm Gold by 2.3% in the fourth quarter. Van ECK Associates Corp now owns 28,838,800 shares of the company’s stock valued at $145,059,000 after purchasing an additional 657,177 shares during the period. Capital International Investors grew its holdings in shares of Sandstorm Gold by 3.1% in the 4th quarter. Capital International Investors now owns 14,452,440 shares of the company’s stock worth $72,696,000 after acquiring an additional 434,460 shares during the period. Sprott Inc. increased its stake in Sandstorm Gold by 6.4% in the 4th quarter. Sprott Inc. now owns 4,048,355 shares of the company’s stock valued at $20,365,000 after purchasing an additional 242,554 shares in the last quarter. Bar Harbor Wealth Management raised its holdings in Sandstorm Gold by 1.7% during the third quarter. Bar Harbor Wealth Management now owns 1,177,067 shares of the company’s stock worth $5,485,000 after purchasing an additional 19,439 shares during the last quarter. Finally, American Century Companies Inc. boosted 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 worth $4,893,000 after purchasing an additional 994,200 shares in the last quarter. Hedge funds and other institutional investors own 51.97% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on SAND. Scotiabank lifted their price target on Sandstorm Gold from $6.25 to $6.50 and gave the stock a “sector perform” rating in a research note on Thursday, May 23rd. HC Wainwright reaffirmed a “buy” rating and issued a $11.00 price target on shares of Sandstorm Gold in a report on Monday, May 6th.

Sandstorm Gold Price Performance

Shares of SAND traded up $0.09 during trading hours on Tuesday, reaching $5.50. 1,725,466 shares of the company traded hands, compared to its average volume of 2,281,699. The stock has a market capitalization of $1.64 billion, a PE ratio of 68.70 and a beta of 1.13. The stock has a fifty day simple moving average of $5.58 and a 200 day simple moving average of $5.09. Sandstorm Gold Ltd. has a fifty-two week low of $3.96 and a fifty-two week high of $6.07. The company has a quick ratio of 2.26, a current ratio of 2.26 and a debt-to-equity ratio of 0.29.

Sandstorm Gold (NYSE:SAND) last released its quarterly earnings results on Thursday, May 2nd. The company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.02). The firm had revenue of $42.81 million for the quarter, compared to analyst estimates of $42.80 million. Sandstorm Gold had a return on equity of 1.52% and a net margin of 12.24%. As a group, research analysts predict that Sandstorm Gold Ltd. will post 0.08 EPS for the current fiscal year.

Sandstorm Gold Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 26th. Shareholders of record on Tuesday, July 16th will be issued a $0.0146 dividend. The ex-dividend date of this dividend is Tuesday, July 16th. This represents a $0.06 annualized dividend and a yield of 1.06%. Sandstorm Gold’s dividend payout ratio (DPR) is presently 75.01%.

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.