Fiduciary Family Office LLC Takes $93,000 Position in Sandstorm Gold Ltd. (NYSE:SAND)

Fiduciary Family Office LLC acquired a new position in Sandstorm Gold Ltd. (NYSE:SAND) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 16,680 shares of the company’s stock, valued at approximately $93,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. American Century Companies Inc. boosted its stake in shares of Sandstorm Gold by 134.2% during the 2nd quarter. American Century Companies Inc. now owns 139,946 shares of the company’s stock worth $761,000 after acquiring an additional 80,200 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Sandstorm Gold by 42.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,149,232 shares of the company’s stock worth $17,162,000 after purchasing an additional 935,005 shares during the last quarter. Renaissance Technologies LLC boosted its position in Sandstorm Gold by 31.6% during the second quarter. Renaissance Technologies LLC now owns 472,800 shares of the company’s stock worth $2,572,000 after purchasing an additional 113,500 shares during the period. Bank of Montreal Can raised its position in shares of Sandstorm Gold by 2.7% in the second quarter. Bank of Montreal Can now owns 1,560,657 shares of the company’s stock valued at $8,511,000 after purchasing an additional 41,623 shares during the period. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its stake in shares of Sandstorm Gold by 2.2% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 3,634,027 shares of the company’s stock worth $19,766,000 after buying an additional 78,032 shares during the last quarter. Institutional investors own 51.97% of the company’s stock.

Sandstorm Gold Stock Performance

NYSE SAND opened at $5.71 on Thursday. The company’s fifty day moving average is $5.64 and its two-hundred day moving average is $5.74. The firm has a market capitalization of $1.69 billion, a price-to-earnings ratio of 47.55 and a beta of 1.10. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.29 and a quick ratio of 2.29. Sandstorm Gold Ltd. has a 52-week low of $3.96 and a 52-week high of $6.50.

Sandstorm Gold (NYSE:SAND) last issued its quarterly earnings results on Thursday, November 7th. The company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.01). Sandstorm Gold had a net margin of 20.46% and a return on equity of 2.44%. The firm had revenue of $44.70 million for the quarter, compared to the consensus estimate of $44.70 million. Equities research analysts forecast that Sandstorm Gold Ltd. will post 0.09 EPS for the current year.

Sandstorm Gold Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Tuesday, January 21st will be paid a dividend of $0.02 per share. The ex-dividend date of this dividend is Tuesday, January 21st. This represents a $0.08 dividend on an annualized basis and a yield of 1.40%. This is an increase from Sandstorm Gold’s previous quarterly dividend of $0.02. Sandstorm Gold’s payout ratio is currently 50.00%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. StockNews.com lowered shares of Sandstorm Gold from a “buy” rating to a “hold” rating in a research note on Thursday, November 14th. HC Wainwright boosted their price objective on Sandstorm Gold from $11.50 to $12.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $8.50.

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.