Bard Associates Inc. Sells 59,614 Shares of Sandstorm Gold Ltd. (NYSE:SAND)

Bard Associates Inc. lessened its stake in shares of Sandstorm Gold Ltd. (NYSE:SAND) by 11.4% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 464,668 shares of the company’s stock after selling 59,614 shares during the period. Bard Associates Inc. owned 0.16% of Sandstorm Gold worth $2,788,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Mad River Investors boosted its holdings in Sandstorm Gold by 1.6% during the 2nd quarter. Mad River Investors now owns 192,069 shares of the company’s stock worth $1,045,000 after acquiring an additional 3,016 shares during the last quarter. Raymond James & Associates boosted its stake in Sandstorm Gold by 1.1% in the 2nd quarter. Raymond James & Associates now owns 302,128 shares of the company’s stock worth $1,644,000 after purchasing an additional 3,319 shares during the period. Pullen Investment Management LLC increased its holdings in shares of Sandstorm Gold by 3.2% in the second quarter. Pullen Investment Management LLC now owns 109,976 shares of the company’s stock worth $598,000 after purchasing an additional 3,442 shares during the period. Oxbow Advisors LLC increased its position in shares of Sandstorm Gold by 34.3% in the second quarter. Oxbow Advisors LLC now owns 20,556 shares of the company’s stock worth $112,000 after purchasing an additional 5,254 shares during the last quarter. Finally, Perritt Capital Management Inc. purchased a new stake in shares of Sandstorm Gold during the 1st quarter valued at $31,000. 51.97% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on SAND shares. StockNews.com lowered Sandstorm Gold from a “buy” rating to a “hold” rating in a research note on Thursday. HC Wainwright boosted their price objective on shares of Sandstorm Gold from $11.50 to $12.00 and gave the stock a “buy” rating in a report on Monday. Finally, Royal Bank of Canada cut their price objective on Sandstorm Gold from $6.50 to $6.00 and set an “outperform” rating for the company in a report on Tuesday, September 10th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Sandstorm Gold currently has a consensus rating of “Moderate Buy” and an average price target of $8.35.

Sandstorm Gold Stock Performance

Shares of NYSE SAND opened at $5.49 on Friday. The company’s fifty day moving average price is $5.98 and its 200 day moving average price is $5.72. Sandstorm Gold Ltd. has a 1 year low of $3.96 and a 1 year high of $6.50. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.29 and a current ratio of 2.29. The company has a market capitalization of $1.63 billion, a PE ratio of 45.80 and a beta of 1.13.

Sandstorm Gold (NYSE:SAND) last released its quarterly earnings data 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). The business had revenue of $44.70 million during the quarter, compared to analysts’ expectations of $44.70 million. Sandstorm Gold had a return on equity of 2.44% and a net margin of 20.46%. On average, research analysts predict that Sandstorm Gold Ltd. will post 0.09 earnings per share for the current year.

Sandstorm Gold Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 25th. Shareholders of record on Tuesday, October 15th were given a $0.015 dividend. The ex-dividend date of this dividend was Tuesday, October 15th. This is a positive change from Sandstorm Gold’s previous quarterly dividend of $0.01. This represents a $0.06 annualized dividend and a yield of 1.09%. Sandstorm Gold’s dividend payout ratio (DPR) is 50.00%.

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.