Horizon Kinetics Asset Management LLC Has $23.41 Million Stock Holdings in Sandstorm Gold Ltd. (NYSE:SAND)

Horizon Kinetics Asset Management LLC lowered its position in shares of Sandstorm Gold Ltd. (NYSE:SAND) by 2.1% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,901,719 shares of the company’s stock after selling 83,975 shares during the quarter. Horizon Kinetics Asset Management LLC owned approximately 1.31% of Sandstorm Gold worth $23,410,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in SAND. EdgePoint Investment Group Inc. acquired a new stake in shares of Sandstorm Gold during the first quarter worth approximately $6,537,000. Boston Partners bought a new position in Sandstorm Gold in the 1st quarter valued at $1,902,000. Mather Group LLC. acquired a new position in Sandstorm Gold in the second quarter worth $67,000. SG Americas Securities LLC grew its holdings in shares of Sandstorm Gold by 8.0% during the second quarter. SG Americas Securities LLC now owns 110,485 shares of the company’s stock worth $601,000 after purchasing an additional 8,198 shares during the last quarter. Finally, Raymond James & Associates grew its holdings in shares of Sandstorm Gold by 1.1% during the second 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 last quarter. 51.97% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

SAND has been the topic of several research reports. Royal Bank of Canada reduced their price target on shares of Sandstorm Gold from $6.50 to $6.00 and set an “outperform” rating on the stock in a research report on Tuesday, September 10th. HC Wainwright upped their target price on shares of Sandstorm Gold from $11.50 to $12.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Finally, StockNews.com cut shares of Sandstorm Gold from a “buy” rating to a “hold” rating in a research note on Thursday, November 14th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $8.35.

Sandstorm Gold Trading Down 1.7 %

NYSE SAND opened at $5.75 on Monday. Sandstorm Gold Ltd. has a 12 month low of $3.96 and a 12 month high of $6.50. The stock has a 50-day simple moving average of $5.97 and a 200 day simple moving average of $5.73. The company has a current ratio of 2.29, a quick ratio of 2.29 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $1.71 billion, a PE ratio of 47.92 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 for the quarter, missing the consensus estimate of $0.03 by ($0.01). Sandstorm Gold had a return on equity of 2.44% and a net margin of 20.46%. The firm had revenue of $44.70 million for the quarter, compared to the consensus estimate of $44.70 million. Research analysts forecast that Sandstorm Gold Ltd. will post 0.09 EPS for the current year.

Sandstorm Gold Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 25th. Shareholders of record on Tuesday, October 15th were paid a $0.015 dividend. This represents a $0.06 dividend on an annualized basis and a yield of 1.04%. This is a boost from Sandstorm Gold’s previous quarterly dividend of $0.01. The ex-dividend date of this dividend was Tuesday, October 15th. Sandstorm Gold’s payout ratio is presently 50.00%.

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.