Mad River Investors Trims Stake in Sandstorm Gold Ltd. (NYSE:SAND)

Mad River Investors decreased its holdings in shares of Sandstorm Gold Ltd. (NYSE:SAND) by 5.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 183,099 shares of the company’s stock after selling 10,150 shares during the period. Sandstorm Gold comprises approximately 0.5% of Mad River Investors’ holdings, making the stock its 20th largest position. Mad River Investors owned about 0.06% of Sandstorm Gold worth $1,022,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of SAND. Allworth Financial LP purchased a new position in Sandstorm Gold during the third quarter worth $60,000. JTC Employer Solutions Trustee Ltd bought a new position in Sandstorm Gold during the 4th quarter valued at about $72,000. Walleye Trading LLC purchased a new stake in Sandstorm Gold in the 3rd quarter worth about $85,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Sandstorm Gold in the 2nd quarter worth about $94,000. Finally, Fiduciary Alliance LLC boosted its position in shares of Sandstorm Gold by 119.4% during the fourth quarter. Fiduciary Alliance LLC now owns 22,735 shares of the company’s stock valued at $127,000 after buying an additional 12,375 shares during the period. 51.97% of the stock is owned by institutional investors.

Sandstorm Gold Price Performance

Sandstorm Gold stock opened at $5.71 on Tuesday. The company has a 50-day moving average price of $5.62 and a 200 day moving average price of $5.74. The stock has a market cap of $1.69 billion, a P/E ratio of 47.55 and a beta of 1.10. The company has a current ratio of 2.29, a quick ratio of 2.29 and a debt-to-equity ratio of 0.26. Sandstorm Gold Ltd. has a 12-month low of $3.96 and a 12-month high of $6.50.

Sandstorm Gold (NYSE:SAND) last announced 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 company had revenue of $44.70 million during the quarter, compared to analyst estimates of $44.70 million. Sandstorm Gold had a net margin of 20.46% and a return on equity of 2.44%. Sell-side analysts anticipate that Sandstorm Gold Ltd. will post 0.09 earnings per share for the current year.

Sandstorm Gold Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Tuesday, January 21st will be issued a $0.02 dividend. This is an increase from Sandstorm Gold’s previous quarterly dividend of $0.02. This represents a $0.08 annualized dividend and a dividend yield of 1.40%. The ex-dividend date of this dividend is Tuesday, January 21st. Sandstorm Gold’s dividend payout ratio is presently 50.00%.

Wall Street Analyst Weigh In

SAND has been the topic of a number of recent research reports. StockNews.com downgraded Sandstorm Gold from a “buy” rating to a “hold” rating in a research report on Thursday, November 14th. HC Wainwright increased their price objective on shares of Sandstorm Gold from $11.50 to $12.00 and gave the company a “buy” rating in a research note 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, the stock currently has a consensus rating of “Hold” and an average target price of $8.50.

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.