Plancorp LLC Invests $311,000 in Sandstorm Gold Ltd. (NYSE:SAND)

Plancorp LLC purchased a new stake in shares of Sandstorm Gold Ltd. (NYSE:SAND) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 57,142 shares of the company’s stock, valued at approximately $311,000.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Principal Securities Inc. bought a new position in Sandstorm Gold in the fourth quarter worth about $25,000. Perritt Capital Management Inc. bought a new stake in shares of Sandstorm Gold in the 1st quarter worth approximately $31,000. Creekmur Asset Management LLC acquired a new position in Sandstorm Gold during the 4th quarter valued at approximately $39,000. Oxford Asset Management LLP bought a new position in Sandstorm Gold during the 4th quarter worth $53,000. Finally, Jump Financial LLC acquired a new stake in Sandstorm Gold in the fourth quarter worth $59,000. 51.97% of the stock is owned by institutional investors and hedge funds.

Sandstorm Gold Trading Down 1.7 %

Shares of NYSE:SAND opened at $6.14 on Wednesday. The company has a 50 day moving average of $5.62 and a 200-day moving average of $5.47. The company has a current ratio of 1.99, a quick ratio of 1.99 and a debt-to-equity ratio of 0.27. The firm has a market cap of $1.82 billion, a P/E ratio of 76.70 and a beta of 1.14. Sandstorm Gold Ltd. has a twelve month low of $3.96 and a twelve month high of $6.29.

Sandstorm Gold (NYSE:SAND) last announced its earnings results on Thursday, August 1st. The company reported $0.03 EPS for the quarter, topping the consensus estimate of $0.02 by $0.01. Sandstorm Gold had a return on equity of 2.06% and a net margin of 17.55%. The firm had revenue of $41.37 million for the quarter, compared to analysts’ expectations of $40.50 million. During the same quarter in the previous year, the company earned $0.01 earnings per share. As a group, analysts anticipate that Sandstorm Gold Ltd. will post 0.09 earnings per share for the current fiscal year.

Sandstorm Gold Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 26th. Investors of record on Tuesday, July 16th were paid a dividend of $0.0146 per share. The ex-dividend date was Tuesday, July 16th. This represents a $0.06 annualized dividend and a yield of 0.95%. Sandstorm Gold’s dividend payout ratio is currently 75.01%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on SAND shares. Scotiabank boosted their price target on shares of Sandstorm Gold from $6.25 to $6.50 and gave the company a “sector perform” rating in a report on Thursday, May 23rd. CIBC upped their target price on shares of Sandstorm Gold from $9.00 to $9.50 and gave the stock a “neutral” rating in a research report on Wednesday, July 10th. Royal Bank of Canada dropped 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 note on Tuesday, September 10th. StockNews.com upgraded Sandstorm Gold from a “hold” rating to a “buy” rating in a research report on Tuesday. Finally, HC Wainwright raised their target price on Sandstorm Gold from $11.00 to $11.50 and gave the company a “buy” rating in a research report on Monday, August 5th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $8.38.

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.