American Century Companies Inc. Acquires 994,200 Shares of Sandstorm Gold Ltd. (NYSE:SAND)

American Century Companies Inc. grew its holdings in shares of Sandstorm Gold Ltd. (NYSE:SAND) by 1,787.2% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,049,830 shares of the company’s stock after buying an additional 994,200 shares during the period. American Century Companies Inc. owned 0.35% of Sandstorm Gold worth $4,893,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of SAND. JPMorgan Chase & Co. boosted its stake in Sandstorm Gold by 0.9% in the 1st quarter. JPMorgan Chase & Co. now owns 624,378 shares of the company’s stock worth $5,045,000 after purchasing an additional 5,545 shares in the last quarter. Bank of New York Mellon Corp bought a new position in Sandstorm Gold in the 1st quarter worth about $109,000. HighTower Advisors LLC boosted its stake in Sandstorm Gold by 86.9% in the 1st quarter. HighTower Advisors LLC now owns 76,112 shares of the company’s stock worth $610,000 after purchasing an additional 35,396 shares in the last quarter. Acadian Asset Management LLC bought a new position in Sandstorm Gold in the 1st quarter worth about $25,000. Finally, Dimensional Fund Advisors LP boosted its stake in Sandstorm Gold by 8.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 479,714 shares of the company’s stock worth $3,876,000 after purchasing an additional 36,875 shares in the last quarter. Institutional investors own 51.97% of the company’s stock.

Sandstorm Gold Price Performance

Shares of NYSE:SAND opened at $5.14 on Thursday. Sandstorm Gold Ltd. has a fifty-two week low of $3.96 and a fifty-two week high of $6.31. The business has a 50-day simple moving average of $4.56 and a two-hundred day simple moving average of $4.73. The company has a debt-to-equity ratio of 0.30, a quick ratio of 3.32 and a current ratio of 3.32. The firm has a market cap of $1.53 billion, a price-to-earnings ratio of 36.71 and a beta of 1.08.

Sandstorm Gold (NYSE:SAND) last released its quarterly earnings results on Thursday, February 15th. The company reported $0.08 EPS for the quarter, beating the consensus estimate of $0.02 by $0.06. Sandstorm Gold had a net margin of 23.22% and a return on equity of 2.89%. The firm had revenue of $44.50 million during the quarter, compared to analyst estimates of $46.30 million. On average, analysts expect that Sandstorm Gold Ltd. will post 0.06 earnings per share for the current year.

Analysts Set New Price Targets

Separately, Raymond James decreased their target price on Sandstorm Gold from $8.00 to $7.75 and set an “outperform” rating for the company in a research report on Wednesday, December 13th.

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.