National Bank of Canada FI Sells 2,816 Shares of Sandstorm Gold Ltd. (NYSE:SAND)

National Bank of Canada FI trimmed its stake in shares of Sandstorm Gold Ltd. (NYSE:SAND) by 0.3% in the 3rd quarter, Holdings Channel reports. The firm owned 881,386 shares of the company’s stock after selling 2,816 shares during the period. National Bank of Canada FI’s holdings in Sandstorm Gold were worth $5,289,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Squarepoint Ops LLC purchased a new stake in Sandstorm Gold during the 2nd quarter valued at $606,000. Dimensional Fund Advisors LP grew its holdings in shares of Sandstorm Gold by 42.2% in the second quarter. Dimensional Fund Advisors LP now owns 3,149,232 shares of the company’s stock worth $17,162,000 after acquiring an additional 935,005 shares during the period. Sagil Capital LLP purchased a new stake in Sandstorm Gold during the second quarter valued at $8,041,000. Intact Investment Management Inc. lifted its holdings in Sandstorm Gold by 195.0% in the third quarter. Intact Investment Management Inc. now owns 130,100 shares of the company’s stock valued at $781,000 after acquiring an additional 86,000 shares during the period. Finally, Renaissance Technologies LLC boosted its position in Sandstorm Gold by 31.6% in the second quarter. Renaissance Technologies LLC now owns 472,800 shares of the company’s stock worth $2,572,000 after purchasing an additional 113,500 shares during the last quarter. Institutional investors own 51.97% of the company’s stock.

Sandstorm Gold Price Performance

Shares of NYSE:SAND opened at $5.69 on Friday. The firm’s 50 day simple moving average is $5.86 and its two-hundred day simple moving average is $5.72. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.29 and a quick ratio of 2.29. The company has a market capitalization of $1.69 billion, a P/E ratio of 47.38 and a beta of 1.11. Sandstorm Gold Ltd. has a 1-year low of $3.96 and a 1-year high of $6.50.

Sandstorm Gold (NYSE:SAND) last released its earnings results on Thursday, November 7th. The company reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.01). Sandstorm Gold had a net margin of 20.46% and a return on equity of 2.44%. The firm had revenue of $44.70 million for the quarter, compared to analysts’ expectations of $44.70 million. Research analysts expect that Sandstorm Gold Ltd. will post 0.1 EPS for the current fiscal year.

Sandstorm Gold Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 25th. Investors of record on Tuesday, October 15th were given a dividend of $0.015 per share. The ex-dividend date was Tuesday, October 15th. This represents a $0.06 annualized dividend and a dividend yield of 1.06%. This is a boost from Sandstorm Gold’s previous quarterly dividend of $0.01. Sandstorm Gold’s dividend payout ratio (DPR) is currently 41.67%.

Analyst Ratings Changes

Several research firms have recently commented on SAND. Royal Bank of Canada reduced their price target on shares of Sandstorm Gold from $6.50 to $6.00 and set an “outperform” rating for the company in a research report on Tuesday, September 10th. HC Wainwright increased their price target 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 downgraded shares of Sandstorm Gold from a “buy” rating to a “hold” rating in a research report on Thursday, November 14th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $8.35.

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.