Toronto Dominion Bank Trims Stock Holdings in Sandstorm Gold Ltd. (NYSE:SAND)

Toronto Dominion Bank lessened its holdings in shares of Sandstorm Gold Ltd. (NYSE:SAND) by 6.7% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 39,729 shares of the company’s stock after selling 2,843 shares during the quarter. Toronto Dominion Bank’s holdings in Sandstorm Gold were worth $238,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of SAND. Allworth Financial LP acquired a new stake in shares of Sandstorm Gold during the third quarter worth approximately $60,000. Walleye Trading LLC acquired a new position in Sandstorm Gold during the 3rd quarter worth $85,000. Oak Family Advisors LLC bought a new stake in shares of Sandstorm Gold in the 2nd quarter worth about $88,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Sandstorm Gold in the 2nd quarter valued at about $94,000. Finally, Oxbow Advisors LLC lifted its position in shares of Sandstorm Gold by 34.3% during the second quarter. Oxbow Advisors LLC now owns 20,556 shares of the company’s stock worth $112,000 after purchasing an additional 5,254 shares during the last quarter. 51.97% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on SAND. HC Wainwright boosted their price target on Sandstorm Gold from $11.50 to $12.00 and gave the company a “buy” rating in a report on Monday, November 11th. Royal Bank of Canada lowered their target price on shares of Sandstorm Gold from $6.50 to $6.00 and set an “outperform” rating for the company in a research note on Tuesday, September 10th. 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 analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, Sandstorm Gold presently has an average rating of “Hold” and an average target price of $8.50.

Sandstorm Gold Trading Down 0.3 %

NYSE:SAND opened at $5.61 on Tuesday. The firm has a market capitalization of $1.66 billion, a P/E ratio of 46.71 and a beta of 1.11. The business has a 50 day simple moving average of $5.85 and a 200 day simple moving average of $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. 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 results 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 firm had revenue of $44.70 million for 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%. Equities research analysts predict that Sandstorm Gold Ltd. will post 0.09 EPS for the current year.

Sandstorm Gold Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 25th. Shareholders of record on Tuesday, October 15th were given a $0.015 dividend. 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. This represents a $0.06 annualized dividend and a yield of 1.07%. Sandstorm Gold’s dividend payout ratio is 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.