U S Global Investors Inc. Cuts Holdings in Sandstorm Gold Ltd $SAND

U S Global Investors Inc. trimmed its holdings in shares of Sandstorm Gold Ltd (NYSE:SAND) by 19.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 699,747 shares of the company’s stock after selling 174,151 shares during the quarter. Sandstorm Gold makes up approximately 0.8% of U S Global Investors Inc.’s investment portfolio, making the stock its 26th biggest holding. U S Global Investors Inc.’s holdings in Sandstorm Gold were worth $6,578,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Farther Finance Advisors LLC increased its holdings in Sandstorm Gold by 181.8% during the second quarter. Farther Finance Advisors LLC now owns 3,100 shares of the company’s stock valued at $29,000 after buying an additional 2,000 shares during the period. Venture Visionary Partners LLC purchased a new position in Sandstorm Gold during the first quarter valued at approximately $91,000. United Advisor Group LLC purchased a new position in Sandstorm Gold during the first quarter valued at approximately $118,000. FORA Capital LLC purchased a new position in Sandstorm Gold during the first quarter valued at approximately $121,000. Finally, Bank of New York Mellon Corp increased its holdings in Sandstorm Gold by 43.8% during the first quarter. Bank of New York Mellon Corp now owns 19,989 shares of the company’s stock valued at $151,000 after buying an additional 6,092 shares during the period. 51.97% of the stock is owned by hedge funds and other institutional investors.

Sandstorm Gold Trading Up 0.7%

NYSE SAND opened at $12.12 on Friday. The company has a market capitalization of $3.57 billion, a PE ratio of 101.00 and a beta of 0.51. The company has a fifty day moving average of $11.39 and a 200 day moving average of $9.67. Sandstorm Gold Ltd has a 1 year low of $5.33 and a 1 year high of $12.90. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.40 and a quick ratio of 2.40.

Sandstorm Gold (NYSE:SAND) last posted its earnings results on Thursday, August 7th. The company reported $0.05 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.05. The company had revenue of $51.42 million during the quarter, compared to the consensus estimate of $68.43 million. Sandstorm Gold had a net margin of 17.78% and a return on equity of 2.38%. Research analysts forecast that Sandstorm Gold Ltd will post 0.18 earnings per share for the current year.

Sandstorm Gold Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 7th. Investors of record on Friday, September 26th were given a dividend of $0.02 per share. The ex-dividend date was Friday, September 26th. This represents a $0.08 dividend on an annualized basis and a yield of 0.7%. Sandstorm Gold’s payout ratio is currently 50.00%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on SAND shares. TD Securities lowered shares of Sandstorm Gold from a “buy” rating to a “sell” rating and set a $14.00 price objective on the stock. in a report on Thursday, July 10th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Sandstorm Gold in a report on Saturday, September 27th. Stifel Canada lowered shares of Sandstorm Gold from a “strong-buy” rating to a “hold” rating in a report on Monday, July 21st. Finally, National Bankshares reaffirmed an “outperform” rating on shares of Sandstorm Gold in a report on Tuesday, June 24th. Four investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Sandstorm Gold currently has a consensus rating of “Hold” and an average target price of $10.15.

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.