Royce & Associates LP Sells 25,000 Shares of Sandstorm Gold Ltd. (NYSE:SAND)

Royce & Associates LP trimmed its position in Sandstorm Gold Ltd. (NYSE:SAND) by 3.1% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 785,000 shares of the company’s stock after selling 25,000 shares during the quarter. Royce & Associates LP’s holdings in Sandstorm Gold were worth $4,380,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SAND. Dynamic Technology Lab Private Ltd increased its holdings in Sandstorm Gold by 219.0% during the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 47,727 shares of the company’s stock worth $286,000 after purchasing an additional 32,766 shares in the last quarter. Quantbot Technologies LP increased its holdings in Sandstorm Gold by 14.4% during the 3rd quarter. Quantbot Technologies LP now owns 132,996 shares of the company’s stock worth $798,000 after purchasing an additional 16,779 shares in the last quarter. FMR LLC bought a new stake in Sandstorm Gold during the 3rd quarter worth approximately $600,000. Walleye Capital LLC increased its holdings in Sandstorm Gold by 285.7% during the 3rd quarter. Walleye Capital LLC now owns 92,919 shares of the company’s stock worth $558,000 after purchasing an additional 68,826 shares in the last quarter. Finally, Walleye Trading LLC bought a new stake in Sandstorm Gold during the 3rd quarter worth approximately $85,000. 51.97% of the stock is owned by institutional investors.

Sandstorm Gold Price Performance

Sandstorm Gold stock opened at $6.80 on Thursday. Sandstorm Gold Ltd. has a 12 month low of $4.76 and a 12 month high of $6.95. The company has a current ratio of 1.95, a quick ratio of 2.29 and a debt-to-equity ratio of 0.24. The business’s 50 day simple moving average is $6.13 and its 200 day simple moving average is $5.93. The company has a market cap of $2.01 billion, a price-to-earnings ratio of 135.93 and a beta of 1.06.

Sandstorm Gold (NYSE:SAND) last posted its quarterly earnings data on Tuesday, February 18th. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.04 by ($0.03). Sandstorm Gold had a net margin of 8.11% and a return on equity of 0.98%. The firm had revenue of $47.40 million during the quarter, compared to analysts’ expectations of $67.49 million. During the same quarter in the previous year, the company posted ($0.04) EPS. Sell-side analysts forecast that Sandstorm Gold Ltd. will post 0.18 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on SAND shares. Scotiabank boosted their target price on Sandstorm Gold from $6.75 to $7.25 and gave the stock a “sector perform” rating in a research note on Thursday, February 27th. StockNews.com upgraded Sandstorm Gold from a “hold” rating to a “buy” rating in a research note on Wednesday, February 26th. Finally, HC Wainwright cut their target price on Sandstorm Gold from $12.00 to $11.50 and set a “buy” rating on the stock in a research note on Wednesday, February 19th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $8.56.

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.