Renaissance Technologies LLC Has $8.20 Million Holdings in Sandstorm Gold Ltd. (NYSE:SAND)

Renaissance Technologies LLC raised its position in shares of Sandstorm Gold Ltd. (NYSE:SAND) by 115.3% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 1,469,501 shares of the company’s stock after acquiring an additional 786,951 shares during the period. Renaissance Technologies LLC’s holdings in Sandstorm Gold were worth $8,200,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Lifeworks Advisors LLC acquired a new position in Sandstorm Gold in the fourth quarter worth $57,000. Meixler Investment Management Ltd. bought a new stake in Sandstorm Gold during the 4th quarter worth about $66,000. JTC Employer Solutions Trustee Ltd acquired a new stake in Sandstorm Gold in the 4th quarter valued at about $72,000. Bank of New York Mellon Corp raised its stake in shares of Sandstorm Gold by 21.0% in the fourth quarter. Bank of New York Mellon Corp now owns 13,897 shares of the company’s stock worth $78,000 after acquiring an additional 2,416 shares during the last quarter. Finally, Fiduciary Family Office LLC acquired a new position in shares of Sandstorm Gold during the fourth quarter worth approximately $93,000. Institutional investors own 51.97% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on SAND. Scotiabank boosted their price objective on shares of Sandstorm Gold from $7.25 to $8.25 and gave the stock a “sector perform” rating in a research report on Monday. HC Wainwright decreased their price target on Sandstorm Gold from $12.00 to $11.50 and set a “buy” rating on the stock in a report on Wednesday, February 19th. Royal Bank of Canada boosted their price objective on Sandstorm Gold from $6.50 to $7.00 and gave the stock an “outperform” rating in a report on Friday, April 4th. StockNews.com upgraded shares of Sandstorm Gold from a “hold” rating to a “buy” rating in a research report on Wednesday, February 26th. Finally, Raymond James restated an “outperform” rating on shares of Sandstorm Gold in a report on Friday, April 4th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Sandstorm Gold presently has an average rating of “Moderate Buy” and an average price target of $9.06.

Sandstorm Gold Stock Up 0.3 %

Shares of NYSE:SAND opened at $8.50 on Friday. The company has a 50 day moving average price of $6.86 and a two-hundred day moving average price of $6.17. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.29 and a current ratio of 1.95. The company has a market capitalization of $2.52 billion, a PE ratio of 169.93 and a beta of 0.90. Sandstorm Gold Ltd. has a 52 week low of $4.92 and a 52 week high of $8.69.

Sandstorm Gold (NYSE:SAND) last issued 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). The business had revenue of $47.40 million for the quarter, compared to analyst estimates of $67.49 million. Sandstorm Gold had a return on equity of 0.98% and a net margin of 8.11%. During the same period in the previous year, the business posted ($0.04) EPS. Analysts forecast that Sandstorm Gold Ltd. will post 0.18 earnings per share for the current year.

Sandstorm Gold Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Monday, April 14th will be given a dividend of $0.014 per share. This represents a $0.06 annualized dividend and a dividend yield of 0.66%. The ex-dividend date is Monday, April 14th. Sandstorm Gold’s dividend payout ratio is 100.00%.

About Sandstorm Gold

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.