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

Toronto Dominion Bank decreased its holdings in Sandstorm Gold Ltd. (NYSE:SAND) by 6.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm 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.

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

Wall Street Analyst Weigh In

Several research analysts recently weighed in on SAND shares. HC Wainwright increased their target price on Sandstorm Gold from $11.50 to $12.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Royal Bank of Canada reduced their price objective on Sandstorm Gold from $6.50 to $6.00 and set an “outperform” rating on the stock 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 equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, Sandstorm Gold presently has an average rating of “Hold” and a consensus price target of $8.50.

Sandstorm Gold Trading Down 0.3 %

Shares of SAND opened at $5.61 on Tuesday. Sandstorm Gold Ltd. has a 12 month low of $3.96 and a 12 month high of $6.50. The stock’s 50-day moving average is $5.85 and its two-hundred day 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 stock has a market cap of $1.66 billion, a PE ratio of 46.71 and a beta of 1.11.

Sandstorm Gold (NYSE:SAND) last released its quarterly earnings results on Thursday, November 7th. The company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.03 by ($0.01). Sandstorm Gold had a return on equity of 2.44% and a net margin of 20.46%. The company had revenue of $44.70 million for the quarter, compared to analyst estimates of $44.70 million. Equities analysts forecast that Sandstorm Gold Ltd. will post 0.09 earnings per share for the current fiscal year.

Sandstorm Gold Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 25th. Stockholders of record on Tuesday, October 15th were paid a $0.015 dividend. The ex-dividend date of this dividend was Tuesday, October 15th. This is an increase from Sandstorm Gold’s previous quarterly dividend of $0.01. This represents a $0.06 annualized dividend and a dividend yield of 1.07%. Sandstorm Gold’s dividend payout ratio is 50.00%.

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.