Louisbourg Investments Inc. Boosts Stake in Sandstorm Gold Ltd. (NYSE:SAND)

Louisbourg Investments Inc. lifted its position in shares of Sandstorm Gold Ltd. (NYSE:SAND) by 17.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 728,182 shares of the company’s stock after purchasing an additional 108,000 shares during the quarter. Louisbourg Investments Inc. owned about 0.25% of Sandstorm Gold worth $4,071,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in SAND. Allworth Financial LP purchased a new position in Sandstorm Gold during the third quarter valued at $60,000. JTC Employer Solutions Trustee Ltd bought a new position in shares of Sandstorm Gold in the 4th quarter worth about $72,000. Walleye Trading LLC purchased a new position in Sandstorm Gold during the 3rd quarter valued at about $85,000. Fiduciary Family Office LLC bought a new stake in Sandstorm Gold during the fourth quarter worth about $93,000. Finally, Fiduciary Alliance LLC grew its holdings in Sandstorm Gold by 119.4% in the fourth quarter. Fiduciary Alliance LLC now owns 22,735 shares of the company’s stock worth $127,000 after purchasing an additional 12,375 shares during the period. 51.97% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. HC Wainwright lifted their target price on shares of Sandstorm Gold from $11.50 to $12.00 and gave the company a “buy” rating in a report on Monday, November 11th. StockNews.com upgraded Sandstorm Gold from a “hold” rating to a “buy” rating in a research note on Wednesday, February 5th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Sandstorm Gold currently has a consensus rating of “Moderate Buy” and a consensus price target of $8.50.

Sandstorm Gold Stock Down 0.4 %

Shares of Sandstorm Gold stock opened at $6.46 on Wednesday. The company has a 50-day simple moving average of $5.73 and a two-hundred day simple moving average of $5.77. The stock has a market capitalization of $1.91 billion, a PE ratio of 53.80 and a beta of 1.10. Sandstorm Gold Ltd. has a 52-week low of $3.96 and a 52-week high of $6.53. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.29 and a current ratio of 2.29.

Sandstorm Gold Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Tuesday, January 21st were paid a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a yield of 1.24%. This is an increase from Sandstorm Gold’s previous quarterly dividend of $0.02. The ex-dividend date of this dividend was Tuesday, January 21st. Sandstorm Gold’s dividend payout ratio (DPR) is currently 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.