Morling Financial Advisors LLC Takes Position in Sandstorm Gold Ltd $SAND

Morling Financial Advisors LLC acquired a new stake in Sandstorm Gold Ltd (NYSE:SAND) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 24,500 shares of the company’s stock, valued at approximately $230,000.

Other institutional investors also recently added to or reduced their stakes in the company. XTX Topco Ltd raised its stake in shares of Sandstorm Gold by 107.9% during the 1st quarter. XTX Topco Ltd now owns 75,471 shares of the company’s stock worth $570,000 after buying an additional 39,172 shares in the last quarter. Bank of New York Mellon Corp grew 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 worth $151,000 after acquiring an additional 6,092 shares during the period. Cetera Investment Advisers grew its holdings in Sandstorm Gold by 140.2% during the first quarter. Cetera Investment Advisers now owns 25,590 shares of the company’s stock worth $193,000 after acquiring an additional 14,935 shares during the period. Vanguard Personalized Indexing Management LLC raised its position in Sandstorm Gold by 22.8% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 24,302 shares of the company’s stock worth $228,000 after acquiring an additional 4,517 shares in the last quarter. Finally, Farther Finance Advisors LLC lifted its holdings in Sandstorm Gold by 181.8% in the second quarter. Farther Finance Advisors LLC now owns 3,100 shares of the company’s stock valued at $29,000 after acquiring an additional 2,000 shares during the period. Hedge funds and other institutional investors own 51.97% of the company’s stock.

Sandstorm Gold Stock Performance

Shares of SAND stock opened at $12.16 on Wednesday. The stock has a fifty day moving average price of $12.18 and a 200 day moving average price of $10.53. The stock has a market cap of $3.59 billion, a PE ratio of 101.29 and a beta of 0.51. Sandstorm Gold Ltd has a 1 year low of $5.33 and a 1 year high of $13.09. The company has a debt-to-equity ratio of 0.22, a quick ratio of 2.40 and a current ratio of 2.40.

Sandstorm Gold Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 7th. Investors of record on Friday, September 26th were given a $0.02 dividend. The ex-dividend date was Friday, September 26th. This represents a $0.08 annualized dividend and a dividend yield of 0.7%. Sandstorm Gold’s payout ratio is currently 41.67%.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Sandstorm Gold in a research note on Tuesday, October 14th. Four analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target 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.