Ritholtz Wealth Management Invests $201,000 in Sandstorm Gold Ltd $SAND

Ritholtz Wealth Management purchased a new position in Sandstorm Gold Ltd (NYSE:SAND) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 21,433 shares of the company’s stock, valued at approximately $201,000.

Other institutional investors have also recently made changes to their positions in the company. Farther Finance Advisors LLC increased its holdings in shares of Sandstorm Gold by 181.8% in the second quarter. Farther Finance Advisors LLC now owns 3,100 shares of the company’s stock worth $29,000 after purchasing an additional 2,000 shares during the period. Venture Visionary Partners LLC bought a new position in shares of Sandstorm Gold in the first quarter worth $91,000. FORA Capital LLC bought a new position in shares of Sandstorm Gold in the first quarter worth $121,000. Bank of New York Mellon Corp increased its holdings in shares of Sandstorm Gold by 43.8% in the first quarter. Bank of New York Mellon Corp now owns 19,989 shares of the company’s stock worth $151,000 after purchasing an additional 6,092 shares during the period. Finally, Northwest & Ethical Investments L.P. grew its position in Sandstorm Gold by 175.3% in the first quarter. Northwest & Ethical Investments L.P. now owns 21,074 shares of the company’s stock worth $159,000 after acquiring an additional 13,420 shares in the last quarter. Institutional investors own 51.97% of the company’s stock.

Sandstorm Gold Stock Performance

NYSE SAND opened at $12.16 on Wednesday. The company has a 50-day simple moving average of $11.71 and a two-hundred day simple moving average of $9.93. The company has a quick ratio of 2.40, a current ratio of 2.40 and a debt-to-equity ratio of 0.22. Sandstorm Gold Ltd has a 12-month low of $5.33 and a 12-month high of $13.09. The firm has a market cap of $3.59 billion, a price-to-earnings ratio of 101.29 and a beta of 0.51.

Sandstorm Gold (NYSE:SAND) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.05 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.05. Sandstorm Gold had a net margin of 17.78% and a return on equity of 2.38%. The business had revenue of $51.42 million during the quarter, compared to analyst estimates of $68.43 million. On average, equities analysts forecast that Sandstorm Gold Ltd will post 0.18 EPS for the current year.

Sandstorm Gold Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 7th. Stockholders of record on Friday, September 26th were issued a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date was Friday, September 26th. Sandstorm Gold’s dividend payout ratio is currently 50.00%.

Analyst Ratings Changes

SAND has been the subject of several research reports. National Bankshares reiterated an “outperform” rating on shares of Sandstorm Gold in a research report on Tuesday, June 24th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Sandstorm Gold in a research report on Tuesday, October 14th. Stifel Canada lowered shares of Sandstorm Gold from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 21st. Finally, TD Securities lowered shares of Sandstorm Gold from a “buy” rating to a “sell” rating and set a $14.00 target price for the company. in a research report on Thursday, July 10th. Four research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $10.15.

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.