Sandstorm Gold Ltd $SAND Shares Sold by Olympiad Research LP

Olympiad Research LP lessened its stake in shares of Sandstorm Gold Ltd (NYSE:SAND) by 42.6% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 14,957 shares of the company’s stock after selling 11,085 shares during the quarter. Olympiad Research LP’s holdings in Sandstorm Gold were worth $141,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Farther Finance Advisors LLC increased its position in Sandstorm Gold by 181.8% during the 2nd 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 in the last quarter. Keybank National Association OH purchased a new stake in shares of Sandstorm Gold during the second quarter worth about $102,000. Venture Visionary Partners LLC acquired a new position in shares of Sandstorm Gold in the first quarter valued at approximately $91,000. Burford Brothers Inc. purchased a new position in shares of Sandstorm Gold during the second quarter valued at approximately $117,000. Finally, Y Intercept Hong Kong Ltd acquired a new stake in Sandstorm Gold during the second quarter worth approximately $132,000. 51.97% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on SAND shares. Stifel Canada cut Sandstorm Gold from a “strong-buy” rating to a “hold” rating in a report on Monday, July 21st. Weiss Ratings reissued a “hold (c+)” rating on shares of Sandstorm Gold in a research note on Tuesday, October 14th. Four research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Sandstorm Gold has an average rating of “Hold” and an average price target of $10.15.

Sandstorm Gold Trading Down 5.8%

Shares of SAND opened at $12.16 on Friday. Sandstorm Gold Ltd has a 12 month low of $5.33 and a 12 month high of $13.09. The stock’s 50-day moving average is $12.15 and its two-hundred day moving average is $10.45. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.40 and a quick ratio of 2.40. The stock has a market cap of $3.59 billion, a PE ratio of 101.29 and a beta of 0.51.

Sandstorm Gold Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 7th. Stockholders of record on Friday, September 26th were paid a dividend of $0.02 per share. The ex-dividend date was Friday, September 26th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.7%. Sandstorm Gold’s dividend payout ratio (DPR) is currently 41.67%.

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.