Spark Investment Management LLC Buys New Shares in Sandstorm Gold Ltd $SAND

Spark Investment Management LLC purchased a new stake in shares of Sandstorm Gold Ltd (NYSE:SAND) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 111,000 shares of the company’s stock, valued at approximately $1,045,000. Sandstorm Gold comprises about 2.9% of Spark Investment Management LLC’s portfolio, making the stock its 11th biggest holding.

Other large investors have also recently bought and sold shares of the company. Creative Planning lifted its stake in shares of Sandstorm Gold by 6.9% in the 2nd quarter. Creative Planning now owns 25,671 shares of the company’s stock valued at $241,000 after purchasing an additional 1,646 shares during the period. Farther Finance Advisors LLC increased 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 worth $29,000 after purchasing an additional 2,000 shares in the last quarter. American Century Companies Inc. increased its holdings in Sandstorm Gold by 2.4% in the first quarter. American Century Companies Inc. now owns 170,389 shares of the company’s stock worth $1,283,000 after purchasing an additional 3,921 shares in the last quarter. Vanguard Personalized Indexing Management LLC lifted its stake 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 valued at $228,000 after buying an additional 4,517 shares during the period. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Sandstorm Gold by 43.8% during the 1st quarter. Bank of New York Mellon Corp now owns 19,989 shares of the company’s stock worth $151,000 after buying an additional 6,092 shares in the last quarter. 51.97% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated 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 assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $10.15.

Sandstorm Gold Stock Down 5.8%

Shares of NYSE:SAND opened at $12.16 on Wednesday. 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 Ltd has a 52-week low of $5.33 and a 52-week high of $13.09. The business’s 50 day simple moving average is $12.18 and its two-hundred day simple moving average is $10.53. The firm has a market cap of $3.59 billion, a P/E ratio of 101.29 and a beta of 0.51.

Sandstorm Gold Dividend Announcement

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

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.