C WorldWide Group Holding A S Sells 88,954 Shares of Sandstorm Gold Ltd. (NYSE:SAND)

C WorldWide Group Holding A S lowered its holdings in shares of Sandstorm Gold Ltd. (NYSE:SAND) by 19.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 361,812 shares of the company’s stock after selling 88,954 shares during the quarter. C WorldWide Group Holding A S owned about 0.12% of Sandstorm Gold worth $1,820,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of SAND. Sequoia Financial Advisors LLC bought a new position in shares of Sandstorm Gold during the 3rd quarter valued at $47,000. Anchor Investment Management LLC bought a new position in Sandstorm Gold in the 4th quarter worth $53,000. Money Concepts Capital Corp bought a new position in Sandstorm Gold in the 3rd quarter worth $58,000. Rathbones Group PLC bought a new position in Sandstorm Gold in the 3rd quarter worth $69,000. Finally, Dubuque Bank & Trust Co raised its holdings in Sandstorm Gold by 33.3% in the 3rd quarter. Dubuque Bank & Trust Co now owns 16,000 shares of the company’s stock worth $75,000 after acquiring an additional 4,000 shares during the period. Institutional investors own 51.97% of the company’s stock.

Sandstorm Gold Stock Performance

NYSE SAND traded up $0.14 during midday trading on Friday, hitting $5.63. The company had a trading volume of 2,314,363 shares, compared to its average volume of 2,914,587. The company has a quick ratio of 3.32, a current ratio of 3.32 and a debt-to-equity ratio of 0.30. The stock has a market cap of $1.68 billion, a price-to-earnings ratio of 40.25 and a beta of 1.10. The firm has a fifty day simple moving average of $4.95 and a two-hundred day simple moving average of $4.81. Sandstorm Gold Ltd. has a fifty-two week low of $3.96 and a fifty-two week high of $6.24.

Sandstorm Gold (NYSE:SAND) last posted its quarterly earnings results on Thursday, February 15th. The company reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.06. The company had revenue of $44.50 million for the quarter, compared to analyst estimates of $46.30 million. Sandstorm Gold had a net margin of 23.22% and a return on equity of 2.89%. Equities analysts forecast that Sandstorm Gold Ltd. will post 0.09 earnings per share for the current fiscal year.

Sandstorm Gold Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 26th. Shareholders of record on Tuesday, April 16th were given a $0.0147 dividend. The ex-dividend date was Monday, April 15th. This represents a $0.06 annualized dividend and a yield of 1.04%. Sandstorm Gold’s dividend payout ratio is 21.43%.

Analysts Set New Price Targets

Separately, Scotiabank dropped their target price on shares of Sandstorm Gold from $6.50 to $6.25 and set a “sector perform” rating on the stock in a report on Thursday, April 18th.

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.