Bar Harbor Wealth Management Decreases Holdings in Sandstorm Gold Ltd. (NYSE:SAND)

Bar Harbor Wealth Management lessened its stake in Sandstorm Gold Ltd. (NYSE:SAND) by 0.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,127,834 shares of the company’s stock after selling 2,403 shares during the period. Bar Harbor Wealth Management owned about 0.38% of Sandstorm Gold worth $6,293,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Private Advisor Group LLC raised its holdings in shares of Sandstorm Gold by 2.2% during the third quarter. Private Advisor Group LLC now owns 314,963 shares of the company’s stock valued at $1,890,000 after purchasing an additional 6,669 shares during the last quarter. Stansberry Asset Management LLC increased its stake in Sandstorm Gold by 17.1% during the third quarter. Stansberry Asset Management LLC now owns 46,569 shares of the company’s stock worth $279,000 after acquiring an additional 6,817 shares during the last quarter. Geode Capital Management LLC lifted its stake in Sandstorm Gold by 7.5% in the third quarter. Geode Capital Management LLC now owns 125,681 shares of the company’s stock worth $757,000 after purchasing an additional 8,728 shares during the last quarter. Allworth Financial LP purchased a new stake in Sandstorm Gold in the 3rd quarter valued at about $60,000. Finally, Aigen Investment Management LP raised its holdings in shares of Sandstorm Gold by 32.4% in the 3rd quarter. Aigen Investment Management LP now owns 42,385 shares of the company’s stock valued at $254,000 after purchasing an additional 10,363 shares in the last quarter. Hedge funds and other institutional investors own 51.97% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on SAND shares. StockNews.com downgraded Sandstorm Gold from a “buy” rating to a “hold” rating in a research report on Thursday, November 14th. HC Wainwright lifted their price objective on shares of Sandstorm Gold from $11.50 to $12.00 and gave the company a “buy” rating in a report on Monday, November 11th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $8.50.

Sandstorm Gold Price Performance

Sandstorm Gold stock traded down $0.11 during mid-day trading on Monday, hitting $5.54. 4,246,335 shares of the company were exchanged, compared to its average volume of 4,444,348. The company has a market capitalization of $1.64 billion, a P/E ratio of 46.17 and a beta of 1.10. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.29 and a quick ratio of 2.29. The business’s 50 day simple moving average is $5.67 and its two-hundred day simple moving average is $5.73. Sandstorm Gold Ltd. has a 12-month low of $3.96 and a 12-month high of $6.50.

Sandstorm Gold (NYSE:SAND) last released its quarterly earnings data on Thursday, November 7th. The company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.01). Sandstorm Gold had a net margin of 20.46% and a return on equity of 2.44%. The firm had revenue of $44.70 million during the quarter, compared to analyst estimates of $44.70 million. Analysts forecast that Sandstorm Gold Ltd. will post 0.09 earnings per share for the current fiscal year.

Sandstorm Gold Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Tuesday, January 21st will be issued a $0.02 dividend. This is a positive change from Sandstorm Gold’s previous quarterly dividend of $0.02. This represents a $0.08 annualized dividend and a yield of 1.44%. The ex-dividend date is Tuesday, January 21st. Sandstorm Gold’s payout ratio is currently 41.67%.

About Sandstorm Gold

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.