Helikon Investments Ltd Takes $6.77 Million Position in Sandstorm Gold Ltd. (NYSE:SAND)

Helikon Investments Ltd bought a new stake in shares of Sandstorm Gold Ltd. (NYSE:SAND) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,289,779 shares of the company’s stock, valued at approximately $6,771,000. Sandstorm Gold makes up approximately 0.6% of Helikon Investments Ltd’s investment portfolio, making the stock its 12th largest holding. Helikon Investments Ltd owned 0.43% of Sandstorm Gold at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the business. Principal Securities Inc. acquired a new stake in shares of Sandstorm Gold in the 4th quarter valued at about $25,000. Creekmur Asset Management LLC acquired a new stake in Sandstorm Gold in the fourth quarter valued at approximately $39,000. Van Hulzen Asset Management LLC bought a new stake in shares of Sandstorm Gold during the fourth quarter valued at approximately $50,000. Anchor Investment Management LLC bought a new position in shares of Sandstorm Gold in the 4th quarter worth $53,000. Finally, Oxford Asset Management LLP bought a new position in shares of Sandstorm Gold in the 4th quarter worth $53,000. Institutional investors and hedge funds own 51.97% of the company’s stock.

Sandstorm Gold Stock Up 1.8 %

Shares of SAND stock traded up $0.09 on Tuesday, hitting $5.50. The stock had a trading volume of 1,725,466 shares, compared to its average volume of 2,281,699. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.26 and a quick ratio of 2.26. The business has a 50 day moving average of $5.58 and a 200 day moving average of $5.09. Sandstorm Gold Ltd. has a 12-month low of $3.96 and a 12-month high of $6.07. The stock has a market cap of $1.64 billion, a price-to-earnings ratio of 68.70 and a beta of 1.13.

Sandstorm Gold (NYSE:SAND) last posted its earnings results on Thursday, May 2nd. The company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.02). The firm had revenue of $42.81 million for the quarter, compared to the consensus estimate of $42.80 million. Sandstorm Gold had a return on equity of 1.52% and a net margin of 12.24%. As a group, analysts expect that Sandstorm Gold Ltd. will post 0.08 EPS for the current year.

Sandstorm Gold Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 26th. Investors of record on Tuesday, July 16th will be given a dividend of $0.0146 per share. The ex-dividend date of this dividend is Tuesday, July 16th. This represents a $0.06 annualized dividend and a yield of 1.06%. Sandstorm Gold’s payout ratio is currently 75.01%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Scotiabank raised their price objective on shares of Sandstorm Gold from $6.25 to $6.50 and gave the company a “sector perform” rating in a research note on Thursday, May 23rd. HC Wainwright reaffirmed a “buy” rating and issued a $11.00 price target on shares of Sandstorm Gold in a research report on Monday, May 6th.

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.