Cherry Tree Wealth Management LLC Lowers Stake in Sandstorm Gold Ltd. (NYSE:SAND)

Cherry Tree Wealth Management LLC trimmed its holdings in Sandstorm Gold Ltd. (NYSE:SAND) by 7.7% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 36,000 shares of the company’s stock after selling 3,000 shares during the period. Cherry Tree Wealth Management LLC’s holdings in Sandstorm Gold were worth $181,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in SAND. American Century Companies Inc. lifted its position in Sandstorm Gold by 1,787.2% during the 3rd quarter. American Century Companies Inc. now owns 1,049,830 shares of the company’s stock worth $4,893,000 after acquiring an additional 994,200 shares during the period. Van ECK Associates Corp grew its position in Sandstorm Gold by 2.3% in the 4th quarter. Van ECK Associates Corp now owns 28,838,800 shares of the company’s stock valued at $145,059,000 after buying an additional 657,177 shares during the last quarter. Deutsche Bank AG increased its stake in Sandstorm Gold by 1,510.2% in the 3rd quarter. Deutsche Bank AG now owns 205,161 shares of the company’s stock valued at $956,000 after buying an additional 192,420 shares during the period. Integrated Wealth Concepts LLC raised its position in Sandstorm Gold by 136.9% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 245,885 shares of the company’s stock worth $1,146,000 after buying an additional 142,095 shares during the last quarter. Finally, Citigroup Inc. lifted its stake in shares of Sandstorm Gold by 284.2% in the 3rd quarter. Citigroup Inc. now owns 130,124 shares of the company’s stock worth $611,000 after acquiring an additional 96,256 shares during the period. Institutional investors and hedge funds own 51.97% of the company’s stock.

Sandstorm Gold Price Performance

Shares of NYSE SAND traded down $0.01 during trading on Wednesday, hitting $5.61. 1,568,453 shares of the company were exchanged, compared to its average volume of 2,403,584. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.26 and a quick ratio of 2.26. Sandstorm Gold Ltd. has a 1 year low of $3.96 and a 1 year high of $6.16. The company has a market cap of $1.67 billion, a price-to-earnings ratio of 70.01 and a beta of 1.08. The firm’s fifty day moving average price is $5.15 and its 200 day moving average price is $4.85.

Sandstorm Gold (NYSE:SAND) last released its quarterly earnings data on Thursday, February 15th. The company reported $0.08 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.06. Sandstorm Gold had a net margin of 12.24% and a return on equity of 1.52%. The firm had revenue of $44.50 million for the quarter, compared to the consensus estimate of $46.30 million. On average, sell-side analysts expect that Sandstorm Gold Ltd. will post 0.09 earnings per share for the current fiscal year.

Sandstorm Gold Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 26th. Stockholders of record on Tuesday, April 16th were given a $0.0147 dividend. This represents a $0.06 dividend on an annualized basis and a dividend yield of 1.05%. The ex-dividend date of this dividend was Monday, April 15th. Sandstorm Gold’s dividend payout ratio is currently 37.50%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Scotiabank dropped their price target on shares of Sandstorm Gold from $6.50 to $6.25 and set a “sector perform” rating on the stock in a research note on Thursday, April 18th. HC Wainwright reiterated a “buy” rating and set a $11.00 target price on shares of Sandstorm Gold in a research report on Monday.

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.