Brighton Jones LLC Invests $99,000 in Sandstorm Gold Ltd. (NYSE:SAND)

Brighton Jones LLC bought a new stake in shares of Sandstorm Gold Ltd. (NYSE:SAND) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 19,737 shares of the company’s stock, valued at approximately $99,000.

Several other hedge funds also recently added to or reduced their stakes in SAND. Sequoia Financial Advisors LLC purchased a new stake in Sandstorm Gold in the 3rd quarter worth approximately $47,000. Anchor Investment Management LLC purchased a new stake in Sandstorm Gold during the fourth quarter worth $53,000. Money Concepts Capital Corp purchased a new stake in Sandstorm Gold during the third quarter worth $58,000. Rathbones Group PLC acquired a new stake in Sandstorm Gold during the third quarter valued at $69,000. Finally, Dubuque Bank & Trust Co increased its holdings in Sandstorm Gold by 33.3% in the third quarter. Dubuque Bank & Trust Co now owns 16,000 shares of the company’s stock valued at $75,000 after buying an additional 4,000 shares in the last quarter. 51.97% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Scotiabank lowered 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 research note on Thursday, April 18th.

Sandstorm Gold Price Performance

Sandstorm Gold stock opened at $5.43 on Friday. The stock has a market capitalization of $1.62 billion, a P/E ratio of 67.88 and a beta of 1.08. The company’s fifty day moving average price is $5.09 and its 200 day moving average price is $4.84. The company has a debt-to-equity ratio of 0.30, a quick ratio of 3.32 and a current ratio of 3.32. Sandstorm Gold Ltd. has a 1 year low of $3.96 and a 1 year high of $6.24.

Sandstorm Gold (NYSE:SAND) last announced its earnings results on Thursday, February 15th. The company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.06. The business had revenue of $44.50 million for the quarter, compared to analyst estimates of $46.30 million. Sandstorm Gold had a net margin of 12.24% and a return on equity of 1.52%. As a group, equities research analysts anticipate that Sandstorm Gold Ltd. will post 0.09 earnings per share for the current fiscal year.

Sandstorm Gold Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 26th. Shareholders of record on Tuesday, April 16th were paid a dividend of $0.0147 per share. The ex-dividend date of this dividend was Monday, April 15th. This represents a $0.06 annualized dividend and a yield of 1.08%. Sandstorm Gold’s dividend payout ratio (DPR) is currently 37.50%.

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.