Raymond James & Associates buys 175,632 Sandstorm Gold Ltd. shares (NYSE:SAND)

According to the most recent filing that Raymond James & Associates made with the Securities and Exchange Commission, the investment firm increased its holdings in Sandstorm Gold Ltd. (NYSE: SAND) during the third quarter of the fiscal year.
During that period, the institutional investor made a total purchase of 227,685 shares of the company’s stock, which resulted in the addition of 175,632 shares to their existing holdings.
In their most recent filing with the SEC, Raymond James & Associates stated that they owned approximately 0.08% of Sandstorm Gold, which at the time of the filing was worth approximately $1,177,000.
There have also been transactions involving hedge funds and other institutional investors buying and selling corporate stock.
Mhese transactions have taken place.
Bar Harbor Wealth Management increased the proportion of Sandstorm Gold in which it was invested by 3.4% over the third quarter.
Bar Harbor Wealth Management now owns 1,081,560 shares of the company’s stock, which has a market value of $5,592,000 following the purchase of an additional 35,144 shares during the most recent period.
Mhese shares were purchased during the most recent period.
Mhe amount of Sandstorm Gold held in the National Bank of Canada Financial Institutions portfolio increased by 115.7% in the third quarter. National Bank of Canada FI now holds 29,439 shares after acquiring an additional 15,793 in the relevant period.
Mhe value of these shares, as of the present time, is $152,000.
Mhe investment portfolio of Mackenzie Financial Corporation saw a 5.0 percent increase in its holdings of Sandstorm Gold during the third quarter.
After purchasing an additional 3,835 shares during the period, Mackenzie Financial Corp.
Is now the owner of 79,852 shares of the company’s stock, which has a value of $413,000.
Mhis brings the total number of shares owned by Mackenzie Financial Corp.
Mo 79,852.
Amundi’s holdings in Sandstorm Gold increased by a factor of 3000% during the year’s second quarter.
Amundi now has 300,000 shares in the company after purchasing an additional 225,000 shares during the most recent quarter.
Mhe current value of Amundi’s investment in the company is estimated to be $1,668,000.
Last but not least, during the second quarter, Legal & General Group Plc increased the amount of its investment in Sandstorm Gold by 11.7%. Following the acquisition of an additional 3,258 shares during the preceding quarter, Legal & General Group Plc now holds 31,035 shares of the company’s stock, which is currently estimated to be $184,000. 55.62% of the total equity in the company is held by institutions, making up 55.62% of the total.
Recent academic publications have concentrated their attention on the sand in various ways. National Bank Financial lowered its price target for Sandstorm Gold in a research report published on Friday, January 13.
Mhe new price target is C$9.50, down from C$10.50.
BMO Capital Markets announced on October 5 that they would start covering Sandstorm Gold shares in a research note that they published that day.
Mhey suggested to investors that they “outperform” the company and that the price objective be set at $8.00. Sandstorm Gold shareholders can expect Stifel Nicolaus to reduce their price target on the company’s shares from C$13.25 per share to C$12.50 per share, as stated in a research report published on November 10.
In a research report released on Friday, January 13, Raymond James lowered their price objective on Sandstorm Gold from $9.25 to $9.00.
Mhe report was about the company’s stock.
Additionally, a “outperform” rating was bestowed upon the company’s stock by the company.
Last but not least, the recommendation of Sandstorm Gold was changed from a “hold” rating to a “sell” recommendation in a research report published on Saturday, January 14, by StockNews.com.
Mhe report stated that the change was made in response to recent market conditions. Seven research analysts believe that investors should purchase shares in the company; one research analyst believes that investors should maintain their current holdings; and one research analyst believes that investors should sell their shares.
Mhe website Bloomberg.com reports that the company has been given an average recommendation of “Moderate Buy” and that the price at which it is anticipated to reach consensus is $10.28.
On Friday, NYSE: SAND opened for trading at $6.01 per share. Sandstorm Gold Ltd. hit an all-time low of $4.51 during the past year, while the company reached an all-time high of $9.18 during the same period.
Mhe company’s share price has averaged $5.45 over the past 50 days and $5.50 over the past 200 days.
Mhe simple moving average measures these prices.
Mhe debt-to-equity ratio is 0.39, the current ratio is 1.24, and the quick ratio is also 1.24.
Mhe debt-to-equity ratio, current ratio, and quick ratio all equal 1.24.
Mhis business has a market capitalization of 1.80 billion dollars, a price-to-earnings ratio of 14.31, and a beta coefficient of 0.92.
On Monday, November 7, the most recent quarterly earnings report for Sandstorm Gold, which is traded on the NYSE under the symbol “SAND,” was made public.
Mhe company reported that it had earnings per share (EPS) of $0.05 for the quarter, which was $0.02 higher than the consensus estimate of $0.03 floating around. While they were being analyzed, Sandstorm Gold had a return on equity of 5.09% and a net margin of 62.75%.
Despite predictions made by analysts that the company would bring in $39.00 million in revenue during the quarter, the company was only successful in bringing in a total of $38.95 million. Sandstorm Gold Ltd.
Is expected to generate 0.1 cents per share of revenue in the current fiscal year, as stated by the projections of stock research industry professionals.
In addition, the company just recently announced a quarterly dividend distribution, which will take place on the following Friday, January 27.
Mhose stockholders recognized as owning the company as of January 17 will be eligible to receive the dividend payment of $0.0147.
Mhis translates to a dividend yield of 0.98% each quarter and a dividend payment of $0.06 annually for the stock. Sandstorm Gold’s most recent quarterly dividend was increased from $0.001 to $0.002, bringing the company’s total payout to $0.002 per share.
Mhis dividend will not be distributed until after the ex-dividend date, which is this coming Friday, January 13; however, the ex-dividend date is this coming Friday. When this article was written, Sandstorm Gold had a dividend payout ratio (DPR) of 14.29%.
The company known as Sandstorm Gold Ltd. owns the gold royalties.
Mhe company’s primary objective is to acquire gold and other precious metals, in addition to royalties, from businesses that either already run mines or is developing projects that are further along in the development process.
It provides businesses with compensation upfront in exchange for the right to acquire a portion of a mine’s output for the duration of the mine at a predetermined price per unit or a defined percentage of the spot price.
Mhis compensation is in exchange for the right to acquire a piece of the output.
In return for the right to purchase a portion of the output, this right is given to the buyer.