The Oceania Times

Top Menu

  • About us
  • Contact Us
  • Cookie Policy
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions

Main Menu

  • Australian Economy
  • Brokers
  • Commodities
  • Currencies
  • Financial Market
  • Gold and Precious Metals
  • Investment
  • Stock Shares
  • About us
  • Contact Us
  • Cookie Policy
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions

logo

The Oceania Times

  • Australian Economy
  • Brokers
  • Commodities
  • Currencies
  • Financial Market
  • Gold and Precious Metals
  • Investment
  • Stock Shares
  • Gold holds tight range as Fed verdict nears

  • DCG-owed crypto exchange Luno replaces CEO, seeks outside investment

  • Don’t fall victim to ESG investment ‘scam’ – Chico Enterprise-Record

  • Telemus Capital LLC Buys New Shares in Wintrust Financial Co. (NASDAQ:WTFC)

  • Investors Trade Cautiously Ahead of Pivotal Fed Decision

Gold and Precious Metals
Home›Gold and Precious Metals›Raymond James & Associates buys 175,632 Sandstorm Gold Ltd. shares (NYSE:SAND)

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

By Megan
January 29, 2023
30
0
Share:

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.

Source link

Previous Article

China to boost economic rebound, stabilize foreign ...

Next Article

“World first” solar methanol plant to feed ...

0
Shares
  • 0
  • +
  • 0
  • 0
  • 0
  • 0

Megan

Related articles More from author

  • Gold and Precious Metals

    11 Best Mineral Stocks To Buy Now

    November 1, 2022
    By Megan
  • Gold and Precious Metals

    Romios Gold Resources’ Copper Porphyry Discovery Hallmarks 2023 Campaign Plan, CEO says

    November 23, 2022
    By Megan
  • Gold and Precious Metals

    Trading and Investing Not Hurt by Economic Slowdown

    June 25, 2022
    By Megan
  • Gold and Precious Metals

    Gold has a path to $2,000 and silver to $25 in the second half of 2023 – Bank of America

    November 30, 2022
    By Megan
  • Gold and Precious Metals

    Gold Or Silver: A Guide To Buying Precious Metals

    January 23, 2023
    By Megan
  • Gold and Precious Metals

    IPMB Introduces the First Ever Vertically Integrated Physical Gold Backed NFT.

    September 24, 2022
    By Megan

Leave a reply Cancel reply

You may interested

  • Financial Market

    FM Sitharaman responds to SC concerns on Adani crisis: ‘RBI on toes…’

  • Stock Shares

    AMC shareholders sue company over vote to add shares

  • Brokers

    National Bank Financial Brokers Lower Earnings Estimates for Ero Copper Corp. (TSE:ERO)

  • LATEST REVIEWS

  • TOP REVIEWS

Timeline

  • March 22, 2023

    Gold holds tight range as Fed verdict nears

  • March 22, 2023

    DCG-owed crypto exchange Luno replaces CEO, seeks outside investment

  • March 22, 2023

    Don’t fall victim to ESG investment ‘scam’ – Chico Enterprise-Record

  • March 22, 2023

    Telemus Capital LLC Buys New Shares in Wintrust Financial Co. (NASDAQ:WTFC)

  • March 22, 2023

    Investors Trade Cautiously Ahead of Pivotal Fed Decision

Best Reviews

Latest News

Commodities

Gold holds tight range as Fed verdict nears

Fed statement due at 1800 GMT A hawkish Fed could see gold decline – analyst Swiss gold exports to China, India rebound March 22 (Reuters) – Gold prices ticked higher ...
  • DCG-owed crypto exchange Luno replaces CEO, seeks outside investment

    By Megan
    March 22, 2023
  • Don’t fall victim to ESG investment ‘scam’ – Chico Enterprise-Record

    By Megan
    March 22, 2023
  • Telemus Capital LLC Buys New Shares in Wintrust Financial Co. (NASDAQ:WTFC)

    By Megan
    March 22, 2023
  • Investors Trade Cautiously Ahead of Pivotal Fed Decision

    By Megan
    March 22, 2023
  • Recent

  • Popular

  • Comments

  • Gold holds tight range as Fed verdict nears

    By Megan
    March 22, 2023
  • DCG-owed crypto exchange Luno replaces CEO, seeks outside investment

    By Megan
    March 22, 2023
  • Don’t fall victim to ESG investment ‘scam’ – Chico Enterprise-Record

    By Megan
    March 22, 2023
  • Telemus Capital LLC Buys New Shares in Wintrust Financial Co. (NASDAQ:WTFC)

    By Megan
    March 22, 2023
  • Gold holds tight range as Fed verdict nears

    By Megan
    March 22, 2023
  • Australia’s economy: boom or bust?

    By Megan
    September 9, 2019
  • Australian economy suffers virus symptoms

    By Megan
    February 10, 2020
  • Australian economy likely already slowing in Q2 before Delta downturn

    By Megan
    August 30, 2021

Trending News

  • Commodities

    Gold holds tight range as Fed verdict nears

    Fed statement due at 1800 GMT A hawkish Fed could see gold decline – analyst Swiss gold exports to China, India rebound March 22 (Reuters) – Gold prices ticked higher ...
  • Investment

    DCG-owed crypto exchange Luno replaces CEO, seeks outside investment

    DCG, Luno’s parent company, has been grappling with the ongoing fallout from last year’s plunge in token prices and the collapse of FTX. Rafael Henrique | Sopa Images | Lightrocket ...
  • Investment

    Don’t fall victim to ESG investment ‘scam’ – Chico Enterprise-Record

    Last month I received the CalPERS Membership newsletter, in which the CEO and the board stated ESG would be a qualifier for investing in companies. Congress recently passed, on a ...
  • Stock Shares

    Telemus Capital LLC Buys New Shares in Wintrust Financial Co. (NASDAQ:WTFC)

    Telemus Capital LLC acquired a new position in shares of Wintrust Financial Co. (NASDAQ:WTFC – Get Rating) during the 4th quarter, according to the company in its most recent 13F ...
  • Financial Market

    Investors Trade Cautiously Ahead of Pivotal Fed Decision

    Reeling from the collapse of banks that prompted intervention from authorities around the world and generated violent swings in financial markets, investors, analysts and economists are sure of nothing ahead ...
  • About us
  • Contact Us
  • Cookie Policy
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© Copyright The Oceania Times. All rights reserved.

SUBSCRIBE TO OUR NEWSLETTER

Get our latest downloads and information first. Complete the form below to subscribe to our weekly newsletter.