According to Zacks, “Sandstorm Gold Ltd. is a gold streaming company engaged in providing upfront financing for gold mining companies. It focuses on completing gold purchase agreements with gold mining companies that have advanced stage development projects or operating mines. Sandstorm Gold Ltd. is headquartered in Vancouver, Canada. “
SAND has been the topic of a number of other reports. Canaccord Genuity raised Sandstorm Gold from a hold rating to a buy rating in a research report on Monday, October 3rd. BMO Capital Markets reissued a market perform rating and issued a $4.50 price objective on shares of Sandstorm Gold in a report on Friday, June 17th. TD Securities reissued a buy rating and issued a $9.50 price objective (up from $8.50) on shares of Sandstorm Gold in a report on Thursday, August 4th. Finally, CIBC raised Sandstorm Gold from a sector perform rating to a sector outperform rating in a report on Monday, July 11th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company. Sandstorm Gold presently has an average rating of Hold and an average price target of $7.44.
Hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. raised its stake in shares of Sandstorm Gold by 13.6% in the second quarter. Vanguard Group Inc. now owns 27,181 shares of the company’s stock valued at $122,000 after buying an additional 3,251 shares in the last quarter. OLD Mission Capital LLC bought a new position in shares of Sandstorm Gold during the second quarter worth approximately $208,000. Cambridge Investment Research Advisors Inc. increased its position in shares of Sandstorm Gold by 305.5% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 53,125 shares of the company’s stock worth $237,000 after buying an additional 40,025 shares during the last quarter. Royce & Associates LP bought a new position in shares of Sandstorm Gold during the second quarter worth approximately $289,000. Finally, Barclays PLC increased its position in shares of Sandstorm Gold by 168,471.4% in the second quarter. Barclays PLC now owns 94,400 shares of the company’s stock worth $421,000 after buying an additional 94,344 shares during the last quarter.
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