Commerzbank Aktiengesellschaft FI Acquires 38,133 Shares of Sandstorm Gold Ltd (SAND)

Commerzbank Aktiengesellschaft FI lifted its holdings in shares of Sandstorm Gold Ltd (NASDAQ:SAND) (TSE:SSL) by 143.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 64,634 shares of the company’s stock after acquiring an additional 38,133 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in Sandstorm Gold were worth $250,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Swiss National Bank increased its position in shares of Sandstorm Gold by 22.1% during the second quarter. Swiss National Bank now owns 304,062 shares of the company’s stock worth $1,175,000 after acquiring an additional 55,000 shares in the last quarter. Royce & Associates LP increased its position in shares of Sandstorm Gold by 111.8% during the second quarter. Royce & Associates LP now owns 306,500 shares of the company’s stock worth $1,186,000 after acquiring an additional 161,800 shares in the last quarter. Cidel Asset Management Inc. increased its position in shares of Sandstorm Gold by 0.3% during the second quarter. Cidel Asset Management Inc. now owns 182,200 shares of the company’s stock worth $703,000 after acquiring an additional 600 shares in the last quarter. Alps Advisors Inc. increased its position in shares of Sandstorm Gold by 12.9% during the second quarter. Alps Advisors Inc. now owns 1,354,268 shares of the company’s stock worth $5,241,000 after acquiring an additional 154,399 shares in the last quarter. Finally, TD Asset Management Inc. increased its position in shares of Sandstorm Gold by 2.4% during the second quarter. TD Asset Management Inc. now owns 588,700 shares of the company’s stock worth $2,271,000 after acquiring an additional 13,600 shares in the last quarter.

Shares of Sandstorm Gold Ltd (NASDAQ SAND) opened at 4.84 on Wednesday. The stock’s 50 day moving average is $4.39 and its 200 day moving average is $4.06. The company has a market capitalization of $893.05 million and a P/E ratio of 63.68. Sandstorm Gold Ltd has a 52-week low of $3.18 and a 52-week high of $6.49.

Sandstorm Gold (NASDAQ:SAND) (TSE:SSL) last issued its quarterly earnings results on Thursday, August 3rd. The company reported $0.01 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.01. The business had revenue of $16.07 million during the quarter, compared to the consensus estimate of $18.00 million. Equities analysts expect that Sandstorm Gold Ltd will post $0.06 EPS for the current year.

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Several research firms have recently commented on SAND. Zacks Investment Research downgraded shares of Sandstorm Gold from a “buy” rating to a “hold” rating in a research report on Tuesday, July 11th. Raymond James Financial, Inc. reissued an “outperform” rating and set a $6.00 target price on shares of Sandstorm Gold in a research report on Friday, July 14th. Royal Bank Of Canada raised shares of Sandstorm Gold from a “sector perform” rating to an “outperform” rating in a research report on Monday, July 10th. CIBC downgraded shares of Sandstorm Gold from a “sector outperform” rating to a “sector perform” rating in a research report on Wednesday, June 21st. Finally, Scotiabank set a $6.00 target price on shares of Sandstorm Gold and gave the stock an “outperform” rating in a research report on Friday, June 16th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company. Sandstorm Gold has a consensus rating of “Buy” and a consensus price target of $5.42.

Sandstorm Gold Profile

Sandstorm Gold Ltd is a Canada-based company engaged in providing financing to mining companies. The Company focuses on acquiring gold and other metal purchase agreements (Gold Streams or Silver Streams), and royalties from companies that have advanced stage development projects or operating mines. The Company operates in the segments of Bachelor Lake, Black Fox, Chapada Santa Elena, Yamana Silver Stream, Chapada, Diavik Mine, Other Royalties, Other and Corporate.

Institutional Ownership by Quarter for Sandstorm Gold (NASDAQ:SAND)

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