Arias Resource Capital GP Ltd. bought a new stake in Sandstorm Gold Ltd (NYSEAMERICAN:SAND) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 1,186,055 shares of the mining company’s stock, valued at approximately $5,925,000. Sandstorm Gold accounts for approximately 2.9% of Arias Resource Capital GP Ltd.’s holdings, making the stock its 2nd largest position.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Jane Street Group LLC lifted its stake in shares of Sandstorm Gold by 140.7% in the third quarter. Jane Street Group LLC now owns 324,129 shares of the mining company’s stock valued at $1,471,000 after buying an additional 189,454 shares during the period. Tower Research Capital LLC TRC raised its position in Sandstorm Gold by 283.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 29,524 shares of the mining company’s stock worth $185,000 after purchasing an additional 21,824 shares in the last quarter. Alps Advisors Inc. raised its position in Sandstorm Gold by 20.2% in the fourth quarter. Alps Advisors Inc. now owns 1,830,943 shares of the mining company’s stock worth $9,136,000 after purchasing an additional 307,390 shares in the last quarter. Scotia Capital Inc. raised its position in Sandstorm Gold by 7.7% in the fourth quarter. Scotia Capital Inc. now owns 663,479 shares of the mining company’s stock worth $3,294,000 after purchasing an additional 47,719 shares in the last quarter. Finally, Investec Asset Management LTD raised its position in Sandstorm Gold by 4.6% in the fourth quarter. Investec Asset Management LTD now owns 2,619,841 shares of the mining company’s stock worth $13,073,000 after purchasing an additional 116,152 shares in the last quarter.
Several research analysts recently issued reports on SAND shares. ValuEngine raised shares of Sandstorm Gold from a “sell” rating to a “hold” rating in a research report on Tuesday, November 14th. BMO Capital Markets set a $5.00 price target on shares of Sandstorm Gold and gave the stock a “hold” rating in a research report on Thursday, February 15th. Scotiabank increased their price target on shares of Sandstorm Gold from $6.00 to $7.00 and gave the stock an “outperform” rating in a research report on Thursday, December 21st. Finally, Zacks Investment Research lowered shares of Sandstorm Gold from a “buy” rating to a “hold” rating in a research report on Friday, February 23rd. One analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company’s stock. Sandstorm Gold has a consensus rating of “Hold” and an average price target of $5.75.
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Sandstorm Gold Company 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.
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