Shares of Sandstorm Gold Ltd (NYSEAMERICAN:SAND) have earned an average recommendation of “Buy” from the six research firms that are presently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $6.00.
A number of equities research analysts recently issued reports on SAND shares. Zacks Investment Research downgraded EXACT Sciences from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd. CIBC reiterated a “hold” rating on shares of Sandstorm Gold in a research note on Monday, July 15th. Finally, Raymond James set a $6.00 target price on Sandstorm Gold and gave the stock an “outperform” rating in a research report on Friday, April 5th.
SAND traded down $0.05 during midday trading on Wednesday, reaching $6.47. The company’s stock had a trading volume of 141,118 shares, compared to its average volume of 1,352,784. Sandstorm Gold has a twelve month low of $3.47 and a twelve month high of $6.70.
A number of hedge funds have recently modified their holdings of SAND. Taylor Wealth Management Partners grew its stake in Sandstorm Gold by 0.6% during the second quarter. Taylor Wealth Management Partners now owns 335,590 shares of the mining company’s stock valued at $1,859,000 after acquiring an additional 1,865 shares in the last quarter. Koshinski Asset Management Inc. lifted its holdings in Sandstorm Gold by 17.3% during the 2nd quarter. Koshinski Asset Management Inc. now owns 22,415 shares of the mining company’s stock valued at $124,000 after buying an additional 3,300 shares in the last quarter. Legal & General Group Plc lifted its holdings in Sandstorm Gold by 125.7% during the 4th quarter. Legal & General Group Plc now owns 6,896 shares of the mining company’s stock valued at $32,000 after buying an additional 3,840 shares in the last quarter. Hsbc Holdings PLC raised its holdings in shares of Sandstorm Gold by 18.5% in the 4th quarter. Hsbc Holdings PLC now owns 38,657 shares of the mining company’s stock valued at $178,000 after purchasing an additional 6,043 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of Sandstorm Gold by 61.2% in the 4th quarter. Geode Capital Management LLC now owns 18,071 shares of the mining company’s stock valued at $82,000 after purchasing an additional 6,863 shares in the last quarter.
About Sandstorm Gold
Sandstorm Gold Ltd. operates as a gold royalty company. It focuses on acquiring gold and other metal purchase agreements and royalties from companies that have advanced stage development projects or operating mines. The company offers upfront payments for companies to acquire a gold stream or royalty and receives the right to purchase a percentage of a mine's production for the life of the mine at a fixed price per unit or at a fixed percentage of the spot price.
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