CIBC reiterated their hold rating on shares of Sandstorm Gold (NYSEAMERICAN:SAND) in a research report report published on Monday morning, TipRanks reports.
Other analysts have also recently issued reports about the stock. Zacks Investment Research cut shares of EXACT Sciences from a hold rating to a sell rating in a report on Tuesday, July 2nd. Raymond James set a $6.00 price target on shares of Sandstorm Gold and gave the company an outperform rating in a report on Friday, April 5th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of Buy and a consensus price target of $6.00.
SAND traded up $0.25 during trading on Monday, hitting $5.90. The company had a trading volume of 1,871,185 shares, compared to its average volume of 1,302,572. Sandstorm Gold has a 1-year low of $3.47 and a 1-year high of $5.92.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Taylor Wealth Management Partners raised its holdings in shares of Sandstorm Gold by 0.6% during the second quarter. Taylor Wealth Management Partners now owns 335,590 shares of the mining company’s stock worth $1,859,000 after purchasing an additional 1,865 shares during the period. National Investment Services Inc. WI acquired a new stake in shares of Sandstorm Gold during the second quarter worth $622,000. Arlington Partners LLC acquired a new stake in shares of Sandstorm Gold during the second quarter worth $301,000. Amundi Pioneer Asset Management Inc. raised its holdings in shares of Sandstorm Gold by 28.3% during the first quarter. Amundi Pioneer Asset Management Inc. now owns 192,500 shares of the mining company’s stock worth $1,055,000 after purchasing an additional 42,500 shares during the period. Finally, First Trust Advisors LP acquired a new stake in shares of Sandstorm Gold during the first quarter worth $727,000.
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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