Sandstorm Gold Ltd (NYSEAMERICAN:SAND) has earned a consensus rating of “Buy” from the seven ratings firms that are presently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $6.00.
A number of research firms have issued reports on SAND. Canaccord Genuity reiterated a “buy” rating on shares of Sandstorm Gold in a report on Friday, August 23rd. CIBC reiterated a “hold” rating on shares of Sandstorm Gold in a report on Monday, July 15th. TheStreet upgraded Sandstorm Gold from a “c+” rating to a “b” rating in a report on Wednesday, August 21st. Finally, Zacks Investment Research cut Sandstorm Gold from a “buy” rating to a “hold” rating in a report on Saturday, August 10th.
SAND stock traded up $0.20 during trading hours on Monday, reaching $5.88. 1,128,962 shares of the stock were exchanged, compared to its average volume of 1,519,799. Sandstorm Gold has a 12 month low of $3.47 and a 12 month high of $7.02.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Epstein & White Financial LLC acquired a new stake in Sandstorm Gold in the 2nd quarter valued at about $55,000. Zacks Investment Management lifted its stake in Sandstorm Gold by 20.7% in the 2nd quarter. Zacks Investment Management now owns 18,776 shares of the mining company’s stock valued at $104,000 after purchasing an additional 3,216 shares during the last quarter. FNY Investment Advisers LLC acquired a new stake in Sandstorm Gold in the 2nd quarter valued at about $109,000. Koshinski Asset Management Inc. lifted its position in Sandstorm Gold by 17.3% during the second quarter. Koshinski Asset Management Inc. now owns 22,415 shares of the mining company’s stock worth $124,000 after acquiring an additional 3,300 shares during the last quarter. Finally, Optimum Investment Advisors lifted its position in Sandstorm Gold by 18.5% during the second quarter. Optimum Investment Advisors now owns 32,000 shares of the mining company’s stock worth $177,000 after acquiring an additional 5,000 shares during 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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