Investors Purchase High Volume of Call Options on Sandstorm Gold (NYSEAMERICAN:SAND)

Sandstorm Gold Ltd (NYSEAMERICAN:SAND) was the recipient of unusually large options trading activity on Friday. Stock investors acquired 14,999 call options on the stock. This is an increase of 832% compared to the average volume of 1,610 call options.

Large investors have recently modified their holdings of the stock. Jane Street Group LLC grew its position in 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 purchasing an additional 189,454 shares in the last quarter. Tiemann Investment Advisors LLC bought a new position in Sandstorm Gold in the third quarter valued at $203,000. Finally, Virtu Financial LLC grew its position in Sandstorm Gold by 110.0% in the third quarter. Virtu Financial LLC now owns 43,180 shares of the mining company’s stock valued at $113,000 after purchasing an additional 22,616 shares in the last quarter.

Several analysts have recently commented on the stock. Scotiabank increased their price target on shares of Sandstorm Gold from $6.00 to $7.00 and gave the company an “outperform” rating in a research note on Thursday, December 21st. Zacks Investment Research lowered shares of Sandstorm Gold from a “buy” rating to a “hold” rating in a report on Wednesday, October 11th. ValuEngine upgraded shares of Sandstorm Gold from a “sell” rating to a “hold” rating in a report on Tuesday, November 14th. Finally, BidaskClub lowered shares of Sandstorm Gold from a “hold” rating to a “sell” rating in a report on Friday, October 27th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company’s stock. Sandstorm Gold has a consensus rating of “Hold” and a consensus price target of $6.00.

Sandstorm Gold (SAND) traded up $0.08 on Tuesday, reaching $5.25. 1,566,018 shares of the company’s stock traded hands, compared to its average volume of 1,687,060. The firm has a market capitalization of $933.64, a price-to-earnings ratio of 87.50 and a beta of -0.58. Sandstorm Gold has a 12 month low of $3.18 and a 12 month high of $5.38.

Sandstorm Gold (NYSEAMERICAN:SAND) last posted its earnings results on Wednesday, November 1st. The mining company reported $0.02 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.02. The firm had revenue of $17.94 million during the quarter, compared to analyst estimates of $18.00 million.

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About Sandstorm Gold

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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