Sandstorm Gold (NYSEAMERICAN:SAND) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Saturday.
According to Zacks, “Sandstorm Gold Ltd. is a gold streaming company engaged in providing upfront financing for gold mining companies. It focuses on completing gold purchase agreements with gold mining companies that have advanced stage development projects or operating mines. Sandstorm Gold Ltd. is headquartered in Vancouver, Canada. “
Several other equities research analysts have also weighed in on SAND. Scotiabank increased their target price on Sandstorm Gold from $6.00 to $7.00 and gave the stock an “outperform” rating in a research report on Thursday, December 21st. BMO Capital Markets set a $5.00 target price on Sandstorm Gold and gave the stock a “hold” rating in a research report on Thursday, February 15th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $5.75.
Shares of NYSEAMERICAN SAND opened at $4.71 on Friday. Sandstorm Gold has a 1-year low of $3.18 and a 1-year high of $5.64.
Several large investors have recently added to or reduced their stakes in SAND. Jane Street Group LLC grew 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 worth $1,471,000 after purchasing an additional 189,454 shares in the last quarter. Tiemann Investment Advisors LLC bought a new position in shares of Sandstorm Gold in the third quarter worth $203,000. Virtu Financial LLC grew its stake in shares of Sandstorm Gold by 110.0% in the third quarter. Virtu Financial LLC now owns 43,180 shares of the mining company’s stock worth $113,000 after purchasing an additional 22,616 shares in the last quarter. Highstreet Asset Management Inc. bought a new position in shares of Sandstorm Gold in the fourth quarter worth $143,000. Finally, Alps Advisors Inc. grew its stake in shares of 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.
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Sandstorm Gold Company Profile
Sandstorm Gold Ltd. operates as a gold streaming and royalty company. It has a portfolio of 174 streams and royalties in Canada, the United States, Australia, Honduras, Brazil, Peru, Chile, Argentina, Australia, Turkey, French Guiana, South Africa, Paraguay, Botswana, Sweden, Mongolia, Mexico, and Cote d'Ivoire.
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