Alps Advisors Inc. reduced its stake in Sandstorm Gold Ltd (NYSEAMERICAN:SAND) by 84.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 192,754 shares of the mining company’s stock after selling 1,054,611 shares during the quarter. Alps Advisors Inc.’s holdings in Sandstorm Gold were worth $719,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Van ECK Associates Corp raised its position in Sandstorm Gold by 7.5% in the 2nd quarter. Van ECK Associates Corp now owns 22,575,858 shares of the mining company’s stock valued at $101,591,000 after buying an additional 1,578,431 shares during the last quarter. AGF Investments Inc. raised its position in Sandstorm Gold by 3.8% in the 2nd quarter. AGF Investments Inc. now owns 501,000 shares of the mining company’s stock valued at $2,252,000 after buying an additional 18,200 shares during the last quarter. Royal Bank of Canada raised its position in Sandstorm Gold by 110.3% in the 1st quarter. Royal Bank of Canada now owns 60,072 shares of the mining company’s stock valued at $286,000 after buying an additional 31,513 shares during the last quarter. Canada Pension Plan Investment Board purchased a new stake in Sandstorm Gold in the 2nd quarter valued at $405,000. Finally, Great West Life Assurance Co. Can raised its position in Sandstorm Gold by 2.2% in the 2nd quarter. Great West Life Assurance Co. Can now owns 10,234,357 shares of the mining company’s stock valued at $46,003,000 after buying an additional 220,632 shares during the last quarter.
A number of research analysts have issued reports on the company. Zacks Investment Research upgraded Sandstorm Gold from a “sell” rating to a “hold” rating in a research note on Wednesday, September 12th. Canaccord Genuity restated a “buy” rating on shares of Sandstorm Gold in a research note on Sunday, October 21st. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of $5.83.
Shares of NYSEAMERICAN:SAND opened at $3.82 on Friday. Sandstorm Gold Ltd has a 1 year low of $3.52 and a 1 year high of $5.64.
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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