Sandstorm Gold Ltd (NYSEAMERICAN:SAND) has received an average recommendation of “Hold” from the six ratings firms that are presently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $6.00.
SAND has been the subject of a number of analyst reports. Zacks Investment Research lowered Sandstorm Gold from a “hold” rating to a “sell” rating in a research report on Tuesday, July 17th. Canaccord Genuity reaffirmed a “buy” rating on shares of Sandstorm Gold in a research report on Sunday.
Shares of NYSEAMERICAN:SAND traded up $0.06 during trading on Friday, hitting $4.16. The stock had a trading volume of 811,927 shares, compared to its average volume of 1,228,207. Sandstorm Gold has a 12 month low of $3.52 and a 12 month high of $5.64.
A number of hedge funds have recently bought and sold shares of SAND. Tower Research Capital LLC TRC increased its holdings in shares of Sandstorm Gold by 251.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 23,202 shares of the mining company’s stock worth $104,000 after purchasing an additional 16,602 shares in the last quarter. Natixis bought a new stake in shares of Sandstorm Gold in the 1st quarter worth $110,000. Community Financial Services Group LLC bought a new stake in shares of Sandstorm Gold in the 2nd quarter worth $135,000. Resources Investment Advisors Inc. increased its holdings in shares of Sandstorm Gold by 81.4% in the 2nd quarter. Resources Investment Advisors Inc. now owns 36,317 shares of the mining company’s stock worth $163,000 after purchasing an additional 16,300 shares in the last quarter. Finally, BlackRock Inc. increased its holdings in shares of Sandstorm Gold by 132.0% in the 2nd quarter. BlackRock Inc. now owns 38,943 shares of the mining company’s stock worth $175,000 after purchasing an additional 22,156 shares in the last quarter.
About Sandstorm Gold
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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