Canaccord Genuity downgraded shares of Sandstorm Gold Ltd. (NYSEMKT:SAND) from a buy rating to a hold rating in a research report sent to investors on Thursday morning, reports.

Analyst Recommendations for Sandstorm Gold (NYSEMKT:SAND)

Several other analysts have also weighed in on SAND. BMO Capital Markets initiated coverage on shares of Sandstorm Gold in a report on Thursday, July 7th. They set a market perform rating for the company. CIBC raised shares of Sandstorm Gold from a sector perform rating to a sector outperform rating in a report on Monday, July 11th. Finally, TD Securities raised shares of Sandstorm Gold from a hold rating to a buy rating in a report on Monday, July 11th. Five analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock presently has an average rating of Buy and an average price target of $5.14.

Sandstorm Gold (NYSEMKT:SAND) opened at 5.27 on Thursday. The stock’s 50 day moving average price is $6.00 and its 200 day moving average price is $4.59. Sandstorm Gold has a 12-month low of $1.94 and a 12-month high of $6.75. The company’s market capitalization is $792.61 million.

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A hedge fund recently raised its stake in Sandstorm Gold stock. LPL Financial LLC boosted its position in Sandstorm Gold Ltd. (NYSEMKT:SAND) by 329.1% during the first quarter, according to its most recent filing with the SEC. The firm owned 61,540 shares of the company’s stock after buying an additional 47,200 shares during the period. LPL Financial LLC’s holdings in Sandstorm Gold were worth $206,000 at the end of the most recent reporting period.

About Sandstorm Gold

Sandstorm Gold Ltd. is engaged in providing financing alternatives to mining companies. The Company focuses on acquiring gold and other precious metal purchase agreements (Gold Streams or Silver Streams), and royalties from companies that have advanced stage development projects or operating mines. It operates in the segments of Bachelor Lake, Black Fox, Santa Elena, Yamana Silver Stream, Chapada, Diavik Mine, Other Royalties, Other and Corporate.

Stock Target Prices

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