Sandstorm Gold Ltd (NASDAQ:SAND) Given Average Rating of “Buy” by Brokerages
Sandstorm Gold Ltd (NASDAQ:SAND) has earned a consensus recommendation of “Buy” from the six ratings firms that are covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $7.75.
Several equities research analysts recently commented on the stock. Zacks Investment Research lowered shares of Sandstorm Gold from a “buy” rating to a “hold” rating in a research note on Tuesday. Royal Bank Of Canada upgraded shares of Sandstorm Gold from a “sector perform” rating to an “outperform” rating in a research note on Monday. CIBC lowered shares of Sandstorm Gold from a “sector outperform” rating to a “sector perform” rating in a research note on Wednesday, June 21st. Finally, Scotiabank set a $6.00 price objective on shares of Sandstorm Gold and gave the company an “outperform” rating in a research note on Friday, June 16th.
Sandstorm Gold (NASDAQ:SAND) traded down 0.24% during trading on Tuesday, hitting $4.13. The company had a trading volume of 1,283,158 shares. The stock has a market capitalization of $627.74 million and a price-to-earnings ratio of 35.30. The firm’s 50 day moving average is $3.63 and its 200-day moving average is $4.05. Sandstorm Gold has a 52-week low of $3.18 and a 52-week high of $6.75.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Tower Research Capital LLC TRC raised its position in shares of Sandstorm Gold by 491.7% in the first quarter. Tower Research Capital LLC TRC now owns 23,077 shares of the company’s stock worth $132,000 after buying an additional 19,177 shares during the period. HighTower Advisors LLC raised its position in shares of Sandstorm Gold by 3.7% in the first quarter. HighTower Advisors LLC now owns 28,130 shares of the company’s stock worth $123,000 after buying an additional 1,000 shares during the period. UBS Group AG raised its position in shares of Sandstorm Gold by 83.3% in the first quarter. UBS Group AG now owns 32,080 shares of the company’s stock worth $137,000 after buying an additional 14,580 shares during the period. Two Sigma Securities LLC purchased a new position in shares of Sandstorm Gold during the first quarter worth about $167,000. Finally, Regentatlantic Capital LLC raised its position in shares of Sandstorm Gold by 1.0% in the first quarter. Regentatlantic Capital LLC now owns 40,300 shares of the company’s stock worth $172,000 after buying an additional 400 shares during the period.
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Sandstorm Gold Company Profile
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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