Sandstorm Gold Ltd (SAND) Short Interest Update
Sandstorm Gold Ltd (NYSEAMERICAN:SAND) was the target of a large drop in short interest in the month of November. As of November 30th, there was short interest totalling 2,157,992 shares, a drop of 10.5% from the November 15th total of 2,410,817 shares. Approximately 1.5% of the shares of the company are sold short. Based on an average daily volume of 859,571 shares, the days-to-cover ratio is currently 2.5 days.
A number of equities research analysts have recently commented on SAND shares. Zacks Investment Research raised shares of Sandstorm Gold from a “hold” rating to a “buy” rating and set a $5.25 price objective on the stock in a research note on Wednesday, October 4th. BidaskClub raised shares of Sandstorm Gold from a “hold” rating to a “buy” rating in a research note on Saturday, August 19th. Finally, ValuEngine raised shares of Sandstorm Gold from a “sell” rating to a “hold” rating in a research note on Tuesday, November 14th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $5.67.
Several large investors have recently made changes to their positions in the company. Virtu Financial LLC lifted its position in shares of Sandstorm Gold by 110.0% during the 3rd quarter. Virtu Financial LLC now owns 43,180 shares of the mining company’s stock valued at $113,000 after buying an additional 22,616 shares in the last quarter. Tiemann Investment Advisors LLC purchased a new position in shares of Sandstorm Gold during the 3rd quarter valued at approximately $203,000. Finally, Jane Street Group LLC lifted its position in shares of Sandstorm Gold by 140.7% during the 3rd quarter. Jane Street Group LLC now owns 324,129 shares of the mining company’s stock valued at $1,471,000 after buying an additional 189,454 shares in the last quarter.
About Sandstorm Gold
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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