Arias Resource Capital GP Ltd. acquired a new position in Sandstorm Gold Ltd (NYSEAMERICAN:SAND) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,186,055 shares of the mining company’s stock, valued at approximately $5,925,000. Sandstorm Gold makes up approximately 2.9% of Arias Resource Capital GP Ltd.’s investment portfolio, making the stock its 2nd largest position. Arias Resource Capital GP Ltd. owned approximately 0.65% of Sandstorm Gold at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. Highstreet Asset Management Inc. bought a new stake in Sandstorm Gold in the fourth quarter worth $143,000. Tower Research Capital LLC TRC boosted its holdings in Sandstorm Gold by 283.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 29,524 shares of the mining company’s stock worth $185,000 after purchasing an additional 21,824 shares in the last quarter. Virtu Financial LLC boosted its holdings in Sandstorm Gold by 110.0% in the third quarter. Virtu Financial LLC now owns 43,180 shares of the mining company’s stock worth $113,000 after purchasing an additional 22,616 shares in the last quarter. Tiemann Investment Advisors LLC bought a new stake in Sandstorm Gold in the third quarter worth $203,000. Finally, Millennium Management LLC bought a new stake in Sandstorm Gold in the fourth quarter worth $259,000.
Shares of Sandstorm Gold Ltd (SAND) opened at $4.55 on Tuesday. Sandstorm Gold Ltd has a fifty-two week low of $3.18 and a fifty-two week high of $5.64. The stock has a market cap of $846.21, a PE ratio of 75.83 and a beta of -0.38.
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Sandstorm Gold 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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