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

Analyst Recommendations for Sandstorm Gold (NYSEMKT:SAND)

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

Sandstorm Gold (NYSEMKT:SAND) opened at 5.27 on Thursday. Sandstorm Gold has a 1-year low of $1.94 and a 1-year high of $6.75. The company’s market capitalization is $792.61 million. The firm has a 50 day moving average of $6.00 and a 200-day moving average of $4.59.

A hedge fund recently raised its stake in Sandstorm Gold stock. LPL Financial LLC increased its stake in shares of Sandstorm Gold Ltd. (NYSEMKT:SAND) by 329.1% during the first quarter, according to its most recent filing with the SEC. The institutional investor 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 quarter.

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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