Sandstorm Gold Ltd (NASDAQ:SAND) has earned an average broker rating score of 1.83 (Buy) from the six brokers that cover the stock, Zacks Investment Research reports. Two equities research analysts have rated the stock with a hold rating, one has issued a buy rating and three have issued a strong buy rating on the company. Sandstorm Gold’s rating score has improved by 18.7% from 90 days ago as a result of various analysts’ ratings changes.

Analysts have set a 12 month consensus price objective of $6.19 for the company and are forecasting that the company will post $0.01 EPS for the current quarter, according to Zacks. Zacks has also given Sandstorm Gold an industry rank of 100 out of 265 based on the ratings given to related companies.

Several equities research analysts recently issued reports on SAND shares. Canaccord Genuity restated a “buy” rating and issued a $9.00 target price (up previously from $8.00) on shares of Sandstorm Gold in a report on Thursday, August 4th. TD Securities reiterated a “buy” rating and set a $9.50 price target (up previously from $8.50) on shares of Sandstorm Gold in a research note on Thursday, August 4th. Zacks Investment Research cut shares of Sandstorm Gold from a “buy” rating to a “hold” rating in a research note on Tuesday, August 9th. BMO Capital Markets began coverage on shares of Sandstorm Gold in a research note on Thursday, June 16th. They set a “hold” rating on the stock. Finally, CIBC upgraded shares of Sandstorm Gold from a “sector perform” rating to a “sector outperform” rating in a research note on Monday, July 11th.

Sandstorm Gold (NASDAQ:SAND) opened at 5.31 on Tuesday. The stock has a 50 day moving average of $5.98 and a 200 day moving average of $4.60. Sandstorm Gold has a 12-month low of $1.94 and a 12-month high of $6.75. The company’s market cap is $798.62 million.

Several hedge funds have recently made changes to their positions in the stock. Barometer Capital Management Inc. purchased a new stake in shares of Sandstorm Gold during the second quarter valued at approximately $446,000. CIBC World Markets Inc. increased its stake in shares of Sandstorm Gold by 1,898.3% in the second quarter. CIBC World Markets Inc. now owns 418,913 shares of the company’s stock valued at $1,868,000 after buying an additional 397,950 shares during the last quarter. Bank of Montreal Can purchased a new stake in shares of Sandstorm Gold during the second quarter valued at approximately $3,236,000. Alps Advisors Inc. increased its stake in shares of Sandstorm Gold by 1,045.8% in the second quarter. Alps Advisors Inc. now owns 995,702 shares of the company’s stock valued at $4,441,000 after buying an additional 908,799 shares during the last quarter. Finally, Financial & Investment Management Group Ltd. increased its stake in shares of Sandstorm Gold by 14.1% in the second quarter. Financial & Investment Management Group Ltd. now owns 1,662,290 shares of the company’s stock valued at $7,414,000 after buying an additional 205,360 shares during the last quarter.

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