Royce & Associates LP acquired a new stake in Sandstorm Gold Ltd (NASDAQ:SAND) during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 64,700 shares of the company’s stock, valued at approximately $289,000.

A number of other hedge funds have also recently made changes to their positions in the company. Financial & Investment Management Group Ltd. boosted 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 in the last quarter. Alps Advisors Inc. boosted 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 in the last quarter. Bank of Montreal Can purchased a new stake in shares of Sandstorm Gold during the second quarter valued at $3,236,000. AGF Investments Inc. purchased a new stake in shares of Sandstorm Gold during the second quarter valued at $1,897,000. Finally, CIBC World Markets Inc. boosted 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 in the last quarter.

Sandstorm Gold Ltd (NASDAQ:SAND) traded down 4.90% during mid-day trading on Friday, reaching $5.05. The company had a trading volume of 3,056,212 shares. The firm’s market capitalization is $759.52 million. Sandstorm Gold Ltd has a one year low of $1.94 and a one year high of $6.75. The firm’s 50-day moving average is $5.98 and its 200-day moving average is $4.60.

Several analysts have weighed in on SAND shares. Zacks Investment Research cut Sandstorm Gold from a “buy” rating to a “hold” rating in a report on Tuesday, August 9th. BMO Capital Markets reaffirmed a “market perform” rating and issued a $4.50 price target on shares of Sandstorm Gold in a research note on Friday, June 17th. TD Securities raised Sandstorm Gold from a “hold” rating to a “buy” rating in a research note on Monday, July 11th. CIBC raised Sandstorm Gold from a “sector perform” rating to a “sector outperform” rating in a research note on Monday, July 11th. Finally, Canaccord Genuity reaffirmed a “hold” rating on shares of Sandstorm Gold in a research note on Thursday, September 15th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $7.44.

5 Day Chart for NASDAQ:SAND

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