UBS Group AG boosted its position in shares of Sandstorm Gold Ltd (NASDAQ:SAND) by 83.3% during the first quarter, Holdings Channel reports. The fund owned 32,080 shares of the company’s stock after buying an additional 14,580 shares during the period. UBS Group AG’s holdings in Sandstorm Gold were worth $137,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Van ECK Associates Corp boosted its position in shares of Sandstorm Gold by 11.7% in the first quarter. Van ECK Associates Corp now owns 28,972,293 shares of the company’s stock worth $123,712,000 after buying an additional 3,039,217 shares during the last quarter. Great West Life Assurance Co. Can boosted its position in shares of Sandstorm Gold by 10.2% in the first quarter. Great West Life Assurance Co. Can now owns 8,623,922 shares of the company’s stock worth $36,779,000 after buying an additional 799,803 shares during the last quarter. Sentry Investments Corp. boosted its position in shares of Sandstorm Gold by 1.4% in the first quarter. Sentry Investments Corp. now owns 6,104,610 shares of the company’s stock worth $34,918,000 after buying an additional 85,400 shares during the last quarter. Wells Fargo & Company MN boosted its position in shares of Sandstorm Gold by 8.1% in the first quarter. Wells Fargo & Company MN now owns 2,666,461 shares of the company’s stock worth $11,385,000 after buying an additional 200,677 shares during the last quarter. Finally, FMR LLC boosted its position in shares of Sandstorm Gold by 5.5% in the first quarter. FMR LLC now owns 1,584,475 shares of the company’s stock worth $6,815,000 after buying an additional 83,000 shares during the last quarter.

Shares of Sandstorm Gold Ltd (SAND) traded up 1.039% on Friday, reaching $4.375. The company had a trading volume of 442,605 shares. The company has a market capitalization of $807.25 million and a PE ratio of 57.566. The company’s 50-day moving average is $4.01 and its 200-day moving average is $4.07. Sandstorm Gold Ltd has a one year low of $3.18 and a one year high of $6.75.

Sandstorm Gold (NASDAQ:SAND) last posted its quarterly earnings results on Thursday, August 3rd. The company reported $0.01 earnings per share for the quarter, hitting the consensus estimate of $0.01. The business had revenue of $16.07 million during the quarter, compared to the consensus estimate of $18 million. Equities research analysts predict that Sandstorm Gold Ltd will post $0.05 earnings per share for the current year.

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A number of research analysts have recently commented on SAND shares. CIBC cut Sandstorm Gold from a “sector outperform” rating to a “sector perform” rating in a research note on Wednesday, June 21st. Zacks Investment Research cut Sandstorm Gold from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 2nd. Raymond James Financial, Inc. reiterated an “outperform” rating and issued a $6.00 price target on shares of Sandstorm Gold in a research note on Friday, July 14th. Scotiabank set a $6.00 price target on Sandstorm Gold and gave the company an “outperform” rating in a research note on Friday, June 16th. Finally, Royal Bank Of Canada upgraded Sandstorm Gold from a “sector perform” rating to an “outperform” rating in a research note on Monday, July 10th. One research analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $5.42.

Sandstorm Gold Company 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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Institutional Ownership by Quarter for Sandstorm Gold (NASDAQ:SAND)

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