Sandstorm Gold Ltd (SAND) Holdings Raised by Royce & Associates LP
Royce & Associates LP boosted its position in Sandstorm Gold Ltd (NASDAQ:SAND) (TSE:SSL) by 111.8% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 306,500 shares of the company’s stock after purchasing an additional 161,800 shares during the period. Royce & Associates LP owned about 0.20% of Sandstorm Gold worth $1,186,000 as of its most recent SEC filing.
A number of other hedge funds have also recently modified their holdings of SAND. First Manhattan Co. bought a new stake in Sandstorm Gold in the 2nd quarter worth about $116,000. HighTower Advisors LLC boosted its stake in Sandstorm Gold by 3.7% in the first quarter. HighTower Advisors LLC now owns 28,130 shares of the company’s stock valued at $123,000 after acquiring an additional 1,000 shares during the last quarter. Tower Research Capital LLC TRC boosted its stake in Sandstorm Gold by 491.7% in the first quarter. Tower Research Capital LLC TRC now owns 23,077 shares of the company’s stock valued at $132,000 after acquiring an additional 19,177 shares during the last quarter. UBS Group AG boosted its stake in Sandstorm Gold by 83.3% in the first quarter. UBS Group AG now owns 32,080 shares of the company’s stock valued at $137,000 after acquiring an additional 14,580 shares during the last quarter. Finally, Two Sigma Securities LLC purchased a new position in Sandstorm Gold in the first quarter valued at about $167,000.
Sandstorm Gold Ltd (NASDAQ:SAND) opened at 4.79 on Friday. The stock has a market capitalization of $883.82 million and a PE ratio of 63.03. The firm has a 50-day moving average of $4.47 and a 200-day moving average of $4.08. Sandstorm Gold Ltd has a 1-year low of $3.18 and a 1-year high of $5.74.
Sandstorm Gold (NASDAQ:SAND) (TSE:SSL) last announced its quarterly earnings results on Thursday, August 3rd. The company reported $0.01 EPS for the quarter, hitting analysts’ consensus estimates of $0.01. The company had revenue of $16.07 million during the quarter, compared to the consensus estimate of $18.00 million. Equities analysts expect that Sandstorm Gold Ltd will post $0.06 EPS for the current fiscal year.
A number of research firms have weighed in on SAND. Zacks Investment Research cut shares of Sandstorm Gold from a “buy” rating to a “hold” rating in a research note on Tuesday, July 11th. Raymond James Financial, Inc. reiterated an “outperform” rating and issued a $6.00 target price on shares of Sandstorm Gold in a research note on Friday, July 14th. Royal Bank Of Canada upgraded shares of Sandstorm Gold from a “sector perform” rating to an “outperform” rating in a research note on Monday, July 10th. CIBC cut shares of Sandstorm Gold from a “sector outperform” rating to a “sector perform” rating in a research note on Wednesday, June 21st. Finally, Scotiabank set a $6.00 target price on shares of Sandstorm Gold and gave the company an “outperform” rating in a research note on Friday, June 16th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $5.42.
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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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