Shares of Sandstorm Gold Ltd (NYSEAMERICAN:SAND) have been given a consensus recommendation of “Hold” by the seven research firms that are covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $5.67.

Several brokerages have commented on SAND. BidaskClub cut shares of Sandstorm Gold from a “hold” rating to a “sell” rating in a research report on Friday, October 27th. Zacks Investment Research cut shares of Sandstorm Gold from a “hold” rating to a “sell” rating in a research report on Wednesday, August 9th. Finally, ValuEngine upgraded shares of Sandstorm Gold from a “sell” rating to a “hold” rating in a research report on Tuesday.

Shares of Sandstorm Gold (SAND) traded up $0.07 during trading on Monday, hitting $4.50. 1,700,000 shares of the company’s stock traded hands, compared to its average volume of 1,010,000. Sandstorm Gold has a 52 week low of $3.18 and a 52 week high of $5.18.

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Several hedge funds have recently made changes to their positions in the company. Virtu Financial LLC grew its holdings in shares of Sandstorm Gold by 110.0% in the 3rd quarter. Virtu Financial LLC now owns 43,180 shares of the mining company’s stock valued at $113,000 after buying an additional 22,616 shares during the period. Tiemann Investment Advisors LLC acquired a new position in shares of Sandstorm Gold in the 3rd quarter valued at $203,000. Finally, Jane Street Group LLC grew its holdings in shares of Sandstorm Gold by 140.7% in the 3rd quarter. Jane Street Group LLC now owns 324,129 shares of the mining company’s stock valued at $1,471,000 after buying an additional 189,454 shares during the period.

About Sandstorm Gold

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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