Zacks Investment Research lowered shares of Sandstorm Gold (NYSEAMERICAN:SAND) from a hold rating to a sell rating in a research report sent to investors on Tuesday.

According to Zacks, “Sandstorm Gold Ltd. is a gold streaming company engaged in providing upfront financing for gold mining companies. It focuses on completing gold purchase agreements with gold mining companies that have advanced stage development projects or operating mines. Sandstorm Gold Ltd. is headquartered in Vancouver, Canada. “

SAND opened at $4.07 on Tuesday. Sandstorm Gold has a 12 month low of $3.52 and a 12 month high of $5.64.

Large investors have recently added to or reduced their stakes in the company. Van ECK Associates Corp boosted its position in shares of Sandstorm Gold by 7.5% during the 2nd quarter. Van ECK Associates Corp now owns 22,575,858 shares of the mining company’s stock worth $101,591,000 after acquiring an additional 1,578,431 shares in the last quarter. AGF Investments Inc. boosted its position in shares of Sandstorm Gold by 3.8% during the 2nd quarter. AGF Investments Inc. now owns 501,000 shares of the mining company’s stock worth $2,252,000 after acquiring an additional 18,200 shares in the last quarter. Royal Bank of Canada boosted its position in shares of Sandstorm Gold by 110.3% during the 1st quarter. Royal Bank of Canada now owns 60,072 shares of the mining company’s stock worth $286,000 after acquiring an additional 31,513 shares in the last quarter. Canada Pension Plan Investment Board acquired a new position in shares of Sandstorm Gold during the 2nd quarter worth about $405,000. Finally, Great West Life Assurance Co. Can boosted its position in shares of Sandstorm Gold by 2.2% during the 2nd quarter. Great West Life Assurance Co. Can now owns 10,234,357 shares of the mining company’s stock worth $46,003,000 after acquiring an additional 220,632 shares in the last quarter.

About Sandstorm Gold

Sandstorm Gold Ltd. operates as a gold streaming and royalty company. It has a portfolio of 174 streams and royalties in Canada, the United States, Australia, Honduras, Brazil, Peru, Chile, Argentina, Australia, Turkey, French Guiana, South Africa, Paraguay, Botswana, Sweden, Mongolia, Mexico, and Cote d'Ivoire.

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