Sandstorm Gold Ltd. (NYSEMKT:SAND) has been assigned a consensus recommendation of “Buy” from the ten research firms that are currently covering the firm. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $5.00.
Several analysts have recently weighed in on the company. Canaccord Genuity lowered Sandstorm Gold from a “buy” rating to a “hold” rating in a report on Thursday, September 15th. TD Securities upgraded Sandstorm Gold from a “hold” rating to a “buy” rating in a report on Monday, July 11th. CIBC upgraded Sandstorm Gold from a “sector perform” rating to a “sector outperform” rating in a report on Monday, July 11th. Finally, BMO Capital Markets assumed coverage on Sandstorm Gold in a report on Thursday, July 7th. They issued a “market perform” rating for the company.
Shares of Sandstorm Gold (NYSEMKT:SAND) opened at 5.06 on Monday. The stock’s market cap is $761.02 million. The company’s 50-day moving average price is $5.95 and its 200-day moving average price is $4.61. Sandstorm Gold has a 52-week low of $1.94 and a 52-week high of $6.75.
A hedge fund recently raised its stake in Sandstorm Gold stock. LPL Financial LLC increased its position in shares of Sandstorm Gold Ltd. (NYSEMKT:SAND) by 329.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 61,540 shares of the company’s stock after buying an additional 47,200 shares during the period. LPL Financial LLC’s holdings in Sandstorm Gold were worth $206,000 at the end of the most recent quarter.
About Sandstorm Gold
Sandstorm Gold Ltd. is engaged in providing financing alternatives to mining companies. The Company focuses on acquiring gold and other precious metal purchase agreements (Gold Streams or Silver Streams), and royalties from companies that have advanced stage development projects or operating mines. It operates in the segments of Bachelor Lake, Black Fox, Santa Elena, Yamana Silver Stream, Chapada, Diavik Mine, Other Royalties, Other and Corporate.
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