Sandstorm Gold Ltd (SAND) Upgraded by Zacks Investment Research to “Hold”

Zacks Investment Research upgraded shares of Sandstorm Gold Ltd (NASDAQ:SAND) (TSE:SSL) from a sell rating to a hold rating in a research note issued to investors on Wednesday morning.

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. “

Sandstorm Gold (NASDAQ:SAND) opened at 4.30 on Wednesday. The firm has a market capitalization of $653.30 million and a PE ratio of 25.29. The stock has a 50 day moving average of $4.46 and a 200-day moving average of $4.51. Sandstorm Gold has a one year low of $3.01 and a one year high of $6.75.

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Several institutional investors have recently added to or reduced their stakes in the stock. Girard Securities Inc. boosted its position in Sandstorm Gold by 7.5% in the fourth quarter. Girard Securities Inc. now owns 28,517 shares of the company’s stock valued at $111,000 after buying an additional 2,000 shares during the period. Cidel Asset Management Inc. boosted its position in Sandstorm Gold by 4.6% in the third quarter. Cidel Asset Management Inc. now owns 149,300 shares of the company’s stock valued at $755,000 after buying an additional 6,500 shares during the period. Regentatlantic Capital LLC boosted its position in Sandstorm Gold by 32.7% in the third quarter. Regentatlantic Capital LLC now owns 28,400 shares of the company’s stock valued at $143,000 after buying an additional 7,000 shares during the period. Tower Research Capital LLC TRC boosted its position in Sandstorm Gold by 83.9% in the third quarter. Tower Research Capital LLC TRC now owns 19,782 shares of the company’s stock valued at $131,000 after buying an additional 9,027 shares during the period. Finally, Scotia Capital Inc. boosted its position in Sandstorm Gold by 6.4% in the fourth quarter. Scotia Capital Inc. now owns 301,000 shares of the company’s stock valued at $1,172,000 after buying an additional 18,175 shares during the period.

Sandstorm Gold Company Profile

Sandstorm Gold Ltd. is 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.

5 Day Chart for NASDAQ:SAND

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