Canaccord Genuity restated their hold rating on shares of Sandstorm Gold Ltd (NASDAQ:SAND) in a research note issued to investors on Thursday morning.

Several other equities research analysts have also commented on SAND. BMO Capital Markets reissued a market perform rating and issued a $4.50 price target on shares of Sandstorm Gold in a report on Friday, June 17th. TD Securities reissued a buy rating and issued a $9.50 price target (up previously from $8.50) on shares of Sandstorm Gold in a report on Thursday, August 4th. Zacks Investment Research lowered shares of Sandstorm Gold from a strong-buy rating to a hold rating in a report on Wednesday, July 6th. Finally, CIBC raised shares of Sandstorm Gold from a sector perform rating to a sector outperform rating in a report on Monday, July 11th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Sandstorm Gold presently has a consensus rating of Hold and a consensus target price of $7.44.

Shares of Sandstorm Gold (NASDAQ:SAND) opened at 5.38 on Thursday. The stock has a 50 day moving average of $6.02 and a 200 day moving average of $4.57. Sandstorm Gold has a 12-month low of $1.94 and a 12-month high of $6.75. The company’s market cap is $809.15 million.

Several large investors have recently added to or reduced their stakes in SAND. Vanguard Group Inc. raised its stake in Sandstorm Gold by 13.6% in the second quarter. Vanguard Group Inc. now owns 27,181 shares of the company’s stock worth $122,000 after buying an additional 3,251 shares during the last quarter. OLD Mission Capital LLC acquired a new stake in Sandstorm Gold during the second quarter worth about $208,000. Cambridge Investment Research Advisors Inc. raised its stake in Sandstorm Gold by 305.5% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 53,125 shares of the company’s stock worth $237,000 after buying an additional 40,025 shares during the last quarter. Royce & Associates LP acquired a new stake in Sandstorm Gold during the second quarter worth about $289,000. Finally, Barclays PLC raised its stake in Sandstorm Gold by 168,471.4% in the second quarter. Barclays PLC now owns 94,400 shares of the company’s stock worth $421,000 after buying an additional 94,344 shares during the last quarter.

Sandstorm Gold Company Profile

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