Canaccord Genuity lowered shares of Sandstorm Gold Ltd. (NYSEMKT:SAND) from a buy rating to a hold rating in a research report sent to investors on Thursday, reports.

Several other analysts also recently commented on SAND. CIBC upgraded shares of Sandstorm Gold from a sector perform rating to a sector outperform rating in a research report on Monday, July 11th. TD Securities upgraded shares of Sandstorm Gold from a hold rating to a buy rating in a report on Monday, July 11th. Finally, BMO Capital Markets assumed coverage on shares of Sandstorm Gold in a report on Thursday, July 7th. They issued a market perform rating on the stock. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Sandstorm Gold presently has a consensus rating of Buy and a consensus price target of $5.14.

Shares of Sandstorm Gold (NYSEMKT:SAND) opened at 5.38 on Thursday. The stock’s market capitalization is $809.15 million. The stock’s 50 day moving average is $5.99 and its 200-day moving average is $4.50. Sandstorm Gold has a 12-month low of $1.94 and a 12-month high of $6.75.

A hedge fund recently raised its stake in Sandstorm Gold stock. Royal Bank of Canada raised its position in Sandstorm Gold Ltd. (NYSEMKT:SAND) by 183.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 63,247 shares of the company’s stock after buying an additional 40,971 shares during the period. Royal Bank of Canada’s holdings in Sandstorm Gold were worth $209,000 as of its most recent filing with the SEC.

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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