Canaccord Genuity Reiterates Buy Rating for Sandstorm Gold (SAND)
Sandstorm Gold (NYSEAMERICAN:SAND)‘s stock had its “buy” rating restated by analysts at Canaccord Genuity in a research note issued to investors on Monday.
Several other analysts have also commented on SAND. Zacks Investment Research raised Sandstorm Gold from a “sell” rating to a “hold” rating in a report on Wednesday, October 31st. TD Securities reissued a “buy” rating on shares of Sandstorm Gold in a report on Thursday, November 15th.
SAND traded down $0.11 during trading on Monday, hitting $4.41. The company’s stock had a trading volume of 1,356,182 shares, compared to its average volume of 1,112,437. Sandstorm Gold has a twelve month low of $3.47 and a twelve month high of $5.64.
Large investors have recently bought and sold shares of the business. Arcadia Investment Management Corp MI raised its position in Sandstorm Gold by 50.0% in the fourth quarter. Arcadia Investment Management Corp MI now owns 7,500 shares of the mining company’s stock valued at $35,000 after purchasing an additional 2,500 shares during the period. Tower Research Capital LLC TRC raised its holdings in shares of Sandstorm Gold by 251.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 23,202 shares of the mining company’s stock valued at $104,000 after buying an additional 16,602 shares during the period. Gamble Jones Investment Counsel purchased a new stake in shares of Sandstorm Gold in the 3rd quarter valued at $112,000. Virtu Financial LLC purchased a new stake in shares of Sandstorm Gold in the 4th quarter valued at $150,000. Finally, BlackRock Inc. raised its holdings in shares of Sandstorm Gold by 132.0% in the 2nd quarter. BlackRock Inc. now owns 38,943 shares of the mining company’s stock valued at $175,000 after buying an additional 22,156 shares during the period.
Sandstorm Gold Company Profile
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.
Further Reading: Technical Analysis
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