Resources Investment Advisors Inc. Has $163,000 Stake in Sandstorm Gold Ltd (SAND)
Resources Investment Advisors Inc. increased its position in Sandstorm Gold Ltd (NYSEAMERICAN:SAND) by 81.4% in the second quarter, HoldingsChannel.com reports. The fund owned 36,317 shares of the mining company’s stock after acquiring an additional 16,300 shares during the quarter. Resources Investment Advisors Inc.’s holdings in Sandstorm Gold were worth $163,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. Natixis bought a new position in shares of Sandstorm Gold in the first quarter valued at approximately $110,000. Tower Research Capital LLC TRC boosted its position in shares of Sandstorm Gold by 251.5% in the second quarter. Tower Research Capital LLC TRC now owns 23,202 shares of the mining company’s stock valued at $104,000 after acquiring an additional 16,602 shares during the period. Community Financial Services Group LLC bought a new position in shares of Sandstorm Gold in the second quarter valued at approximately $135,000. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp bought a new stake in Sandstorm Gold during the first quarter valued at approximately $229,000. Finally, BlackRock Inc. lifted its position in Sandstorm Gold by 132.0% during the second quarter. BlackRock Inc. now owns 38,943 shares of the mining company’s stock valued at $175,000 after purchasing an additional 22,156 shares during the last quarter.
Separately, Zacks Investment Research upgraded shares of Sandstorm Gold from a “sell” rating to a “hold” rating in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $5.83.
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.
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