Short Interest in Sandstorm Gold Ltd (SAND) Expands By 13.1%
Sandstorm Gold Ltd (NYSEAMERICAN:SAND) was the target of a large increase in short interest in the month of December. As of December 29th, there was short interest totalling 2,034,368 shares, an increase of 13.1% from the December 15th total of 1,799,120 shares. Currently, 1.4% of the company’s shares are sold short. Based on an average daily trading volume, of 1,416,424 shares, the short-interest ratio is presently 1.4 days.
A number of large investors have recently bought and sold shares of the stock. Virtu Financial LLC boosted its position in Sandstorm Gold by 110.0% during the 3rd quarter. Virtu Financial LLC now owns 43,180 shares of the mining company’s stock worth $113,000 after buying an additional 22,616 shares during the period. Tiemann Investment Advisors LLC acquired a new stake in Sandstorm Gold during the 3rd quarter worth approximately $203,000. Finally, Jane Street Group LLC boosted its position in Sandstorm Gold by 140.7% during the 3rd quarter. Jane Street Group LLC now owns 324,129 shares of the mining company’s stock worth $1,471,000 after buying an additional 189,454 shares during the period.
Several equities research analysts recently commented on SAND shares. Zacks Investment Research upgraded shares of Sandstorm Gold from a “hold” rating to a “buy” rating and set a $5.25 target price on the stock in a research report on Wednesday, October 4th. BidaskClub downgraded shares of Sandstorm Gold from a “buy” rating to a “hold” rating in a research report on Wednesday, October 18th. ValuEngine upgraded shares of Sandstorm Gold from a “sell” rating to a “hold” rating in a research report on Tuesday, November 14th. Finally, Scotiabank lifted their target price on shares of Sandstorm Gold from $6.00 to $7.00 and gave the stock an “outperform” rating in a research report on Thursday, December 21st. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company’s stock. Sandstorm Gold currently has an average rating of “Hold” and a consensus target price of $6.00.
Shares of Sandstorm Gold (NYSEAMERICAN SAND) opened at $5.17 on Friday. Sandstorm Gold has a 1 year low of $3.18 and a 1 year high of $5.38. The company has a market cap of $966.86, a P/E ratio of 86.17 and a beta of -0.58.
About Sandstorm Gold
Sandstorm Gold Ltd is a Canada-based company 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.
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