Regentatlantic Capital LLC boosted its stake in shares of Sandstorm Gold Ltd (NASDAQ:SAND) by 11.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 44,822 shares of the company’s stock after buying an additional 4,522 shares during the period. Regentatlantic Capital LLC’s holdings in Sandstorm Gold were worth $173,000 as of its most recent filing with the SEC.
Other hedge funds have also recently made changes to their positions in the company. Creative Planning increased its stake in shares of Sandstorm Gold by 0.3% in the first quarter. Creative Planning now owns 99,779 shares of the company’s stock valued at $426,000 after buying an additional 250 shares during the period. HighTower Advisors LLC increased its stake in shares of Sandstorm Gold by 3.7% in the first quarter. HighTower Advisors LLC now owns 28,130 shares of the company’s stock valued at $123,000 after buying an additional 1,000 shares during the period. UBS Group AG increased its stake in shares of Sandstorm Gold by 83.3% in the first quarter. UBS Group AG now owns 32,080 shares of the company’s stock valued at $137,000 after buying an additional 14,580 shares during the period. Tower Research Capital LLC TRC increased its stake in shares of Sandstorm Gold by 491.7% in the first quarter. Tower Research Capital LLC TRC now owns 23,077 shares of the company’s stock valued at $132,000 after buying an additional 19,177 shares during the period. Finally, Sprott Inc. increased its position in Sandstorm Gold by 76.8% in the second quarter. Sprott Inc. now owns 72,013 shares of the company’s stock worth $279,000 after buying an additional 31,286 shares during the period.
Sandstorm Gold Ltd (NASDAQ SAND) opened at 4.42 on Friday. Sandstorm Gold Ltd has a 52 week low of $3.18 and a 52 week high of $6.64. The firm’s 50-day moving average is $4.12 and its 200-day moving average is $4.07. The company has a market cap of $815.55 million and a PE ratio of 58.16.
Sandstorm Gold (NASDAQ:SAND) last posted its quarterly earnings data on Thursday, August 3rd. The company reported $0.01 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.01. The business had revenue of $16.07 million during the quarter, compared to the consensus estimate of $18 million. On average, analysts expect that Sandstorm Gold Ltd will post $0.05 EPS for the current fiscal year.
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A number of equities analysts have recently weighed in on SAND shares. Zacks Investment Research downgraded shares of Sandstorm Gold from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 2nd. Scotiabank set a $6.00 target price on shares of Sandstorm Gold and gave the stock an “outperform” rating in a research report on Friday, June 16th. CIBC downgraded shares of Sandstorm Gold from a “sector outperform” rating to a “sector perform” rating in a research report on Wednesday, June 21st. Royal Bank Of Canada raised shares of Sandstorm Gold from a “sector perform” rating to an “outperform” rating in a research report on Monday, July 10th. Finally, Raymond James Financial, Inc. restated an “outperform” rating and set a $6.00 price target on shares of Sandstorm Gold in a report on Friday, July 14th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $5.42.
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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