M&T Bank Corp decreased its stake in Sandstorm Gold Ltd. (NYSE:SAND – Get Rating) by 10.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 18,000 shares of the company’s stock after selling 2,000 shares during the period. M&T Bank Corp’s holdings in Sandstorm Gold were worth $107,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also bought and sold shares of SAND. Van ECK Associates Corp grew its position in Sandstorm Gold by 0.7% in the 2nd quarter. Van ECK Associates Corp now owns 20,422,272 shares of the company’s stock worth $121,513,000 after purchasing an additional 132,237 shares during the last quarter. Horizon Kinetics Asset Management LLC grew its position in Sandstorm Gold by 6.6% during the second quarter. Horizon Kinetics Asset Management LLC now owns 6,425,969 shares of the company’s stock worth $38,235,000 after buying an additional 395,529 shares in the last quarter. Great West Life Assurance Co. Can increased its stake in Sandstorm Gold by 0.3% during the first quarter. Great West Life Assurance Co. Can now owns 5,919,348 shares of the company’s stock valued at $50,415,000 after acquiring an additional 17,480 shares during the period. Phoenix Holdings Ltd. acquired a new position in Sandstorm Gold in the 1st quarter valued at approximately $31,325,000. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of Sandstorm Gold by 27.2% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,896,500 shares of the company’s stock worth $23,348,000 after acquiring an additional 618,900 shares during the period. Institutional investors own 41.23% of the company’s stock.
Sandstorm Gold Stock Performance
Sandstorm Gold stock opened at $5.08 on Friday. The stock has a 50-day simple moving average of $5.30 and a 200 day simple moving average of $5.85. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.39. Sandstorm Gold Ltd. has a 12-month low of $4.51 and a 12-month high of $9.18. The stock has a market capitalization of $1.51 billion, a price-to-earnings ratio of 12.05 and a beta of 0.95.
Sandstorm Gold Cuts Dividend
Analysts Set New Price Targets
A number of analysts have recently issued reports on the company. TD Securities cut their target price on Sandstorm Gold from C$10.00 to C$9.50 in a research note on Wednesday, November 9th. Raymond James reduced their price objective on shares of Sandstorm Gold from $9.50 to $9.25 and set an “outperform” rating for the company in a report on Thursday, November 10th. BMO Capital Markets started coverage on shares of Sandstorm Gold in a research note on Wednesday, October 5th. They issued an “outperform” rating and a $8.00 target price on the stock. StockNews.com downgraded Sandstorm Gold from a “hold” rating to a “sell” rating in a report on Thursday, November 10th. Finally, HC Wainwright dropped their target price on Sandstorm Gold from $13.25 to $12.50 and set a “buy” rating for the company in a report on Wednesday, November 9th. One analyst has rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $10.42.
Sandstorm Gold Company Profile
Sandstorm Gold Ltd. operates as a gold royalty company. The company focuses on acquiring royalties and gold and other metals purchase agreements (streams) from companies that have advanced stage development projects or operating mines. It offers upfront payments for companies to acquire a stream or royalty and receives the right to purchase a percentage of a mine's production for the life of the mine at a fixed price per unit or at a fixed percentage of the spot price.
- Get a free copy of the StockNews.com research report on Sandstorm Gold (SAND)
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