Sandstorm Gold (SAND) Trading 6.5% Higher

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Sandstorm Gold Ltd (NYSEAMERICAN:SAND) shares traded up 6.5% during mid-day trading on Thursday . The company traded as high as $4.10 and last traded at $4.09. 2,004,701 shares traded hands during trading, an increase of 62% from the average session volume of 1,234,236 shares. The stock had previously closed at $3.84.

Separately, Zacks Investment Research raised shares of Sandstorm Gold from a “sell” rating to a “hold” rating in a research report on Thursday, October 4th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $5.83.

A number of institutional investors have recently modified their holdings of the business. Van ECK Associates Corp grew its position in shares of Sandstorm Gold by 7.5% in the 2nd quarter. Van ECK Associates Corp now owns 22,575,858 shares of the mining company’s stock worth $101,591,000 after buying an additional 1,578,431 shares during the period. Great West Life Assurance Co. Can grew its position in shares of Sandstorm Gold by 2.2% in the 2nd quarter. Great West Life Assurance Co. Can now owns 10,234,357 shares of the mining company’s stock worth $46,003,000 after buying an additional 220,632 shares during the period. Bank of Montreal Can grew its position in shares of Sandstorm Gold by 11.8% in the 2nd quarter. Bank of Montreal Can now owns 3,197,078 shares of the mining company’s stock worth $14,386,000 after buying an additional 336,749 shares during the period. FMR LLC grew its position in shares of Sandstorm Gold by 1.3% in the 2nd quarter. FMR LLC now owns 1,880,475 shares of the mining company’s stock worth $8,454,000 after buying an additional 25,000 shares during the period. Finally, JPMorgan Chase & Co. grew its position in shares of Sandstorm Gold by 15.8% in the 1st quarter. JPMorgan Chase & Co. now owns 933,978 shares of the mining company’s stock worth $4,446,000 after buying an additional 127,200 shares during the period.

About Sandstorm Gold (NYSEAMERICAN:SAND)

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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