Sandstorm Gold Ltd. (NYSEMKT:SAND) has earned an average rating of “Buy” from the ten analysts that are currently covering the company. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $5.00.

SAND has been the topic of a number of research reports. BMO Capital Markets initiated coverage on shares of Sandstorm Gold in a report on Thursday, July 7th. They set a “market perform” rating on the stock. CIBC raised shares of Sandstorm Gold from a “sector perform” rating to a “sector outperform” rating in a report on Monday, July 11th. TD Securities raised shares of Sandstorm Gold from a “hold” rating to a “buy” rating in a report on Monday, July 11th. Finally, Canaccord Genuity lowered shares of Sandstorm Gold from a “buy” rating to a “hold” rating in a report on Thursday, September 15th.

An institutional investor recently raised its position in Sandstorm Gold stock. LPL Financial LLC raised its stake in Sandstorm Gold Ltd. (NYSEMKT:SAND) by 329.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 61,540 shares of the company’s stock after buying an additional 47,200 shares during the period. LPL Financial LLC’s holdings in Sandstorm Gold were worth $206,000 at the end of the most recent reporting period.

Shares of Sandstorm Gold (NYSEMKT:SAND) opened at 5.06 on Thursday. The stock’s 50 day moving average is $5.75 and its 200 day moving average is $4.72. Sandstorm Gold has a 12 month low of $1.94 and a 12 month high of $6.75. The company’s market cap is $761.02 million.

Sandstorm Gold Company Profile

Sandstorm Gold Ltd. is engaged in providing financing alternatives to mining companies. The Company focuses on acquiring gold and other precious metal purchase agreements (Gold Streams or Silver Streams), and royalties from companies that have advanced stage development projects or operating mines. It operates in the segments of Bachelor Lake, Black Fox, Santa Elena, Yamana Silver Stream, Chapada, Diavik Mine, Other Royalties, Other and Corporate.

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