Sandstorm Gold (SAND) Downgraded to “Sell” at Zacks Investment Research
Sandstorm Gold (NYSEAMERICAN:SAND) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors on Tuesday.
According to Zacks, “Sandstorm Gold Ltd. is a gold streaming company engaged in providing upfront financing for gold mining companies. It focuses on completing gold purchase agreements with gold mining companies that have advanced stage development projects or operating mines. Sandstorm Gold Ltd. is headquartered in Vancouver, Canada. “
Shares of Sandstorm Gold opened at $4.44 on Tuesday, according to MarketBeat.com. Sandstorm Gold has a 12 month low of $3.83 and a 12 month high of $5.64.
Several institutional investors and hedge funds have recently made changes to their positions in SAND. Bar Harbor Trust Services bought a new position in Sandstorm Gold in the first quarter valued at approximately $2,238,000. Boston Partners bought a new position in Sandstorm Gold in the first quarter valued at approximately $2,205,000. Bank of Montreal Can increased its stake in Sandstorm Gold by 11.8% in the second quarter. Bank of Montreal Can now owns 3,197,078 shares of the mining company’s stock valued at $14,386,000 after acquiring an additional 336,749 shares during the last quarter. Great West Life Assurance Co. Can increased its stake in Sandstorm Gold by 3.3% in the first quarter. Great West Life Assurance Co. Can now owns 10,013,725 shares of the mining company’s stock valued at $47,829,000 after acquiring an additional 321,907 shares during the last quarter. Finally, Alps Advisors Inc. increased its stake in Sandstorm Gold by 16.3% in the first quarter. Alps Advisors Inc. now owns 2,129,022 shares of the mining company’s stock valued at $10,134,000 after acquiring an additional 298,079 shares during the last quarter.
About Sandstorm Gold
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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