Toronto Dominion Bank decreased its stake in Sandstorm Gold Ltd (NYSEAMERICAN:SAND) by 60.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 101,634 shares of the mining company’s stock after selling 157,634 shares during the period. Toronto Dominion Bank owned approximately 0.05% of Sandstorm Gold worth $457,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in SAND. Natixis purchased a new position in Sandstorm Gold during the 1st quarter valued at about $110,000. Community Financial Services Group LLC purchased a new position in Sandstorm Gold during the 2nd quarter valued at about $135,000. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp purchased a new position in Sandstorm Gold during the 1st quarter valued at about $229,000. Granite Investment Partners LLC purchased a new position in Sandstorm Gold during the 2nd quarter valued at about $180,000. Finally, Millennium Management LLC purchased a new position in Sandstorm Gold during the 4th quarter valued at about $259,000.

Separately, Zacks Investment Research upgraded shares of Sandstorm Gold from a “hold” rating to a “buy” rating and set a $5.50 target price for the company in a report on Tuesday, May 15th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $5.83.

Shares of NYSEAMERICAN SAND opened at $3.85 on Friday. Sandstorm Gold Ltd has a 12 month low of $3.52 and a 12 month high of $5.64.

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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Institutional Ownership by Quarter for Sandstorm Gold (NYSEAMERICAN:SAND)

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