Mountain Lake Investment Management LLC Makes New $1.50 Million Investment in Sandstorm Gold Ltd. (NYSE:SAND)

Mountain Lake Investment Management LLC purchased a new stake in shares of Sandstorm Gold Ltd. (NYSE:SAND) during the first quarter, HoldingsChannel reports. The institutional investor purchased 220,000 shares of the company’s stock, valued at approximately $1,496,000. Sandstorm Gold makes up about 0.8% of Mountain Lake Investment Management LLC’s investment portfolio, making the stock its 25th largest position.

Other large investors have also recently bought and sold shares of the company. Capital Asset Advisory Services LLC purchased a new stake in shares of Sandstorm Gold during the fourth quarter valued at approximately $25,000. Eudaimonia Partners LLC bought a new position in Sandstorm Gold during the fourth quarter valued at approximately $29,000. Optiver Holding B.V. bought a new position in Sandstorm Gold during the first quarter valued at approximately $58,000. Glenmede Trust Co. NA bought a new position in Sandstorm Gold during the fourth quarter valued at approximately $71,000. Finally, Banco de Sabadell S.A lifted its position in Sandstorm Gold by 328.6% during the first quarter. Banco de Sabadell S.A now owns 12,000 shares of the company’s stock valued at $81,000 after purchasing an additional 9,200 shares during the period. Hedge funds and other institutional investors own 39.36% of the company’s stock.

A number of brokerages recently weighed in on SAND. HC Wainwright restated a “buy” rating and set a $14.75 price objective on shares of Sandstorm Gold in a research report on Wednesday, June 30th. Zacks Investment Research downgraded shares of Sandstorm Gold from a “hold” rating to a “sell” rating in a research report on Friday, May 7th. Raymond James increased their price objective on shares of Sandstorm Gold from $9.00 to $12.35 and gave the company a “market perform” rating in a research report on Wednesday, June 30th. TD Securities increased their price target on shares of Sandstorm Gold from C$12.00 to C$12.50 and gave the stock a “buy” rating in a research report on Wednesday, June 30th. Finally, Royal Bank of Canada downgraded shares of Sandstorm Gold from a “sector perform” rating to an “underperform” rating and decreased their price target for the stock from $8.00 to $7.00 in a research report on Monday, June 28th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $11.96.

Shares of SAND stock traded down $0.02 on Thursday, hitting $7.54. 17,931 shares of the stock traded hands, compared to its average volume of 1,471,377. The stock has a market cap of $1.47 billion, a price-to-earnings ratio of 49.27 and a beta of 1.10. Sandstorm Gold Ltd. has a 52 week low of $5.96 and a 52 week high of $10.63. The business has a 50 day moving average price of $8.27.

Sandstorm Gold (NYSE:SAND) last announced its quarterly earnings data on Thursday, April 29th. The company reported $0.03 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.05 by ($0.02). The firm had revenue of $31.00 million for the quarter, compared to the consensus estimate of $30.80 million. Sandstorm Gold had a net margin of 28.36% and a return on equity of 4.74%. As a group, equities analysts anticipate that Sandstorm Gold Ltd. will post 0.18 earnings per share for the current year.

Sandstorm Gold Profile

Sandstorm Gold Ltd. operates as a gold royalty company. It focuses on acquiring gold and other metal purchase agreements and royalties from companies that have advanced stage development projects or operating mines. The company offers upfront payments for companies to acquire a gold 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.

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

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