Sandstorm Gold (NYSE:SAND) Stock Rating Lowered by StockNews.com

Sandstorm Gold (NYSE:SAND) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a research note issued to investors on Thursday.

Separately, HC Wainwright upped their price target on Sandstorm Gold from $11.50 to $12.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, Sandstorm Gold currently has a consensus rating of “Hold” and a consensus target price of $8.50.

Sandstorm Gold Trading Down 4.1 %

SAND opened at $6.38 on Thursday. The company has a market cap of $1.89 billion, a P/E ratio of 53.13 and a beta of 1.10. The company has a fifty day moving average price of $5.78 and a two-hundred day moving average price of $5.79. The company has a current ratio of 2.29, a quick ratio of 2.29 and a debt-to-equity ratio of 0.26. Sandstorm Gold has a 1-year low of $3.98 and a 1-year high of $6.67.

Institutional Trading of Sandstorm Gold

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Barclays PLC grew its holdings in Sandstorm Gold by 6.4% during the third quarter. Barclays PLC now owns 399,854 shares of the company’s stock worth $2,400,000 after buying an additional 23,947 shares in the last quarter. FMR LLC purchased a new position in Sandstorm Gold during the 3rd quarter worth $600,000. Intact Investment Management Inc. grew its stake in shares of Sandstorm Gold by 195.0% in the 3rd quarter. Intact Investment Management Inc. now owns 130,100 shares of the company’s stock worth $781,000 after acquiring an additional 86,000 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Sandstorm Gold by 7.5% in the third quarter. Geode Capital Management LLC now owns 125,681 shares of the company’s stock valued at $757,000 after purchasing an additional 8,728 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd lifted its position in shares of Sandstorm Gold by 219.0% during the third quarter. Dynamic Technology Lab Private Ltd now owns 47,727 shares of the company’s stock valued at $286,000 after purchasing an additional 32,766 shares in the last quarter. 51.97% of the stock is owned by institutional investors.

Sandstorm Gold Company Profile

Sandstorm Gold Ltd. operates as a gold royalty company. The company focuses on acquiring royalties and gold and other metals purchase agreements from companies that have advanced stage operating mines. It offers upfront payments for companies to acquire a stream and receives the right to purchase a percentage of a mine's production for the life of the mine.