Scotiabank Increases Sandstorm Gold (SAND) Price Target to $7.00

Sandstorm Gold (NYSEAMERICAN:SAND) had its target price upped by equities research analysts at Scotiabank from $6.00 to $7.00 in a note issued to investors on Thursday. The brokerage currently has an “outperform” rating on the mining company’s stock. Scotiabank’s price objective would indicate a potential upside of 38.89% from the company’s current price.

A number of other research firms have also issued reports on SAND. ValuEngine upgraded shares of Sandstorm Gold from a “sell” rating to a “hold” rating in a report on Tuesday, November 14th. BidaskClub lowered shares of Sandstorm Gold from a “hold” rating to a “sell” rating in a report on Friday, October 27th. Finally, Zacks Investment Research upgraded shares of Sandstorm Gold from a “hold” rating to a “buy” rating and set a $5.25 target price on the stock in a report on Wednesday, October 4th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $6.00.

Sandstorm Gold (NYSEAMERICAN SAND) opened at $5.04 on Thursday. The stock has a market cap of $870.91, a PE ratio of 84.00 and a beta of -0.57. Sandstorm Gold has a 1-year low of $3.18 and a 1-year high of $5.18.

Hedge funds have recently made changes to their positions in the company. Virtu Financial LLC lifted its holdings in shares of Sandstorm Gold by 110.0% during the 3rd quarter. Virtu Financial LLC now owns 43,180 shares of the mining company’s stock worth $113,000 after acquiring an additional 22,616 shares during the period. Tiemann Investment Advisors LLC purchased a new position in shares of Sandstorm Gold during the 3rd quarter worth about $203,000. Finally, Jane Street Group LLC lifted its holdings in shares of Sandstorm Gold by 140.7% during the 3rd quarter. Jane Street Group LLC now owns 324,129 shares of the mining company’s stock worth $1,471,000 after acquiring an additional 189,454 shares during the period.

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Sandstorm Gold Company Profile

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

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