Sandstorm Gold Ltd (NYSEAMERICAN:SAND) rose 6.5% during mid-day trading on Thursday . The stock traded as high as $4.10 and last traded at $4.09. Approximately 2,004,701 shares were traded during trading, an increase of 62% from the average daily volume of 1,234,236 shares. The stock had previously closed at $3.84.

Separately, Zacks Investment Research upgraded shares of Sandstorm Gold from a “sell” rating to a “hold” rating in a research report on Wednesday, September 12th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $5.83.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Millennium Management LLC lifted its holdings in shares of Sandstorm Gold by 41.7% in the 2nd quarter. Millennium Management LLC now owns 286,270 shares of the mining company’s stock worth $1,288,000 after acquiring an additional 84,183 shares during the last quarter. Resources Investment Advisors Inc. raised its holdings in Sandstorm Gold by 81.4% during the 2nd quarter. Resources Investment Advisors Inc. now owns 36,317 shares of the mining company’s stock valued at $163,000 after buying an additional 16,300 shares during the last quarter. Tower Research Capital LLC TRC raised its holdings in Sandstorm Gold by 251.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 23,202 shares of the mining company’s stock valued at $104,000 after buying an additional 16,602 shares during the last quarter. Bank of America Corp DE raised its holdings in Sandstorm Gold by 63.2% during the 2nd quarter. Bank of America Corp DE now owns 44,754 shares of the mining company’s stock valued at $201,000 after buying an additional 17,326 shares during the last quarter. Finally, Van ECK Associates Corp raised its holdings in Sandstorm Gold by 7.5% during the 2nd quarter. Van ECK Associates Corp now owns 22,575,858 shares of the mining company’s stock valued at $101,591,000 after buying an additional 1,578,431 shares during the last quarter.

About Sandstorm Gold (NYSEAMERICAN:SAND)

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.

See Also: Outstanding Shares

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