Sandstorm Gold Ltd (NYSEAMERICAN:SAND) saw a significant growth in short interest in the month of February. As of February 15th, there was short interest totalling 3,562,654 shares, a growth of 23.0% from the January 31st total of 2,897,228 shares. Approximately 2.0% of the shares of the company are short sold. Based on an average daily volume of 2,114,096 shares, the short-interest ratio is presently 1.7 days.
A number of research firms recently weighed in on SAND. ValuEngine raised shares of Sandstorm Gold from a “sell” rating to a “hold” rating in a report on Tuesday, November 14th. Zacks Investment Research lowered shares of Sandstorm Gold from a “buy” rating to a “hold” rating in a research report on Friday, February 23rd. BMO Capital Markets set a $5.00 price objective on shares of Sandstorm Gold and gave the company a “hold” rating in a research report on Thursday, February 15th. Finally, Scotiabank raised their price objective on shares of Sandstorm Gold from $6.00 to $7.00 and gave the company an “outperform” rating in a research report on Thursday, December 21st. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company. Sandstorm Gold has a consensus rating of “Hold” and a consensus price target of $5.75.
Sandstorm Gold (SAND) remained flat at $$4.52 during midday trading on Wednesday. The company had a trading volume of 907,573 shares, compared to its average volume of 1,728,002. The firm has a market capitalization of $846.21, a PE ratio of 75.00 and a beta of -0.38. Sandstorm Gold has a 12 month low of $3.18 and a 12 month high of $5.64.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Highstreet Asset Management Inc. bought a new position in Sandstorm Gold during the fourth quarter valued at approximately $143,000. Tower Research Capital LLC TRC raised its position in Sandstorm Gold by 283.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 29,524 shares of the mining company’s stock valued at $185,000 after acquiring an additional 21,824 shares in the last quarter. Virtu Financial LLC raised its position in Sandstorm Gold by 110.0% during the third quarter. Virtu Financial LLC now owns 43,180 shares of the mining company’s stock valued at $113,000 after acquiring an additional 22,616 shares in the last quarter. Tiemann Investment Advisors LLC bought a new position in Sandstorm Gold during the third quarter valued at approximately $203,000. Finally, Millennium Management LLC acquired a new position in Sandstorm Gold during the fourth quarter valued at approximately $259,000.
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About Sandstorm Gold
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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