Marshall Wace North America L.P. Increases Holdings in Sandstorm Gold Ltd (NYSEAMERICAN:SAND)

Marshall Wace North America L.P. lifted its stake in Sandstorm Gold Ltd (NYSEAMERICAN:SAND) by 31.6% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 88,093 shares of the mining company’s stock after buying an additional 21,170 shares during the quarter. Marshall Wace North America L.P.’s holdings in Sandstorm Gold were worth $481,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of SAND. Waratah Capital Advisors Ltd. bought a new stake in shares of Sandstorm Gold during the 1st quarter worth approximately $9,970,000. Jennison Associates LLC bought a new position in shares of Sandstorm Gold in the 1st quarter worth $8,817,000. Bank of Montreal Can raised its position in shares of Sandstorm Gold by 41.0% in the 1st quarter. Bank of Montreal Can now owns 2,425,277 shares of the mining company’s stock worth $13,291,000 after acquiring an additional 705,198 shares in the last quarter. Great West Life Assurance Co. Can raised its position in shares of Sandstorm Gold by 4.4% in the 1st quarter. Great West Life Assurance Co. Can now owns 10,476,636 shares of the mining company’s stock worth $57,057,000 after acquiring an additional 440,814 shares in the last quarter. Finally, Deutsche Bank AG raised its position in shares of Sandstorm Gold by 13.6% in the 4th quarter. Deutsche Bank AG now owns 3,394,234 shares of the mining company’s stock worth $15,647,000 after acquiring an additional 405,262 shares in the last quarter.

NYSEAMERICAN SAND traded up $0.53 during trading hours on Thursday, reaching $6.43. The company’s stock had a trading volume of 4,561,355 shares, compared to its average volume of 1,331,208. Sandstorm Gold Ltd has a 1-year low of $3.47 and a 1-year high of $6.43.

Sandstorm Gold (NYSEAMERICAN:SAND) last released its quarterly earnings results on Tuesday, May 7th. The mining company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.01). The company had revenue of $18.17 million during the quarter, compared to the consensus estimate of $17.00 million.

Several research analysts recently weighed in on SAND shares. Raymond James set a $6.00 target price on Sandstorm Gold and gave the stock an “outperform” rating in a research note on Friday, April 5th. Zacks Investment Research downgraded EXACT Sciences from a “hold” rating to a “sell” rating in a research note on Tuesday, July 2nd. Finally, CIBC reissued a “hold” rating on shares of Sandstorm Gold in a report on Monday. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $6.00.

About Sandstorm Gold

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.

Further Reading: Reverse Stock Split

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

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