CoreCommodity Management LLC lessened its stake in Sandstorm Gold Ltd (NYSEAMERICAN:SAND) by 77.0% in the fourth quarter, Holdings Channel reports. The institutional investor owned 36,492 shares of the mining company’s stock after selling 122,076 shares during the quarter. CoreCommodity Management LLC’s holdings in Sandstorm Gold were worth $168,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in SAND. BlackRock Inc. increased its stake in Sandstorm Gold by 132.0% during the second quarter. BlackRock Inc. now owns 38,943 shares of the mining company’s stock valued at $175,000 after purchasing an additional 22,156 shares during the last quarter. Bank of America Corp DE increased its stake in Sandstorm Gold by 63.2% during the second quarter. Bank of America Corp DE now owns 44,754 shares of the mining company’s stock valued at $201,000 after purchasing an additional 17,326 shares during the last quarter. Wells Fargo & Company MN increased its stake in Sandstorm Gold by 8.0% during the third quarter. Wells Fargo & Company MN now owns 2,923,100 shares of the mining company’s stock valued at $10,903,000 after purchasing an additional 216,123 shares during the last quarter. CIBC World Markets Inc. increased its stake in Sandstorm Gold by 31.2% during the third quarter. CIBC World Markets Inc. now owns 131,592 shares of the mining company’s stock valued at $491,000 after purchasing an additional 31,276 shares during the last quarter. Finally, Canada Pension Plan Investment Board boosted its holdings in shares of Sandstorm Gold by 644.5% during the third quarter. Canada Pension Plan Investment Board now owns 671,147 shares of the mining company’s stock valued at $2,497,000 after acquiring an additional 581,000 shares during the period.

Several equities analysts have recently issued reports on SAND shares. Zacks Investment Research downgraded shares of Sandstorm Gold from a “strong-buy” rating to a “hold” rating in a report on Saturday, February 23rd. Canaccord Genuity reissued a “buy” rating on shares of Sandstorm Gold in a report on Monday, January 21st. Raymond James boosted their price target on shares of Sandstorm Gold from $5.75 to $6.00 and gave the company an “outperform” rating in a report on Thursday, February 21st. Finally, Royal Bank of Canada reissued a “buy” rating on shares of Sandstorm Gold in a report on Thursday, February 14th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $5.75.

SAND stock opened at $5.62 on Friday. Sandstorm Gold Ltd has a fifty-two week low of $3.47 and a fifty-two week high of $5.89.

Sandstorm Gold (NYSEAMERICAN:SAND) last posted its quarterly earnings data on Tuesday, February 19th. The mining company reported $0.01 earnings per share for the quarter, hitting the consensus estimate of $0.01. The company had revenue of $17.46 million during the quarter, compared to analyst estimates of $17.00 million.

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About Sandstorm Gold

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.

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

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