Van ECK Associates Corp grew its position in Sandstorm Gold Ltd (NYSEAMERICAN:SAND) by 7.5% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 22,575,858 shares of the mining company’s stock after buying an additional 1,578,431 shares during the period. Van ECK Associates Corp owned approximately 12.22% of Sandstorm Gold worth $101,591,000 as of its most recent SEC filing.
Other institutional investors have also recently modified their holdings of the company. Natixis purchased a new position in Sandstorm Gold in the first quarter worth about $110,000. Community Financial Services Group LLC purchased a new position in shares of Sandstorm Gold during the second quarter valued at approximately $135,000. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp purchased a new position in shares of Sandstorm Gold during the first quarter valued at approximately $229,000. BlackRock Inc. raised its holdings in shares of 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. Finally, Granite Investment Partners LLC purchased a new position in shares of Sandstorm Gold during the second quarter valued at approximately $180,000.
SAND opened at $3.90 on Thursday. Sandstorm Gold Ltd has a twelve month low of $3.52 and a twelve month high of $5.64.
Separately, Zacks Investment Research cut shares of Sandstorm Gold from a “hold” rating to a “sell” rating in a report on Tuesday, July 17th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $5.83.
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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