Signition LP Invests $258,000 in Sandstorm Gold Ltd (NYSEAMERICAN:SAND)

Signition LP acquired a new position in shares of Sandstorm Gold Ltd (NYSEAMERICAN:SAND) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 46,600 shares of the mining company’s stock, valued at approximately $258,000.

Other large investors also recently bought and sold shares of the company. Waratah Capital Advisors Ltd. bought a new position in shares of Sandstorm Gold during the 1st quarter worth about $9,970,000. Bank of Montreal Can increased its stake in Sandstorm Gold by 41.0% in the first quarter. Bank of Montreal Can now owns 2,425,277 shares of the mining company’s stock valued at $13,291,000 after acquiring an additional 705,198 shares during the period. Koshinski Asset Management Inc. increased its stake in Sandstorm Gold by 17.3% in the second quarter. Koshinski Asset Management Inc. now owns 22,415 shares of the mining company’s stock valued at $124,000 after acquiring an additional 3,300 shares during the period. Two Sigma Advisers LP bought a new stake in Sandstorm Gold in the fourth quarter valued at about $108,000. Finally, Bar Harbor Trust Services increased its stake in Sandstorm Gold by 2.5% in the second quarter. Bar Harbor Trust Services now owns 1,071,989 shares of the mining company’s stock valued at $5,939,000 after acquiring an additional 26,510 shares during the period.

Shares of SAND traded up $0.27 on Friday, reaching $6.48. 1,671,507 shares of the company’s stock were exchanged, compared to its average volume of 1,478,035. Sandstorm Gold Ltd has a 12 month low of $3.47 and a 12 month high of $7.02.

Sandstorm Gold (NYSEAMERICAN:SAND) last posted its quarterly earnings results on Monday, August 12th. The mining company reported $0.01 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.02 by ($0.01). The company had revenue of $21.49 million for the quarter, compared to analyst estimates of $23.00 million.

A number of analysts recently weighed in on the stock. Canaccord Genuity reissued a “buy” rating on shares of Sandstorm Gold in a research note on Friday, July 19th. Zacks Investment Research cut shares of Sandstorm Gold from a “buy” rating to a “hold” rating in a research note on Saturday, August 10th. CIBC reissued a “hold” rating on shares of Sandstorm Gold in a research note on Monday, July 15th. Finally, TheStreet raised shares of Sandstorm Gold from a “c+” rating to a “b” rating in a research note on Wednesday. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $6.63.

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.

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

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