Creative Planning increased its holdings in shares of Sandstorm Gold Ltd (NYSEAMERICAN:SAND) by 32.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 31,643 shares of the mining company’s stock after buying an additional 7,700 shares during the period. Creative Planning’s holdings in Sandstorm Gold were worth $236,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also bought and sold shares of SAND. Great West Life Assurance Co. Can increased its stake in Sandstorm Gold by 8.2% in the third quarter. Great West Life Assurance Co. Can now owns 10,023,622 shares of the mining company’s stock valued at $56,605,000 after purchasing an additional 756,744 shares in the last quarter. Russell Investments Group Ltd. increased its stake in Sandstorm Gold by 2,412.6% in the third quarter. Russell Investments Group Ltd. now owns 176,787 shares of the mining company’s stock valued at $1,000,000 after purchasing an additional 169,751 shares in the last quarter. First Trust Advisors LP bought a new stake in Sandstorm Gold in the first quarter valued at approximately $727,000. Barclays PLC bought a new stake in Sandstorm Gold in the third quarter valued at approximately $442,000. Finally, Tocqueville Asset Management L.P. bought a new stake in Sandstorm Gold in the third quarter valued at approximately $282,000.
SAND has been the subject of several recent analyst reports. Zacks Investment Research raised shares of Sandstorm Gold from a “hold” rating to a “buy” rating and set a $7.75 target price for the company in a research note on Wednesday. Raymond James set a $7.00 target price on shares of Sandstorm Gold and gave the company an “outperform” rating in a research note on Friday, November 1st. Finally, CIBC raised shares of Sandstorm Gold from a “neutral” rating to a “sector outperform” rating and set a $11.25 target price for the company in a research note on Thursday, October 31st. Five equities research analysts have rated the stock with a buy rating, Sandstorm Gold presently has a consensus rating of “Buy” and a consensus target price of $8.67.
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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