PCJ Investment Counsel Ltd. Has $1.34 Million Holdings in Sandstorm Gold Ltd (SAND)

PCJ Investment Counsel Ltd. raised its position in shares of Sandstorm Gold Ltd (NYSEAMERICAN:SAND) by 34.6% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 245,720 shares of the mining company’s stock after buying an additional 63,230 shares during the period. PCJ Investment Counsel Ltd.’s holdings in Sandstorm Gold were worth $1,341,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in SAND. Renaissance Technologies LLC raised its holdings in Sandstorm Gold by 26.2% in the 3rd quarter. Renaissance Technologies LLC now owns 435,707 shares of the mining company’s stock worth $1,625,000 after purchasing an additional 90,507 shares in the last quarter. Morgan Stanley raised its holdings in Sandstorm Gold by 46.8% in the 3rd quarter. Morgan Stanley now owns 2,521,223 shares of the mining company’s stock worth $9,405,000 after purchasing an additional 803,505 shares in the last quarter. Virtu Financial LLC bought a new position in Sandstorm Gold in the 4th quarter worth $150,000. Bank of Montreal Can raised its holdings in Sandstorm Gold by 5.2% in the 4th quarter. Bank of Montreal Can now owns 1,720,079 shares of the mining company’s stock worth $7,929,000 after purchasing an additional 84,369 shares in the last quarter. Finally, Midas Management Corp bought a new position in Sandstorm Gold in the 4th quarter worth $124,000.

Shares of NYSEAMERICAN SAND opened at $5.21 on Wednesday. Sandstorm Gold Ltd has a 1 year low of $3.47 and a 1 year high of $5.89.

Sandstorm Gold (NYSEAMERICAN:SAND) last issued its quarterly earnings results on Tuesday, February 19th. The mining company reported $0.01 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.01. The business had revenue of $17.46 million for the quarter, compared to analysts’ expectations of $17.00 million.

A number of research analysts recently issued reports on the stock. Royal Bank of Canada reissued a “buy” rating on shares of Sandstorm Gold in a research report on Thursday, February 14th. Zacks Investment Research cut shares of Sandstorm Gold from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 10th. Finally, Raymond James set a $6.00 price target on shares of Sandstorm Gold and gave the company an “outperform” rating in a research report on Friday, April 5th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. Sandstorm Gold presently has an average rating of “Buy” and a consensus price target of $6.00.

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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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