CIBC Asset Management Inc grew its stake in shares of Sandstorm Gold Ltd (NYSEAMERICAN:SAND) by 41.7% in the fourth quarter, HoldingsChannel.com reports. The firm owned 962,780 shares of the mining company’s stock after buying an additional 283,504 shares during the quarter. CIBC Asset Management Inc’s holdings in Sandstorm Gold were worth $4,458,000 at the end of the most recent quarter.
Other large investors also recently added to or reduced their stakes in the company. Deutsche Bank AG raised its holdings in shares of Sandstorm Gold by 6.6% during the third quarter. Deutsche Bank AG now owns 2,988,972 shares of the mining company’s stock valued at $11,148,000 after acquiring an additional 185,038 shares in the last quarter. Wells Fargo & Company MN raised its holdings in shares of 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 acquiring an additional 216,123 shares in the last quarter. Morgan Stanley raised its holdings in shares of Sandstorm Gold by 46.8% during the third quarter. Morgan Stanley now owns 2,521,223 shares of the mining company’s stock valued at $9,405,000 after acquiring an additional 803,505 shares in the last quarter. Bank of Montreal Can raised its holdings in shares of Sandstorm Gold by 5.2% during the fourth quarter. Bank of Montreal Can now owns 1,720,079 shares of the mining company’s stock valued at $7,929,000 after acquiring an additional 84,369 shares in the last quarter. Finally, Capital International Investors bought a new position in shares of Sandstorm Gold during the third quarter valued at approximately $5,041,000.
Get Sandstorm Gold alerts:SAND opened at $5.46 on Friday. Sandstorm Gold Ltd has a 12-month low of $3.47 and a 12-month 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 (EPS) for the quarter, hitting analysts’ consensus estimates of $0.01. The firm had revenue of $17.46 million during the quarter, compared to the consensus estimate of $17.00 million.
SAND has been the subject of a number of recent analyst reports. Canaccord Genuity restated a “buy” rating on shares of Sandstorm Gold in a report on Monday, January 21st. TD Securities restated a “buy” rating on shares of Sandstorm Gold in a report on Thursday, November 15th. Royal Bank of Canada restated a “buy” rating on shares of Sandstorm Gold in a report on Thursday, February 14th. Raymond James upped their target price on Sandstorm Gold from $5.75 to $6.00 and gave the company an “outperform” rating in a report on Thursday, February 21st. Finally, Zacks Investment Research downgraded Sandstorm Gold from a “strong-buy” rating to a “hold” rating in a report on Saturday, February 23rd. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Sandstorm Gold has a consensus rating of “Buy” and an average target price of $5.75.
ILLEGAL ACTIVITY WARNING: This piece was posted by Ticker Report and is owned by of Ticker Report. If you are reading this piece on another website, it was copied illegally and reposted in violation of United States & international copyright and trademark legislation. The original version of this piece can be read at https://www.tickerreport.com/banking-finance/4205868/cibc-asset-management-inc-has-4-46-million-stake-in-sandstorm-gold-ltd-sand.html.
Sandstorm Gold Profile
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.
Read More: Stop Order
Want to see what other hedge funds are holding SAND? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sandstorm Gold Ltd (NYSEAMERICAN:SAND).
No comments:
Post a Comment