Sandstorm Gold Ltd (SAND) Sees Significant Growth in Short Interest

Sandstorm Gold Ltd (NYSEAMERICAN:SAND) was the target of a large increase in short interest during the month of September. As of September 14th, there was short interest totalling 3,672,714 shares, an increase of 15.1% from the August 31st total of 3,191,477 shares. Based on an average daily volume of 1,330,232 shares, the short-interest ratio is presently 2.8 days.

A number of institutional investors have recently added to or reduced their stakes in the business. Resources Investment Advisors Inc. lifted its position in Sandstorm Gold by 81.4% during the 2nd quarter. Resources Investment Advisors Inc. now owns 36,317 shares of the mining company’s stock worth $163,000 after acquiring an additional 16,300 shares during the last quarter. Tower Research Capital LLC TRC lifted its position in Sandstorm Gold by 251.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 23,202 shares of the mining company’s stock worth $104,000 after acquiring an additional 16,602 shares during the last quarter. Swiss National Bank lifted its position in Sandstorm Gold by 5.6% during the 1st quarter. Swiss National Bank now owns 321,162 shares of the mining company’s stock worth $1,529,000 after acquiring an additional 17,100 shares during the last quarter. Bank of America Corp DE lifted its position in Sandstorm Gold by 63.2% during the 2nd quarter. Bank of America Corp DE now owns 44,754 shares of the mining company’s stock worth $201,000 after acquiring an additional 17,326 shares during the last quarter. Finally, AGF Investments Inc. lifted its position in Sandstorm Gold by 3.8% during the 2nd quarter. AGF Investments Inc. now owns 501,000 shares of the mining company’s stock worth $2,252,000 after acquiring an additional 18,200 shares during the last quarter.

Sandstorm Gold stock opened at $3.76 on Thursday. Sandstorm Gold has a fifty-two week low of $3.52 and a fifty-two week high of $5.64.

Separately, Zacks Investment Research raised shares of Sandstorm Gold from a “sell” rating to a “hold” rating in a research note on Wednesday, September 12th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $5.83.

Sandstorm Gold Company 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.

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