Connor Clark & Lunn Investment Management Ltd. lifted its holdings in Sandstorm Gold Ltd. (NYSE:SAND) by 76.8% during the second quarter, HoldingsChannel.com reports. The firm owned 1,431,500 shares of the company’s stock after purchasing an additional 621,800 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in Sandstorm Gold were worth $11,304,000 as of its most recent SEC filing.
Several other hedge funds have also made changes to their positions in the company. Cove Street Capital LLC acquired a new position in shares of Sandstorm Gold in the first quarter valued at $8,000,000. Renaissance Technologies LLC grew its stake in Sandstorm Gold by 22.1% during the first quarter. Renaissance Technologies LLC now owns 4,494,840 shares of the company’s stock worth $30,557,000 after buying an additional 813,840 shares in the last quarter. Van ECK Associates Corp grew its stake in Sandstorm Gold by 3.3% during the second quarter. Van ECK Associates Corp now owns 21,437,636 shares of the company’s stock worth $169,143,000 after buying an additional 678,201 shares in the last quarter. Mad River Investors acquired a new stake in Sandstorm Gold during the second quarter worth about $3,066,000. Finally, Horizon Kinetics Asset Management LLC grew its stake in Sandstorm Gold by 11.7% during the first quarter. Horizon Kinetics Asset Management LLC now owns 2,859,006 shares of the company’s stock worth $19,441,000 after buying an additional 299,548 shares in the last quarter. 40.76% of the stock is currently owned by institutional investors and hedge funds.
NYSE SAND opened at $5.92 on Friday. The company has a fifty day simple moving average of $6.78 and a 200 day simple moving average of $7.48. Sandstorm Gold Ltd. has a 12-month low of $5.91 and a 12-month high of $9.31. The company has a market cap of $1.15 billion, a P/E ratio of 39.47 and a beta of 1.01.
Sandstorm Gold Profile
Sandstorm Gold Ltd. engages in the acquisition of gold and other metals purchase agreements and royalties. It operates through the following segments: Aurizona, Bachelor Lake, Black Fox, Bracemac-McLeod, Chapada, Diavik, Hounde, Karma, Ming, Santa Elena, and Yamana Silver Stream. The company was founded by Nolan Watson and David I.
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