5 Most Promising Small-Cap Stocks According to Analysts

3. Sandstorm Gold Ltd. (NYSE:SAND)

Number of Hedge Fund Holders: 15

Average Upside Potential as of February 10: 49.62%

Sandstorm Gold Ltd. (NYSE:SAND) is a North American gold royalty company, involved in acquiring royalties and gold and other metals purchase agreements from mining companies. At the end of Q3 2022, 15 hedge funds were eager on Sandstorm Gold Ltd. (NYSE:SAND) and disclosed positions worth $120.5 million in the company.

This February, CIBC analyst Cosmos Chiu updated his price target on Sandstorm Gold Ltd. (NYSE:SAND) to C$10.50 from C$12.50 and maintained an Outperform rating on the shares.

Over the past 3 months, Sandstorm Gold Ltd. (NYSE:SAND) has received 5 Buy ratings and 1 Hold rating from Wall Street analysts. The stock has a consensus Strong Buy rating among analysts and is one of the most promising small-cap stocks to buy. The stock has an average price target of $7.93 which represents an upside of 49.62% from current levels.

As of December 31, Horizon Asset Management is the top investor in the company and has a position worth $33.49 million.

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