Analysts Issue Research Notes On Sandstorm Gold Ltd. (SAND)

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Sandstorm Gold Ltd. (NYSE:SAND) finished Wednesday with an addition of $0.03 to close at $6.18, an upside of 0.49 percent. An average of 4,415,940 shares of common stock have been traded in the last five days. There was a fall of -$0.34 in the past week, and it reached a new high 20 times over the past 12 months. The last 20 days have seen an average of 2,668,640 shares traded, while the 50-day average volume stands at 1,896,750.

SAND stock has increased by 4.39% in the last month. The company shares reached their 1-month lowest point of $5.34 on 09/01/22. With the stock rallying to its 52-week high on 04/13/22, shares of the company touched a low of $5.30 and a high of $9.18 in 52 weeks. It has reached a new high 22 times so far this year and lost -0.32% or -$0.02 in price. In spite of this, the price is down -32.68% from the 52-week high.


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Valuation Metrics

Sandstorm Gold Ltd. (SAND) has a trailing price-to-earnings (P/E) ratio of 19.31. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 13.45, the price-to-book (PB) ratio at 1.91.

Financial Health

Its gross profit as reported stood at $62.31 million compared to revenue of $114.86 million.

Earnings Surprise

In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $16.4 million in the quarter, while revenues were grew 64.21%. The analyst consensus anticipated Sandstorm Gold Ltd.’s latest quarter earnings to come in at $0.05 per share, but it turned out to be $0.2, a 300.00% surprise. For the quarter, EBITDA amounted to $22.93 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Sandstorm Gold Ltd. (SAND) price momentum. RSI 9-day as of the close on 21 September was 52.68%, suggesting the stock is Neutral, with historical volatility in this time frame at 51.87%.

As of today, SAND’s price is $6.17 -5.21% or -$0.34 from its 5-day moving average. SAND is currently trading +1.81% higher than its 20-day SMA and -18.90% lower than its 100-day SMA. However, the stock’s current price level is +10.75% above the SMA50 and +6.92% above the SMA200.

The stochastic %K and %D were 63.37% and 61.11%, respectively, and the average true range (ATR) was 0.31. With the 14-day stochastic at 60.95% and the average true range at 0.30, the RSI (14) stands at 52.81%. The stock has reached -0.05 on the 9-day MACD Oscillator while the 14-day reading was at 0.15.

Analyst Ratings

BMO Capital Markets upgraded Sandstorm Gold Ltd. (NYSE: SAND) to a an Outperform rating in its most recent analyst report. Previously, the stock was rated as a Market perform. The consensus rating for Sandstorm Gold Ltd. (SAND) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell SAND, while 2 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 2 analysts, while 7 others rate it as a “buy”.

What is SAND’s price target for the next 12 months?

Analysts predict a range of price targets between $7.50 and $13.25, with a median target of $9.77. Taking a look at these predictions, the average price target given by analysts for Sandstorm Gold Ltd. (SAND) stock is $9.67.

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