How Sandstorm Gold Ltd. (SAND) Works From A Technical Perspective

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Sandstorm Gold Ltd. (NYSE:SAND) traded with a subtraction of -$0.03 to close at $5.21 on Friday, a downside of -0.54 percent. An average of 1,665,676 shares of common stock have been traded in the last five days. There was a fall of -$0.03 in the past week, and it reached a new high 19 times over the past 12 months. The last 20 days have seen an average of 2,299,694 shares traded, while the 50-day average volume stands at 2,325,152.

SAND stock has increased by 3.35% in the last month. The company shares reached their 1-month lowest point of $4.95 on 12/19/22. With the stock rallying to its 52-week high on 04/13/22, shares of the company touched a low of $4.51 and a high of $9.18 in 52 weeks. It has reached a new high 22 times so far this year and lost -15.48% or -$0.98 in price. In spite of this, the price is down -43.23% 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 12.48. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 11.15, the price-to-book (PB) ratio at 1.10.

The company’s most recent quarterly dividend payment was $0.0147 a share, representing a up of 0.68% from $0.0146 last year. Its latest increase dividend $0.0001 reported on Tuesday December 20 2022.

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 $0.03 per share, but it turned out to be $0.03, a 0.00% surprise. For the quarter, EBITDA amounted to $33.81 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 29 December was 48.24%, suggesting the stock is Neutral, with historical volatility in this time frame at 55.52%.

As of today, SAND’s price is $5.32 -0.67% or -$0.03 from its 5-day moving average. SAND is currently trading -4.66% lower than its 20-day SMA and -13.23% lower than its 100-day SMA. However, the stock’s current price level is +11.43% above the SMA50 and -33.82% below the SMA200.

The stochastic %K and %D were 43.67% and 60.04%, respectively, and the average true range (ATR) was 0.20. With the 14-day stochastic at 41.09% and the average true range at 0.20, the RSI (14) stands at 49.46%. The stock has reached -0.04 on the 9-day MACD Oscillator while the 14-day reading was at 0.00.

Analyst Ratings

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 $7.08 and $12.50, with a median target of $9.00. Taking a look at these predictions, the average price target given by analysts for Sandstorm Gold Ltd. (SAND) stock is $8.80.

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