How Does Wall Street Rate Shares Of Sandstorm Gold Ltd. (SAND)?

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Sandstorm Gold Ltd. (NYSE:SAND) saw an upside of 0.84% to close Tuesday at $6.03 after adding $0.05 on the day. The 5-day average trading volume is 2,128,780 shares of the company’s common stock. It has gained $6.13 in the past week and touched a new high 4 times within the past 5 days. An average of 2,172,885 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,339,246.

SAND’s 1-month performance is 13.56% or $0.70 on its low of $5.17 reached on 12/30/22. The company’s shares have touched a 52-week low of $4.51 and high of $9.18, with the stock’s rally to the 52-week high happening on 01/24/23. YTD, SAND has achieved 14.64% or $0.77 and has reached a new high 9 times. However, the current price is down -34.31% from the 52-week high price.

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Valuation Metrics

Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 12.83 while the price-to-book (PB) in the most recent quarter is 1.27.

The firm’s gross profit as reported stood at $62.31 million against revenue of $114.86 million.

Earnings Surprise

For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 64.21% to $16.4 million, while revenue of $0.0 was 100.0% off the previous quarter. Analysts expected SAND to announce $0.05 per share in earnings in its latest quarter, but it posted $0.2, representing a 300.00% surprise. EBITDA for the quarter stood at more than $33.81 million. SAND stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 571.95 million, with total debt at $2.32 million.

Let’s look briefly at Sandstorm Gold Ltd. (SAND) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 24 January was 65.94% to suggest the stock is trending Neutral, with historical volatility in this time period at 38.13%.

The stock’s 5-day moving average is $5.91, reflecting a +5.79% or $0.33 change from its current price. SAND is currently trading +14.86% above its 20-day SMA, +5.05% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +18.00% and SMA200 by-28.47%.

Stochastic %K and %D was 89.02% and 88.33% and the average true range (ATR) pointed at 0.21. The RSI (14) points at 63.39%, while the 14-day stochastic is at 85.07% with the period’s ATR at 0.21. The stock’s 9-day MACD Oscillator is pointing at 0.18 and 0.22 on the 14-day charts.

Analyst Ratings

Analysts offering their rating for SAND stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate SAND as a “sell,”, while 2 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 2 rates the stock as overweight while 7 have offered a “buy” rating.

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

Analysts have a consensus price target ranging from a low of $6.50 and a high of $9.33, with their median price target at $8.93. Looking at these predictions, the average price target given by analysts is for Sandstorm Gold Ltd. (SAND) stock is $8.43.

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