At the last check on Friday, Sandstorm Gold Ltd.’s (NYSE:SAND) stock was up $0.14, moving up 2.67 percent to $5.37. The average number of shares traded per day over the past five days has been 1,544,965 shares. 1 time new highs have been achieved over the past 5 days, with a $0.03 gain in that time frame. In the last twenty days, the average volume was 1,504,791, while in the previous 50 days, it was 2,279,120.
Since last month, SAND stock rose 8.26%. Shares of the company fell to $4.93 on 07/06/23, the lowest level in the past month. A 52-week high of $6.72 was reached on 04/13/23 after having rallying from a 52-week low of $4.51. Since the beginning of this year, SAND’s stock price has risen by 2.09% or $0.11, and marked a new high 14 times. However, the stock has declined by -20.07% since its 52-week high.
Valuation Metrics
Right now, Sandstorm Gold Ltd. (SAND) has a P/E ratio of about 16.27. The stock’s beta is 0.98. Besides these, the trailing price-to-sales (P/S) ratio of 10.20, the price-to-book (PB) ratio of 1.12.
The latest dividend of $0.0150 per share was paid out, remained unchanged from last year’s $0.0150. On Friday March 31 2023, a $0.0003 dividend increase was announced.
Financial Health
Based on annual data, SAND earned $65.59 million in gross profit and brought in $148.73 million in revenue.
According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. SAND’s revenue rose 18.2% during the quarter, while net income inched up to $89.43 million. While analysts expected Sandstorm Gold Ltd. to report $0.02 quarterly earnings, the actual figure was $0.01 per share. During the quarter, the company generated $41.82 million in EBITDA. The liabilities of Sandstorm Gold Ltd. were 509.85 million at the end of its most recent quarter ended June 29, and its total debt was $476.92 million.
Technical Picture
This quick technical analysis looks at Sandstorm Gold Ltd.’s (SAND) price momentum. With a historical volatility rate of 44.14%, the RSI 9-day stood at 49.53% on 03 August.
With respect to its five-day moving average, the current Sandstorm Gold Ltd. price is up by +0.66% percent or $0.03. At present, SAND shares trade +3.76% above its 20-day simple moving average and +6.44% percent above its 100-day simple moving average. However, the stock is currently trading approximately +2.19% above its SMA50 and +13.64% above its SMA200.
Stochastic coefficient K was 18.60% and Stochastic coefficient D was 27.32%, while ATR was 0.17. Given the Stochastic reading of 37.50% for the 14-day period, the RSI (14) reading has been calculated as 50.21%. As of today, the MACD Oscillator reading stands at -0.10, while the 14-day reading stands at -0.14.
Analyst Ratings
RBC Capital Mkts upgraded its rating on Sandstorm Gold Ltd. (NYSE: SAND) to an Outperform in a note to investors on March 02, 2023. The analysts firm previously had a Sector perform rating on the stock.Sandstorm Gold Ltd. (SAND) has been rated Buy by analysts. According to 0 brokerage firms, SAND is a sell, and 1 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 2 analysts rate Sandstorm Gold Ltd. stock as buy, with 8 recommending it as overweight.
With a median target price of $8.16, the current consensus forecast for the stock is $6.50 – $9.28. Based on these forecasts, analysts predict Sandstorm Gold Ltd. (SAND) will achieve an average price target of $7.91.
