Sandstorm Gold Ltd. (NYSE:SAND) finished Thursday with an addition of $0.06 to close at $5.37, an upside of 1.13 percent. An average of 1,056,246 shares of common stock have been traded in the last five days. There was a gain of $0.01 in the past week, and it reached a new high 3 times over the past 12 months. The last 20 days have seen an average of 1,293,971 shares traded, while the 50-day average volume stands at 2,210,017.
SAND stock has decreased by -3.59% in the last month. The company shares reached their 1-month lowest point of $5.18 on 08/03/23. With the stock rallying to its 52-week high on 04/13/23, shares of the company touched a low of $4.51 and a high of $6.72 in 52 weeks. It has reached a new high 14 times so far this year and achieved 2.09% or $0.11 in price. In spite of this, the price is down -20.07% 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 16.27. The stock’s beta is 0.98. Other valuation ratios to consider include the price-to-book (PB) ratio at 1.13.
Financial Health
Sandstorm Gold Ltd.’s EBITDA margin for the year ending June 29 is 70.59%. Its gross profit as reported stood at $65.59 million compared to revenue of $148.73 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 $0.02 per share, but it turned out to be $0.01, a -50.00% surprise. For the quarter, EBITDA amounted to $28.93 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 10 August was 51.04%, suggesting the stock is Neutral, with historical volatility in this time frame at 25.38%.
As of today, SAND’s price is $5.33 +0.19% or $0.01 from its 5-day moving average. SAND is currently trading -3.59% lower than its 20-day SMA and -9.75% lower than its 100-day SMA. However, the stock’s current price level is +0.37% above the SMA50 and +9.37% above the SMA200.
The stochastic %K and %D were 34.13% and 30.25%, respectively, and the average true range (ATR) was 0.15. With the 14-day stochastic at 45.24% and the average true range at 0.16, the RSI (14) stands at 50.67%. The stock has reached -0.01 on the 9-day MACD Oscillator while the 14-day reading was at -0.05.
Analyst Ratings
RBC Capital Mkts upgraded Sandstorm Gold Ltd. (NYSE: SAND) to a an Outperform rating in its most recent analyst report. Previously, the stock was rated as a Sector perform. The consensus rating for Sandstorm Gold Ltd. (SAND) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell SAND, while 1 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 2 analysts, while 8 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 $6.50 and $9.73, with a median target of $7.86. Taking a look at these predictions, the average price target given by analysts for Sandstorm Gold Ltd. (SAND) stock is $7.90.
