As of Wednesday close, Sandstorm Gold Ltd.’s (NYSE:SAND) stock was down -$0.04, moving down -0.78 percent to $5.12. The average number of shares traded per day over the past five days has been 1,117,600 shares. 2 times new highs have been achieved over the past 5 days, with a -$0.17 fall in that time frame. In the last twenty days, the average volume was 1,302,440, while in the previous 50 days, it was 2,154,934.
Since last month, SAND stock retreated -8.24%. Shares of the company fell to $5.10 on 08/16/23, 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 dropped by -2.66% or -$0.14, and marked a new high 14 times. However, the stock has declined by -23.79% since its 52-week high.
Valuation Metrics
Right now, Sandstorm Gold Ltd. (SAND) has a P/E ratio of about 15.52. The stock’s beta is 0.98.
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 $28.93 million in EBITDA. The liabilities of Sandstorm Gold Ltd. were 500.74 million at the end of its most recent quarter ended June 29, and its total debt was $468.78 million.
Technical Picture
This quick technical analysis looks at Sandstorm Gold Ltd.’s (SAND) price momentum. With a historical volatility rate of 22.58%, the RSI 9-day stood at 34.19% on 16 August.
With respect to its five-day moving average, the current Sandstorm Gold Ltd. price is down by -3.21% percent or -$0.17. At present, SAND shares trade -8.73% below its 20-day simple moving average and -9.06% percent below its 100-day simple moving average. However, the stock is currently trading approximately -5.54% below its SMA50 and +1.99% above its SMA200.
Stochastic coefficient K was 14.02% and Stochastic coefficient D was 24.49%, while ATR was 0.14. Given the Stochastic reading of 4.17% for the 14-day period, the RSI (14) reading has been calculated as 40.39%. As of today, the MACD Oscillator reading stands at -0.08, while the 14-day reading stands at -0.12.
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 $7.86, the current consensus forecast for the stock is $6.50 – $9.73. Based on these forecasts, analysts predict Sandstorm Gold Ltd. (SAND) will achieve an average price target of $7.89.
