Sandstorm Gold Ltd. (NYSE:SAND) saw an upside of 0.79% to close Friday at $5.10 after adding $0.04 on the day. The 5-day average trading volume is 1,192,220 shares of the company’s common stock. It has gained $5.35 in the past week and touched a new high 1 time within the past 5 days. An average of 1,332,855 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,095,552.
SAND’s 1-month performance is -6.42% or -$0.48 on its low of $5.01 reached on 08/18/23. The company’s shares have touched a 52-week low of $4.51 and high of $6.72, with the stock’s rally to the 52-week high happening on 04/13/23. YTD, SAND has lost -3.04% or -$0.16 and has reached a new high 14 times. However, the current price is down -24.09% from the 52-week high price.
Valuation Metrics
SAND stock has a beta of 0.99.
The trailing 12-month EBITDA margin is 70.59%. The firm’s gross profit as reported stood at $65.59 million against revenue of $148.73 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 $0.02 per share in earnings in its latest quarter, but it posted $0.01, representing a -50.00% surprise. EBITDA for the quarter stood at more than $28.93 million. SAND stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 500.74 million, with total debt at $468.78 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 18 August was 35.51% to suggest the stock is trending Neutral, with historical volatility in this time period at 17.59%.
The stock’s 5-day moving average is $5.15, reflecting a -4.49% or -$0.24 change from its current price. SAND is currently trading -6.76% above its 20-day SMA, -9.89% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -4.67% and SMA200 by+3.03%.
Stochastic %K and %D was 8.92% and 9.12% and the average true range (ATR) pointed at 0.14. The RSI (14) points at 40.52%, while the 14-day stochastic is at 18.00% with the period’s ATR at 0.15. The stock’s 9-day MACD Oscillator is pointing at -0.13 and -0.17 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Sandstorm Gold Ltd. (NYSE: SAND), RBC Capital Mkts upgraded it to an Outperform rating. They previously had a Sector perform rating on the stock. Analysts offering their rating for SAND stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate SAND as a “sell,”, while 1 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 2 rates the stock as overweight while 8 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 $9.73, with their median price target at $7.86. Looking at these predictions, the average price target given by analysts is for Sandstorm Gold Ltd. (SAND) stock is $7.89.
