The stock of Sandstorm Gold Ltd. (NYSE:SAND) increased by $0.09 on Tuesday to at $5.51, up 1.62 percent. The last five days have seen an average of 1,160,489 shares of common stock traded. 14 times new highs were reached in the current year, with a gain of $0.24. The average number of shares traded over the last 20 days was 1,236,052, while the average volume over the last 50 days totaled 1,435,665.
SAND stock dropped -0.76% since last month. On 08/18/23, the company’s shares reached a one-month low of $5.01. The stock touched a high of $6.72 on 04/13/23, after rallying from a low of $4.51 in 52 weeks. The price of SAND stock has risen by 4.71% or $0.24 this year, reaching a new high 14 times. Still, the stock price is down -18.02% from the 52-week high.
Top 5 AI Stocks to Buy for 2023
The artificial intelligence (AI) revolution is already here. And it's about to change everything we know about everything.
According to Grand View Research, the global AI boom could grow from about $137 billion in 2022 to more than $1.81 trillion by 2030. And investors like you always want to get in on the hottest stocks of tomorrow. Here are five of the best ways to profit from the AI boom.
Click Here to Download the FREE Report.
Sponsored
Valuation Metrics
Sandstorm Gold Ltd. (SAND) has a trailing price-to-earnings (P/E) ratio of 39.34. Beta for the stock is 0.97.
Company paid $0.0150 per share in dividends, remained unchanged from $0.0150 last year. A $0.0003 dividend increase was reported on Friday March 31 2023.
Financial Health
Based on annual data, it had gross profit of $65.59 million and revenue of $148.73 million.
Earnings Surprise
According to Sandstorm Gold Ltd.’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $89.43 million, while revenues rose by 18.2% to $0.0. It was predicted that Sandstorm Gold Ltd.’s quarterly earnings would be $0.01, but it ended up being $0.02. EBITDA was $28.93 million for the quarter. At the end of Sandstorm Gold Ltd.’s most recent quarter ended June 29, its liabilities totaled 500.74 million, while its total debt was $468.78 million.
Technical Picture
Here’s a quick look at Sandstorm Gold Ltd.’s (SAND) price momentum from a technical perspective. As of 28 August, the RSI 9-day stood at 65.70%, suggesting the stock is Neutral, with a 23.03% historical volatility rate.
The stochastic %K and %D were 85.48% and 78.77% respectively, while the average true range (ATR) was 0.14. Based on the 14-day stochastic reading of 99.00%, the RSI (14) reading is 59.49%. On the 9-day MACD Oscillator, the stock is at 0.13, and the 14-day reading is at 0.14.
Analyst Ratings
In its most recent analyst report, RBC Capital Mkts raised its rating on Sandstorm Gold Ltd. (NYSE: SAND) to an Outperform. Prior to this, analysts firm rated the stock as a Sector perform. Analysts have assigned Sandstorm Gold Ltd. (SAND) an Buy rating. SAND is a stock that is recommended for selling by 0 brokerage firms, while 1 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 2 rates it overweight and 8 others recommend it as a buy.
What is SAND’s price target for the next 12 months?
The current consensus forecast for the stock is between $6.50 and $9.73, with a median target price of $7.86. In analyzing these forecasts, the average price target given by analysts for Sandstorm Gold Ltd. (SAND) is $7.88.
