Sandstorm Gold Ltd (NYSE:SAND) finished Wednesday with a subtraction of -$0.04 to close at $4.65, a downside of -0.85 percent. An average of 1,774,220 shares of common stock have been traded in the last five days. There was a fall of -$0.46 in the past week, and it reached a new high 19 times over the past 12 months. The last 20 days have seen an average of 1,630,480 shares traded, while the 50-day average volume stands at 1,424,540.
SAND stock has decreased by -14.21% in the last month. The company shares reached their 1-month lowest point of $4.59 on 09/27/23. 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 $6.31 in 52 weeks. It has reached a new high 14 times so far this year and lost -11.60% or -$0.61 in price. In spite of this, the price is down -26.31% from the 52-week high.
Valuation Metrics
Sandstorm Gold Ltd (SAND) has a trailing price-to-earnings (P/E) ratio of 25.66. The stock’s beta is 1.01. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 8.04, the price-to-book (PB) ratio at 0.98.
The company has a payout ratio of 18.14%. The company’s most recent quarterly dividend payment was $0.0150 a share, without any change from last year. Its latest increase dividend $0.0003 reported on Friday March 31 2023.
Financial Health
The quick ratio of Sandstorm Gold Ltd for the three months ended June 29 was 1.92, and the current ratio was 1.92, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.33 and a total debt to equity ratio of 0.33 for the quarter ending June 29. Sandstorm Gold Ltd’s EBITDA margin for the year ending June 29 is 70.59%, while its operating margin for the same period stands at 29.24%. 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 27 September was 16.41%, suggesting the stock is oversold, with historical volatility in this time frame at 19.05%.
As of today, SAND’s price is $4.82 -9.00% or -$0.46 from its 5-day moving average. SAND is currently trading -15.15% lower than its 20-day SMA and -23.90% lower than its 100-day SMA. However, the stock’s current price level is -16.67% below the SMA50 and -12.43% below the SMA200.
The stochastic %K and %D were 4.03% and 3.57%, respectively, and the average true range (ATR) was 0.13. With the 14-day stochastic at 8.36% and the average true range at 0.13, the RSI (14) stands at 24.59%. The stock has reached -0.23 on the 9-day MACD Oscillator while the 14-day reading was at -0.31.
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”.
