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Sandstorm Gold Ltd. (SAND): Keep paying attention to its insider activity

Sandstorm Gold Ltd. (NYSE:SAND) saw an upside of 0.64% to $6.23 after adding $0.04 on Monday. The 5-day average trading volume is 2,255,344 shares of the…



This article was originally published by Fosters Leader

Sandstorm Gold Ltd. (NYSE:SAND) saw an upside of 0.64% to $6.23 after adding $0.04 on Monday. The 5-day average trading volume is 2,255,344 shares of the company’s common stock. It has gained $6.53 in the past week and touched a new high 2 times within the past 5 days. An average of 2,528,261 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,523,486.

SAND’s 1-month performance is -30.92% or -$2.69 on its low of $5.82 reached on 05/12/22. The company’s shares have touched a 52-week low of $5.30 and high of $9.31, with the stock’s rally to the 52-week high happening on 04/13/22. YTD, SAND has lost -0.16% or $0.02 and has reached a new high 22 times. However, the current price is down -33.08% from the 52-week high price.

Valuation Metrics

Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 10.33 while the price-to-book (PB) in the most recent quarter is 1.93.

The firm’s gross profit as reported stood at $62.31 million against revenue of $114.86 million.

Earnings Surprise

For the quarterly period ending March 30 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 $0.05 per share in earnings in its latest quarter, but it posted $0.05, representing a 0.00% surprise. EBITDA for the quarter stood at more than $26.12 million. SAND stock balance sheet for the quarter ending March 30 shows that total liabilities totaled 32.13 million, with total debt at $2.58 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 13 May was 27.67% to suggest the stock is trending oversold, with historical volatility in this time period at 45.39%.

The stock’s 5-day moving average is $6.18, reflecting a -1.89% or -$0.12 change from its current price. SAND is currently trading -28.75% above its 20-day SMA, +5.60% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -21.56% and SMA200 by-20.87%.

Stochastic %K and %D was 14.32% and 10.18% and the average true range (ATR) pointed at 0.36. The RSI (14) points at 29.59%, while the 14-day stochastic is at 20.05% with the period’s ATR at 0.36. The stock’s 9-day MACD Oscillator is pointing at -0.33 and -0.65 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 a Sector perform rating. They previously had an Underperform rating on the stock. Analysts offering their rating for SAND stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate SAND as a “sell,”, while 2 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 2 rates the stock as overweight while 7 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 $8.50 and a high of $14.75, with their median price target at $9.98. Looking at these predictions, the average price target given by analysts is for Sandstorm Gold Ltd. (SAND) stock is $10.29.

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