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So Far This Year, Sandstorm Gold Ltd. (SAND) Reached A New High 3 times

As of Thursday close, Sandstorm Gold Ltd.’s (NYSE:SAND) stock was up $0.06, moving up 1.08 percent to $5.63. The average number of shares traded per…

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This article was originally published by Fosters Leader

As of Thursday close, Sandstorm Gold Ltd.’s (NYSE:SAND) stock was up $0.06, moving up 1.08 percent to $5.63. The average number of shares traded per day over the past five days has been 1,280,692 shares. 3 times new highs have been achieved over the past 5 days, with a $0.22 gain in that time frame. In the last twenty days, the average volume was 1,403,828, while in the previous 50 days, it was 1,746,919.

Since last month, SAND stock retreated -12.97%. Shares of the company fell to $5.32 on 07/15/22, the lowest level in the past month. A 52-week high of $9.18 was reached on 04/13/22 after having rallying from a 52-week low of $5.30. Since the beginning of this year, SAND’s stock price has dropped by -10.16% or -$0.50, and marked a new high 22 times. However, the stock has declined by -38.67% since its 52-week high.

Valuation Metrics

Right now, Sandstorm Gold Ltd. (SAND) has a P/E ratio of about 37.13. Besides these, the trailing price-to-sales (P/S) ratio of 9.28, the price-to-book (PB) ratio of 1.74.

The latest dividend of $0.0160 per share was paid out, remained unchanged from last year’s $0.0160. On Monday April 4 2022, a $0.0005 dividend increase was announced.

Financial Health

Based on annual data, SAND earned $62.31 million in gross profit and brought in $114.86 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 $0.05 quarterly earnings, the actual figure was $0.05 per share. During the quarter, the company generated $26.12 million in EBITDA. The liabilities of Sandstorm Gold Ltd. were 32.13 million at the end of its most recent quarter ended March 30, and its total debt was $2.45 million.

Technical Picture

This quick technical analysis looks at Sandstorm Gold Ltd.’s (SAND) price momentum. With a historical volatility rate of 36.87%, the RSI 9-day stood at 47.22% on 21 July.

With respect to its five-day moving average, the current Sandstorm Gold Ltd. price is up by +3.92% percent or $0.22. At present, SAND shares trade -5.40% below its 20-day simple moving average and -20.13% percent below its 100-day simple moving average. However, the stock is currently trading approximately -9.32% below its SMA50 and +0.80% above its SMA200.

Stochastic coefficient K was 29.61% and Stochastic coefficient D was 24.56%, while ATR was 0.27. Given the Stochastic reading of 46.80% for the 14-day period, the RSI (14) reading has been calculated as 43.87%. As of today, the MACD Oscillator reading stands at -0.01, while the 14-day reading stands at -0.08.

Analyst Ratings

RBC Capital Mkts upgraded its rating on Sandstorm Gold Ltd. (NYSE: SAND) to a Sector perform in a note to investors on February 18, 2022. The analysts firm previously had an Underperform rating on the stock.Sandstorm Gold Ltd. (SAND) has been rated Overweight by analysts. According to 0 brokerage firms, SAND is a sell, and 2 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 7 recommending it as overweight.

With a median target price of $9.77, the current consensus forecast for the stock is $7.50 – $14.75. Based on these forecasts, analysts predict Sandstorm Gold Ltd. (SAND) will achieve an average price target of $9.83.


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