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What Technical Indicators Show About Sandstorm Gold Ltd. (SAND)?

Sandstorm Gold Ltd. (NYSE:SAND) traded with a subtraction of -$0.08 to $6.35 on Friday, a downside of -1.24 percent. An average of 2,419,623 shares of…

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This article was originally published by Fosters Leader

Sandstorm Gold Ltd. (NYSE:SAND) traded with a subtraction of -$0.08 to $6.35 on Friday, a downside of -1.24 percent. An average of 2,419,623 shares of common stock have been traded in the last five days. There was a fall of -$0.53 in the past week, and it reached a new high 6 times over the past 12 months. The last 20 days have seen an average of 1,847,311 shares traded, while the 50-day average volume stands at 2,212,780.

SAND stock has increased by 1.10% in the last month. The company shares reached their 1-month lowest point of $6.04 on 06/14/22. With the stock rallying to its 52-week high on 04/13/22, shares of the company touched a low of $5.30 and a high of $9.18 in 52 weeks. It has reached a new high 22 times so far this year and achieved 3.71% or $0.11 in price. In spite of this, the price is down -30.83% from the 52-week high.

Valuation Metrics

Sandstorm Gold Ltd. (SAND) has a trailing price-to-earnings (P/E) ratio of 42.87. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 10.72, the price-to-book (PB) ratio at 2.01.

The company’s most recent quarterly dividend payment was $0.0160 a share, representing a up of 3.23% from $0.0155 last year. Its latest increase dividend $0.0005 reported on Monday April 4 2022.

Financial Health

Its gross profit as reported stood at $62.31 million compared to revenue of $114.86 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 $0.05 per share, but it turned out to be $0.05, a 0.00% surprise. For the quarter, EBITDA amounted to $26.12 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 16 June was 41.90%, suggesting the stock is Neutral, with historical volatility in this time frame at 58.11%.

As of today, SAND’s price is $6.29 -7.69% or -$0.53 from its 5-day moving average. SAND is currently trading -3.59% lower than its 20-day SMA and +0.56% higher than its 100-day SMA. However, the stock’s current price level is -25.21% below the SMA50 and +0.56% above the SMA200.

The stochastic %K and %D were 28.32% and 21.08%, respectively, and the average true range (ATR) was 0.31. With the 14-day stochastic at 25.73% and the average true range at 0.31, the RSI (14) stands at 42.28%. The stock has reached -0.18 on the 9-day MACD Oscillator while the 14-day reading was at -0.27.

Analyst Ratings

RBC Capital Mkts upgraded Sandstorm Gold Ltd. (NYSE: SAND) to a a Sector perform rating in its most recent analyst report. Previously, the stock was rated as an Underperform. The consensus rating for Sandstorm Gold Ltd. (SAND) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell SAND, while 2 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 2 analysts, while 7 others rate it as a “buy”.

What is SAND’s price target for the next 12 months?

Analysts predict a range of price targets between $8.50 and $14.75, with a median target of $10.00. Taking a look at these predictions, the average price target given by analysts for Sandstorm Gold Ltd. (SAND) stock is $10.34.


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