Sandstorm Gold Ltd. (NYSE:SAND) does about 2.34M shares in volume on a normal day but saw 2238091 shares change hands in Friday trading. The company now has a market cap of 1.80B USD. Its current market price is $6.05, marking an increase of 2.72% compared to the previous close of $5.89. The 52 week high reached by this stock is $9.18 whilst the lowest price level in 52 weeks is $4.51. The script in recent trading has seen the stock touch a high of $6.0855 and a low of $5.81.
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Sandstorm Gold Ltd. (SAND) has a 20-day trading average at $5.59 and the current price is -34.10% off the 52-week high compared with 34.15% distance from its 52-week low. The 50-day simple moving average of the closing price is $5.36 and its 200-day simple moving average is $5.97. If we look at the stock’s price movements over the week, volatility stands at 4.22%, which decreases to 3.58% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 64.89 to suggest the stock is neutral.
11 analysts observing the Sandstorm Gold Ltd. (SAND) stock have set the 12-month price targets for the company’s shares at between $6.50 and $9.33. The consensus objective for the share price is $8.76, suggesting that the stock has a potential upside of 30.94% over the period. The median price target is 32.25% away from the current levels at $8.93.
FactSet Research has provided data showing that 11 brokerages have issued ratings for the stock. 0 analysts have rated it as a sell, while 2 advise that it is a overweight. 7 analysts have rated it as a buy and 2 have advised that investors hold their positions. The consensus recommendation rating is Overweight and Wall Street’s advice is for investors to Moderate Buy the stock.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on October 05, 2022 when BMO Capital Markets resumed the stock to “Outperform” and issued a price target of between $9 and $8. BMO Capital Markets upgraded the stock to “Outperform” from Market Perform on August 17, 2022 at a price target of $9.50-$9.
The current price level is 8.99%, 13.23%, and 1.17% away from its SMA20, SMA50, and SMA200 respectively, with the SAND price moving below the 50-day SMA on January 20. Sandstorm Gold Ltd. (SAND) stock is up 4.13% over the week and 21.73% over the past month. Its price is 15.02% year-to-date and -6.78% over the past year.
The stock last released its quarterly earnings report for quarter ended 6/29/2022, with the company’s earnings per share (EPS) of $0.2 above consensus estimates by $0.15. The company’s next earnings report is expected on 05/10/2023, with forecasts estimating quarterly EPS at $0.03 and $0.21 for whole year. SAND’s earnings per share are forecast to grow by 75.00% this year and -38.10% over next year. Expected sales for next quarter are $31.2 million, which analysts say will come at $155.43 million for the current fiscal year and next year at $190.6 million. In addition, estimates put the company’s current quarterly revenue at an average of $38.3 million.
Its 12-month price target is $8.93. To reach the target analysts have set, the stock logically needs to grow 30.94 percent from here. Of course, the average price target is just what the average analysts believe a stock will be worth in the next 52 weeks, and is only one metric. There are analysts with lower targets than the average, including one bearish Wall Street research firm advocating investors to wait for the price to pull back to $6.50, given the recent momentum. And then, on the bullish side of things, one analyst is expecting the stock to peak at $9.33.
Outstanding shares total 298.18M with insiders holding 3.89% of the shares and institutional holders owning 48.83% of the company’s common stock. The price to earnings ratio (P/E ratio) amounts to 14.07 while the forward price to earnings ratio is 67.22. Price to book ratio is 1.27 and price to sales ratio is 12.88.
According to a U.S. Securities and Exchange Commission filing, VanEck Gold Miners ETF has added its position in Sandstorm Gold Ltd. (SAND) to 15,504,341 shares, mirroring a recent increase by 0.31%. VanEck Gold Miners ETF added 48282.0 shares of Sandstorm Gold Ltd. common stock bringing its total worth to about $81.55 million at the end of recent close, SEC documents show. Invesco Gold and Special Minerals cut their holdings by -1.80% in the company over the course of the most recent quarter. It now holds a 1.46% position in Sandstorm Gold Ltd. thanks to 4.36 million shares amounting to $22.93 million.
