Is Sandstorm Gold Ltd. (SAND) A Good Investment?

Sandstorm Gold Ltd. (NYSE:SAND) finished Thursday with a subtraction of -$0.12 to close at $5.08, a downside of -2.31 percent. An average of 1,959,620 shares of common stock have been traded in the last five days. There was a fall of -$0.23 in the past week, and it reached a new high 14 times over the past 12 months. The last 20 days have seen an average of 2,262,800 shares traded, while the 50-day average volume stands at 3,143,920.

SAND stock has increased by 8.55% in the last month. The company shares reached their 1-month lowest point of $4.59 on 10/19/22. With the stock rallying to its 52-week high on 04/13/22, shares of the company touched a low of $4.51 and a high of $9.18 in 52 weeks. It has reached a new high 22 times so far this year and lost -18.06% or -$1.12 in price. In spite of this, the price is down -44.66% from the 52-week high.

Valuation Metrics

Sandstorm Gold Ltd. (SAND) has a trailing price-to-earnings (P/E) ratio of 33.87. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 7.55, the price-to-book (PB) ratio at 1.59.

The company’s most recent quarterly dividend payment was $0.0146 a share, representing a down of -8.75% from $0.0160 last year. Its latest decrease dividend $0.0014 reported on Thursday September 29 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 $0.2, a 300.00% surprise. For the quarter, EBITDA amounted to $33.81 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 17 November was 48.36%, suggesting the stock is Neutral, with historical volatility in this time frame at 43.42%.

As of today, SAND’s price is $5.21 -4.33% or -$0.23 from its 5-day moving average. SAND is currently trading +6.72% higher than its 20-day SMA and -18.46% lower than its 100-day SMA. However, the stock’s current price level is -14.48% below the SMA50 and -15.47% below the SMA200.

The stochastic %K and %D were 69.96% and 76.41%, respectively, and the average true range (ATR) was 0.22. With the 14-day stochastic at 59.26% and the average true range at 0.23, the RSI (14) stands at 48.76%. The stock has reached -0.04 on the 9-day MACD Oscillator while the 14-day reading was at 0.08.

Analyst Ratings

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 $7.08 and $12.50, with a median target of $9.00. Taking a look at these predictions, the average price target given by analysts for Sandstorm Gold Ltd. (SAND) stock is $8.89.

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