Sandstorm Gold Ltd. (SAND): What the Financials Tell Us

Sandstorm Gold Ltd. (NYSE:SAND) saw an upside of 3.12% to $5.29 after adding $0.16 on Wednesday. The 5-day average trading volume is 1,629,750 shares of the company’s common stock. It has gained $5.37 in the past week and touched a new high 2 times within the past 5 days. An average of 2,108,232 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,250,545.

SAND’s 1-month performance is -8.64% or -$0.43 on its low of $5.02 reached on 05/25/23. The company’s shares have touched a 52-week low of $4.51 and high of $7.07, with the stock’s rally to the 52-week high happening on 04/13/23. YTD, SAND has achieved 0.57% or $0.06 and has reached a new high 14 times. However, the current price is down -25.18% from the 52-week high price.

Valuation Metrics

Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 9.74 while the price-to-book (PB) in the most recent quarter is 1.07.

The firm’s gross profit as reported stood at $65.59 million against revenue of $148.73 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 $0.03 per share in earnings in its latest quarter, but it posted $0.09, representing a 200.00% surprise. EBITDA for the quarter stood at more than $41.82 million. SAND stock balance sheet for the quarter ending March 30 shows that total liabilities totaled 509.85 million, with total debt at $476.92 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 30 May was 44.52% to suggest the stock is trending Neutral, with historical volatility in this time period at 30.12%.

The stock’s 5-day moving average is $5.15, reflecting a +1.24% or $0.06 change from its current price. SAND is currently trading -11.69% above its 20-day SMA, -6.58% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -10.50% and SMA200 by-16.80%.

Stochastic %K and %D was 17.88% and 11.11% and the average true range (ATR) pointed at 0.16. The RSI (14) points at 42.08%, while the 14-day stochastic is at 35.06% with the period’s ATR at 0.17. The stock’s 9-day MACD Oscillator is pointing at -0.01 and -0.16 on the 14-day charts.

Analyst Ratings

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

Analysts have a consensus price target ranging from a low of $6.50 and a high of $9.28, with their median price target at $8.33. Looking at these predictions, the average price target given by analysts is for Sandstorm Gold Ltd. (SAND) stock is $8.10.

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