Watching Sandstorm Gold Ltd. (SAND) For Insider Activity

Sandstorm Gold Ltd. (NYSE:SAND) finished Wednesday with a subtraction of -$0.07 to close at $5.83, a downside of -1.19 percent. An average of 2,629,700 shares of common stock have been traded in the last five days. There was a fall of -$0.29 in the past week, and it reached a new high 1 time over the past 12 months. The last 20 days have seen an average of 2,496,530 shares traded, while the 50-day average volume stands at 2,799,562.

SAND stock has decreased by -2.02% in the last month. The company shares reached their 1-month lowest point of $5.41 on 03/27/23. With the stock rallying to its 52-week high on 04/13/23, shares of the company touched a low of $4.51 and a high of $8.75 in 52 weeks. It has reached a new high 14 times so far this year and achieved 10.84% or $0.57 in price. In spite of this, the price is down -33.37% from the 52-week high.

Valuation Metrics

Sandstorm Gold Ltd. (SAND) has a trailing price-to-earnings (P/E) ratio of 17.67. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 11.71, the price-to-book (PB) ratio at 1.23.

The company’s most recent quarterly dividend payment was $0.0150 a share, representing a up of 2.04% from $0.0147 last year. Its latest increase dividend $0.0003 reported on Friday March 31 2023.

Financial Health

Sandstorm Gold Ltd.’s EBITDA margin for the year ending December 30 is 70.59%. Its gross profit as reported stood at $65.59 million compared to revenue of $148.73 million.

Earnings Surprise

In the quarter under review, the net income was down 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 $0.01 per share, but it turned out to be -$0.01, a -200.00% surprise. For the quarter, EBITDA amounted to $39.33 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 19 April was 45.48%, suggesting the stock is Neutral, with historical volatility in this time frame at 32.90%.

As of today, SAND’s price is $5.99 -4.74% or -$0.29 from its 5-day moving average. SAND is currently trading +4.48% higher than its 20-day SMA and +10.21% higher than its 100-day SMA. However, the stock’s current price level is +7.76% above the SMA50 and -5.82% below the SMA200.

The stochastic %K and %D were 30.92% and 49.38%, respectively, and the average true range (ATR) was 0.22. With the 14-day stochastic at 20.00% and the average true range at 0.22, the RSI (14) stands at 50.84%. The stock has reached -0.19 on the 9-day MACD Oscillator while the 14-day reading was at -0.15.

Analyst Ratings

RBC Capital Mkts upgraded Sandstorm Gold Ltd. (NYSE: SAND) to a an Outperform rating in its most recent analyst report. Previously, the stock was rated as a Sector perform. The consensus rating for Sandstorm Gold Ltd. (SAND) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell SAND, while 0 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 2 analysts, while 8 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 $6.50 and $9.23, with a median target of $8.12. Taking a look at these predictions, the average price target given by analysts for Sandstorm Gold Ltd. (SAND) stock is $8.07.

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