Sandstorm Gold Ltd. (NYSE: SAND) Loses -4.99% From High. Why That Could Change?

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    With over 3.12 million Sandstorm Gold Ltd. (SAND) shares trading Wednesday and a closing price of $10.10 on the day, the dollar volume was approximately $31.53 million. The shares have shown a positive weekly performance of 3.90% and its price on 07/28/20 lost nearly -2.70%. Currently, there are 190.05M common shares owned by the public and among those 187.54M shares have been available to trade.

    An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 10 analysts who have offered their price forecasts for SAND have a consensus price objective of $10.19. The analysts have set the share’s price value over the next 12 months at a high of $11.78 and a low of $8.10 should the stock experience a downside. Incidentally, analysts’ outlook for the Sandstorm Gold Ltd. stock is 2.20 for the next 12 months. The average price target is -70.03% below its last price level and a downside to the estimated low will see the stock lose -24.69% over that period. But an upside of 14.26% will see the stock hit the forecast high price target while mean target price for the stock is $10.21.

    The top 3 mutual fund holders in Sandstorm Gold Ltd. are VanEck Vectors – Gold Miners ETF, VanEck Vectors – Junior Gold Mine, and Invesco Gold & Precious Metals Fu. VanEck Vectors – Gold Miners ETF owns 10.39 million shares of the company’s stock, all valued at over $100.0 million. The company sold 14376.0 shares recently to bring their total holdings to about 5.47% of the shares outstanding. VanEck Vectors – Junior Gold Mine bought 7422.0 shares to see its total holdings expand to 7.83 million shares valued at over $75.34 million and representing 4.12% of the shares outstanding. Invesco Gold & Precious Metals Fu now owns shares totaling to 0.83% of the shares outstanding.

    Shares of Sandstorm Gold Ltd. (NYSE: SAND) opened at $10.37, down -$0.01 from a prior closing price of $10.38. However, the script later closed the day at $10.10, down -2.70%. The company’s stock has a 5-day price change of 3.90% and 29.91% over the past three months. SAND shares are trading 39.33% year to date (YTD), with the 12-month market performance up to 59.69% higher. It has a 12-month low price of $3.32 and touched a high of $10.63 over the same period. Currently, 3.12 million shares have been traded, compared to an average intraday trading volume of 2.52 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 3.13%, 11.61%, and 39.61% respectively.

    Institutional ownership of Sandstorm Gold Ltd. (NYSE: SAND) shares accounts for 51.50% of the company’s 190.05M shares outstanding. Mutual fund holders own –, while other institutional holders and individual stakeholders account for — and — respectively.

    It has a market capitalization of $1.97B. The stock’s trailing 12-month PE ratio is 519.00, while the earnings-per-share (ttm) stands at $0.02. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.53% over the week and 3.82% over the month.

    Analysts forecast that Sandstorm Gold Ltd. (SAND) will achieve an EPS of $0.01 for the current quarter, $0.02 for the next quarter and $0.08 for 2018. The lowest estimate earnings-per-share for the quarter is $0.01 while analysts give the company a high EPS estimate of $0.02. Comparatively, EPS for the current quarter was $0 a year ago. Earnings per share for the fiscal year are expected to decrease by -64.70%, and 33.30% over the next financial year.

    If you are looking to buy this stock, then you may note that the average analyst recommendation by 10 brokerage firm advisors rate Sandstorm Gold Ltd. (SAND) as a “Moderate Buy” at a consensus score of 2.20. Specifically, 4 Wall Street analysts polled rate the stock as a buy, while 5 of the 10 advise that investors “hold,” and 0 rated it as a “Sell.”

    Looking at the support for the SAND, a number of firms have released research notes about the stock. CIBC stated their Sector Outperform rating for the stock in a research note on October 31, 2019, with the firm’s price target at. Raymond James coverage for the Sandstorm Gold Ltd. (SAND) stock in a research note released on July 14, 2017 offered a Outperform rating with a price target of. RBC Capital Mkts was of a view on July 10, 2017 that the stock is Outperform, while CIBC gave the stock Sector Perform rating on June 22, 2017, issuing a price target of. TD Securities on their part issued Buy rating on July 11, 2016.

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