Institutional Exposure To Sandstorm Gold Ltd (SAND)

Sandstorm Gold Ltd (SAND) concluded trading on Thursday at a closing price of $4.89, with 2.9 million shares of worth about $14.2 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -5.42% during that period and on March 14, 2024 the price saw a gain of about 0.20%. Currently the company’s common shares owned by public are about 297.67M shares, out of which, 246.26M shares are available for trading.

Stock saw a price change of 4.26% in past 5 days and over the past one month there was a price change of 21.04%. Year-to-date (YTD), SAND shares are showing a performance of -2.78% which decreased to -5.60% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $3.96 but also hit the highest price of $6.31 during that period. The average intraday trading volume for Sandstorm Gold Ltd shares is 2.17 million. The stock is currently trading 12.35% above its 20-day simple moving average (SMA20), while that difference is up 7.61% for SMA50 and it goes to -0.48% lower than SMA200.

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Sandstorm Gold Ltd (NYSE: SAND) currently have 297.67M outstanding shares and institutions hold larger chunk of about 48.94% of that.

The stock has a current market capitalization of $1.46B and its 3Y-monthly beta is at 1.08. PE ratio of stock for trailing 12 months is 35.43, while it has posted earnings per share of $0.14 in the same period. It has Quick Ratio of 3.32 while making debt-to-equity ratio of 0.32. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for SAND, volatility over the week remained 3.26% while standing at 3.22% over the month.

Analysts are in expectations that Sandstorm Gold Ltd (SAND) stock would likely to be making an EPS of $0.01 in the current quarter, while forecast for next quarter EPS is $0.01 and it is $0.14 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.01 which is $0.01 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.09 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -54.54% while it is estimated to increase by 81.89% in next year.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by RBC Capital Mkts on March 02, 2023 offering an Outperform rating for the stock and assigned a target price of $6.50 to it. Coverage by BMO Capital Markets stated Sandstorm Gold Ltd (SAND) stock as an Outperform in their note to investors on October 05, 2022, suggesting a price target of $8 for the stock. Stock get a Sector perform rating from RBC Capital Mkts on February 18, 2022.

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