Sandstorm Gold Ltd (SAND) Outlook Starting To Look Brighter?

Sandstorm Gold Ltd (SAND) concluded trading on Thursday at a closing price of $5.80, with 3.68 million shares of worth about $21.34 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 0.52% during that period and on November 21, 2024 the price saw a gain of about 2.11%. Currently the company’s common shares owned by public are about 297.67M shares, out of which, 263.78M shares are available for trading.

Stock saw a price change of 5.65% in past 5 days and over the past one month there was a price change of -9.38%. Year-to-date (YTD), SAND shares are showing a performance of 15.31% which increased to 23.67% 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 $6.50 during that period. The average intraday trading volume for Sandstorm Gold Ltd shares is 3.13 million. The stock is currently trading -0.91% below its 20-day simple moving average (SMA20), while that difference is down -2.97% for SMA50 and it goes to 5.80% higher than SMA200.

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Sandstorm Gold Ltd (NYSE: SAND) currently have 297.67M outstanding shares and institutions hold larger chunk of about 52.99% of that.

The stock has a current market capitalization of $2.41B and its 3Y-monthly beta is at 1.13. PE ratio of stock for trailing 12 months is 49.40, while it has posted earnings per share of $0.12 in the same period. It has Quick Ratio of 2.29 while making debt-to-equity ratio of 0.26. 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 2.39% while standing at 3.24% over the month.

Stock’s fiscal year EPS is expected to drop by -37.66% while it is estimated to increase by 135.42% 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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