Sandstorm Gold Ltd (NYSE: SAND): To Buy Or Not To Buy, That Is The Question

Sandstorm Gold Ltd (SAND) concluded trading on Wednesday at a closing price of $6.42, with 9.25 million shares of worth about $59.4 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 15.05% during that period and on Wednesday the price saw a gain of about 4.05%. Currently the company’s common shares owned by public are about 296.40M shares, out of which, 263.08M shares are available for trading.

Stock saw a price change of 7.36% in past 5 days and over the past one month there was a price change of 13.43%. Year-to-date (YTD), SAND shares are showing a performance of 15.05% which increased to 53.96% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $3.99 but also hit the highest price of $6.67 during that period. The average intraday trading volume for Sandstorm Gold Ltd shares is 4.60 million. The stock is currently trading 3.20% above its 20-day simple moving average (SMA20), while that difference is up 9.67% for SMA50 and it goes to 11.47% higher than SMA200.

Sandstorm Gold Ltd (NYSE: SAND) currently have 296.40M outstanding shares and institutions hold larger chunk of about 60.09% of that.

The stock has a current market capitalization of $1.90B and its 3Y-monthly beta is at 1.07. PE ratio of stock for trailing 12 months is 134.59, while it has posted earnings per share of $0.05 in the same period. Its PEG reads 2.00 and has Quick Ratio of 1.95 while making debt-to-equity ratio of 0.25. 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 4.03% while standing at 3.37% over the month.

Stock’s fiscal year EPS is expected to rise by 233.62% while it is estimated to increase by 30.88% in next year. EPS is likely to grow at an annualized rate of 67.19% for next 5-years, compared to annual growth of -12.26% made by the stock over the past 5-years.

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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