Sandstorm Gold Ltd. (NYSE:SAND) price on Friday, August 27, rose 2.35% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $6.32.
A look at the stock’s price movement, the level at last check in today’s session was $6.18, moving within a range at $6.1242 and $6.27. The beta value (5-Year monthly) was 0.90 while the PE ratio in trailing twelve months stood at 41.20. Turning to its 52-week performance, $9.67 and $5.96 were the 52-week high and 52-week low respectively. Overall, SAND moved -19.64% over the past month.
Sandstorm Gold Ltd.’s market cap currently stands at around $1.20 billion, with investors looking forward to this quarter’s earnings report slated for Oct 27, 2021 – Nov 01, 2021. Analysts project the company’s earnings per share (EPS) to be $0.01, which has seen fiscal year 2018 EPS growth forecast to increase to $0.07 and about $0.08 for fiscal year 2019. Per the data, EPS growth is expected to be 40.00% for 2021 and 14.30% for the next financial year.
Analysts have a consensus estimate of $19 million for the company’s revenue for the quarter, with a low and high estimate of $19 million and $19 million respectively. Wall Street analysts have also projected the company’s year-on-year revenue for 2018 to grow to $72.89 million, representing a 6.80% jump on that reported in the last financial year.
Revisions could be used as tool to get short term price movement insight, and for the company that in the past seven days was no upward and no downward review(s). Turning to the stock’s technical picture we see that short term indicators suggest on average that SAND is a 100% Sell. On the other hand, the stock is on average a Hold as suggested by medium term indicators while long term indicators are putting the stock in 50% Sell category.
12 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 4 analyst(s) rate the stock as a Hold, 6 recommend SAND as a Buy and 1 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 1 say it is a Sell. As such, the average rating for the stock is Overweight which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
SAND’s current price about -8.84% and -15.43% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 33.43, while 7-day volatility ratio is 2.49% and 2.95% in the 30-day chart. Further, Sandstorm Gold Ltd. (SAND) has a beta value of 0, and an average true range (ATR) of 0.22. Analysts have given the company’s stock an average 52-week price target of $10.01, forecast between a low of $7.00 and high of $11.93. Looking at the price targets, the low is -10.76% off recent price level in today’s trading while to achieve the yearly target high, it has to move -88.77%. Nonetheless, investors will most likely welcome a -59.34% jump to $10.07 which is the analysts’ median price.
In the market, a comparison of Sandstorm Gold Ltd. (SAND) and its peers suggest the former has performed considerably stronger. Data shows SAND’s intraday price has changed 2.35% today and -31.49% over the past year. Looking at another peer, we see that Caledonia Mining Corporation Plc (CMCL) price has gained 2.76% on the day. However, the stock is -36.65% off its price today a year ago. Moreover, Trilogy Metals Inc. (TMQ) is also up 0.98% in today’s trading while keeping a a downtrend of -1.44% over the past year. Elsewhere, the overall performance for the S&P 500 and Dow Jones Industrial shows that the indexes are up 0.90% and 0.73% respectively on the day as seen in early trades.
If we refocus on Sandstorm Gold Ltd. (NYSE:SAND), historical trading data shows that trading volumes averaged 1.46 million over the past 3 months. The company’s latest data on shares outstanding shows there are 194.57 million shares.
The 1.66% of Sandstorm Gold Ltd.’s shares are in the hands of company insiders while institutional holders own 46.38% of the company’s shares. Current price change has pushed the stock -13.81% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the SAND stock continues to rise going into the next quarter.