Sandstorm Gold Ltd (NYSE: SAND)’s stock price has decreased by -4.71 compared to its previous closing price of 5.52. However, the company has seen a 0.19% increase in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-17 that BYRN, WFC and SAND made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on April 17, 2023.
Is It Worth Investing in Sandstorm Gold Ltd (NYSE: SAND) Right Now?
Sandstorm Gold Ltd (NYSE: SAND) has a higher price-to-earnings ratio of 38.12x compared to its average ratio. SAND has 36-month beta value of 1.07. Analysts have mixed views on the stock, with 4 analysts rating it as a “buy,” 0 as “overweight,” 1 as “hold,” and 0 as “sell.”
The public float for SAND is 246.24M, and currently, short sellers hold a 2.80% ratio of that float. The average trading volume of SAND on April 23, 2024 was 2.58M shares.
SAND’s Market Performance
SAND stock saw an increase of 0.19% in the past week, with a monthly gain of 5.62% and a quarterly increase of 10.27%. The volatility ratio for the week is 3.12%, and the volatility levels for the last 30 days are 3.59% for Sandstorm Gold Ltd (SAND). The simple moving average for the last 20 days is -1.07% for SAND stock, with a simple moving average of 6.91% for the last 200 days.
Analysts’ Opinion of SAND
Many brokerage firms have already submitted their reports for SAND stocks, with RBC Capital Mkts repeating the rating for SAND by listing it as a “Outperform.” The predicted price for SAND in the upcoming period, according to RBC Capital Mkts is $6.50 based on the research report published on March 02, 2023 of the previous year 2023.
BMO Capital Markets, on the other hand, stated in their research note that they expect to see SAND reach a price target of $8, previously predicting the price at $9. The rating they have provided for SAND stocks is “Outperform” according to the report published on October 05th, 2022.
BMO Capital Markets gave a rating of “Outperform” to SAND, setting the target price at $9 in the report published on August 17th of the previous year.
SAND Trading at 9.40% from the 50-Day Moving Average
After a stumble in the market that brought SAND to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -15.71% of loss for the given period.
Volatility was left at 3.59%, however, over the last 30 days, the volatility rate increased by 3.12%, as shares surge +6.26% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +19.27% upper at present.
During the last 5 trading sessions, SAND rose by +0.19%, which changed the moving average for the period of 200-days by +6.05% in comparison to the 20-day moving average, which settled at $5.33. In addition, Sandstorm Gold Ltd saw 4.57% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for SAND
Current profitability levels for the company are sitting at:
- 0.47 for the present operating margin
- 0.56 for the gross margin
The net margin for Sandstorm Gold Ltd stands at 0.15. The total capital return value is set at 0.04. Equity return is now at value 2.93, with 2.14 for asset returns.
Based on Sandstorm Gold Ltd (SAND), the company’s capital structure generated 0.23 points at debt to capital in total, while cash flow to debt ratio is standing at 0.33. The debt to equity ratio resting at 0.31. The interest coverage ratio of the stock is 2.86.
Currently, EBITDA for the company is 139.54 million with net debt to EBITDA at 3.12. When we switch over and look at the enterprise to sales, we see a ratio of 11.22. The receivables turnover for the company is 11.23for trailing twelve months and the total asset turnover is 0.09. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.32.
Conclusion
To put it simply, Sandstorm Gold Ltd (SAND) has had a better performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
