The stock of Sandstorm Gold Ltd (NYSE: SAND) has increased by 1.48 when compared to last closing price of 6.09.Despite this, the company has seen a gain of 1.81% in its stock price over the last five trading days. prnewswire.com reported 2024-10-29 that YARDLEY, Pa., Oct. 29, 2024 /PRNewswire/ — Smart Sand, Inc. (NASDAQ: SND) (“Smart Sand” or the “Company”) announced today that it will release its third quarter financial results after the market closes on Tuesday, November 12, 2024.
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 62.74x compared to its average ratio, The 36-month beta value for SAND is at 1.14. Analysts have varying views on the stock, with 4 analysts rating it as a “buy,” 0 rating it as “overweight,” 1 as “hold,” and 0 as “sell.”
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The public float for SAND is 269.38M, and currently, shorts hold a 1.03% of that float. The average trading volume for SAND on November 05, 2024 was 2.66M shares.
SAND’s Market Performance
SAND’s stock has seen a 1.81% increase for the week, with a 4.92% rise in the past month and a 19.31% gain in the past quarter. The volatility ratio for the week is 2.61%, and the volatility levels for the past 30 days are at 2.88% for Sandstorm Gold Ltd The simple moving average for the past 20 days is 2.33% for SAND’s stock, with a 14.20% simple moving average for the past 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 3.67% 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 -4.92% of loss for the given period.
Volatility was left at 2.88%, however, over the last 30 days, the volatility rate increased by 2.61%, as shares surge +6.74% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +10.75% upper at present.
During the last 5 trading sessions, SAND rose by +1.81%, which changed the moving average for the period of 200-days by +29.83% in comparison to the 20-day moving average, which settled at $6.04. In addition, Sandstorm Gold Ltd saw 22.86% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at SAND starting from Orion Mine Finance Fund III LP, who proposed sale 676,191 shares at the price of $8.56 back on Oct 28 ’24. After this action, Orion Mine Finance Fund III LP now owns shares of Sandstorm Gold Ltd, valued at $5,788,195 using the latest closing price.
Orion Mine Finance Fund II LP, the Stockholder (1) of Sandstorm Gold Ltd, proposed sale 3,223,809 shares at $8.56 during a trade that took place back on Oct 28 ’24, which means that Orion Mine Finance Fund II LP is holding shares at $27,595,805 based on the most recent closing price.
Stock Fundamentals for SAND
Current profitability levels for the company are sitting at:
- 0.35 for the present operating margin
- 0.48 for the gross margin
The net margin for Sandstorm Gold Ltd stands at 0.17. The total capital return value is set at 0.03. Equity return is now at value 2.10, with 1.56 for asset returns.
Based on Sandstorm Gold Ltd (SAND), the company’s capital structure generated 0.21 points at debt to capital in total, while cash flow to debt ratio is standing at 0.29. The debt to equity ratio resting at 0.27. The interest coverage ratio of the stock is 1.58.
Currently, EBITDA for the company is 139.54 million with net debt to EBITDA at 2.97. When we switch over and look at the enterprise to sales, we see a ratio of 12.99. The receivables turnover for the company is 10.76for 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 1.99.
Conclusion
In conclusion, Sandstorm Gold Ltd (SAND) has had a better performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others 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.
