Sandstorm Gold Ltd (NYSE: SAND) has seen a decline in its stock price by -0.51 in relation to its previous close of 5.85. However, the company has experienced a 5.05% gain in its stock price over the last five trading sessions. seekingalpha.com reported 2024-11-08 that Sandstorm Gold Ltd. (NYSE:SAND ) Q3 2024 Earnings Conference Call November 8, 2024 11:30 AM ET Company Participants Nolan Watson – CEO Erfan Kazemi – CFO David Awram – Co-Founder and SVP Conference Call Participants Heiko Ihle – H.C Wainwright Derick Ma – TD Cowen Brian McArthur – Raymond James Operator Good morning.
Is It Worth Investing in Sandstorm Gold Ltd (NYSE: SAND) Right Now?
The price-to-earnings ratio for Sandstorm Gold Ltd (NYSE: SAND) is above average at 49.57x, Company’s 36-month beta value is 1.12.Analysts have differing opinions on the stock, with 4 analysts rating it as a “buy,” 7 as “overweight,” 2 as “hold,” and 0 as “sell.”
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The public float for SAND is 263.78M, and currently, short sellers hold a 1.05% ratio of that floaft. The average trading volume of SAND on November 26, 2024 was 3.20M shares.
SAND’s Market Performance
The stock of Sandstorm Gold Ltd (SAND) has seen a 5.05% increase in the past week, with a -5.52% drop in the past month, and a 2.46% gain in the past quarter. The volatility ratio for the week is 2.70%, and the volatility levels for the past 30 days are at 3.26% for SAND. The simple moving average for the past 20 days is -0.09% for SAND’s stock, with a 5.88% 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 -2.38% 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 -10.46% of loss for the given period.
Volatility was left at 3.26%, however, over the last 30 days, the volatility rate increased by 2.70%, as shares sank -4.12% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -6.73% lower at present.
During the last 5 trading sessions, SAND rose by +5.05%, which changed the moving average for the period of 200-days by +32.27% in comparison to the 20-day moving average, which settled at $5.83. In addition, Sandstorm Gold Ltd saw 15.71% 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:
- 0.34 for the present operating margin
- 0.51 for the gross margin
The net margin for Sandstorm Gold Ltd stands at 0.2. The total capital return value is set at 0.03. Equity return is now at value 2.50, with 1.87 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 0.36. The debt to equity ratio resting at 0.26. The interest coverage ratio of the stock is 1.61.
Currently, EBITDA for the company is 167.51 million with net debt to EBITDA at 2.93. When we switch over and look at the enterprise to sales, we see a ratio of 12.05. The receivables turnover for the company is 7.24for 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 2.29.
Conclusion
In a nutshell, Sandstorm Gold Ltd (SAND) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
