Sandstorm Gold Ltd (NYSE:SAND) shares, rose in value on Friday, April 26, with the stock price up by 1.37% to the previous day’s close as strong demand from buyers drove the stock to $5.57.
Actively observing the price movement in the recent trading, the stock is buoying the session at $5.49. The PE ratio was 40.33 over 12-month period. Referring to stock’s 52-week performance, its high was $6.24, and the low was $3.96. On the whole, SAND has fluctuated by 8.27% over the past month.
The company’s Forward Dividend Ratio is 0.06, with its dividend yield at 1.06%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 174.46M, with a low estimate of 38M and a high estimate of 43M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 41.27M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that SAND’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium-term indicators have put the stock in the category of 75% Buy while long-term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of SAND currently trading nearly 3.29% and 13.77% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 61.35, while the 7-day volatility ratio is showing 3.21% which for the 30-day chart, stands at 3.66%. Furthermore, Sandstorm Gold Ltd (SAND)’s beta value is 1.09, and its average true range (ATR) is 0.19.
A comparison of Sandstorm Gold Ltd (SAND) with its peers suggests the former has fared considerably weaker in the market. SAND showed an intraday change of 1.37% in today’s session so far, and over the past year, it shrunk by -3.89%%.
Data on historical trading for Sandstorm Gold Ltd (NYSE:SAND) indicates that the trading volumes over the past 3 months, they’ve averaged 2.60 million. According to company’s latest data on outstanding shares, there are 297.67 million shares outstanding.
Nearly 17.35% of Sandstorm Gold Ltd’s shares belong to company insiders and institutional investors own 49.34% of the company’s shares. The stock has risen by 10.64% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the SAND stock heading into the next quarter.
