Sandstorm Gold Ltd (NYSE:SAND) shares, rose in value on Wednesday, May 07, with the stock price down by -1.69% to the previous day’s close as strong demand from buyers drove the stock to $8.71.
Actively observing the price movement in the last trading, the stock closed the session at $8.86. The PE ratio was 182.60 over 12-month period. Referring to stock’s 52-week performance, its high was $8.90, and the low was $4.92. On the whole, SAND has fluctuated by 26.23% over the past month.
With the market capitalization of Sandstorm Gold Ltd currently standing at about $2.56 billion, investors are eagerly awaiting this quarter’s results, scheduled for in June. The company’s Forward Dividend Ratio is 0.06, with its dividend yield at 0.66%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 293.3M, with a low estimate of 7.3M and a high estimate of 7.3M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 7.3M.
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 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 2.49, with the price of SAND currently trading nearly 4.45% and 17.67% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 63.90, while the 7-day volatility ratio is showing 3.61% which for the 30-day chart, stands at 4.27%. Furthermore, Sandstorm Gold Ltd (SAND)’s beta value is 0.47, and its average true range (ATR) is 0.33.
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 -1.69% in last session, and over the past year, it grew by 60.41%%.
Data on historical trading for Sandstorm Gold Ltd (NYSE:SAND) indicates that the trading volumes over the past 3 months, they’ve averaged 5.43 million. According to company’s latest data on outstanding shares, there are 296.40 million shares outstanding.
Nearly 11.19% of Sandstorm Gold Ltd’s shares belong to company insiders and institutional investors own 59.05% of the company’s shares. The stock has risen by 56.09% 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.
