While Sandstorm Gold Ltd has overperformed by 4.88%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, SAND fell by -9.84%, with highs and lows ranging from $6.31 to $3.96, whereas the simple moving average jumped by 14.01% in the last 200 days.
On March 02, 2023, RBC Capital Mkts Upgraded Sandstorm Gold Ltd (NYSE: SAND) to Outperform. BMO Capital Markets also Upgraded SAND shares as ‘Outperform’, setting a target price of $9 on the company’s shares in a report dated August 17, 2022. RBC Capital Mkts February 18, 2022d its ‘Underperform’ rating to ‘Sector Perform’ for SAND, as published in its report on February 18, 2022. RBC Capital Mkts’s report from June 28, 2021 suggests a price prediction of $7 for SAND shares, giving the stock a ‘Underperform’ rating. Canaccord Genuity also rated the stock as ‘Hold’.
Analysis of Sandstorm Gold Ltd (SAND)
SAND currently pays a dividend of $0.06 per share, which means investors will get a return regardless of the company’s performance over the next few months. Further, the quarter-over-quarter decrease in sales is -2.68%, showing a negative trend in the upcoming months.
In order to gain a clear picture of Sandstorm Gold Ltd’s future performance, a variety of well-rounded analysis and research techniques can be applied, with equity being the most critical. The goal here is to ensure that your current return on equity of 2.93% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 3.32, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
An average volume of 2.38M can be a very valuable indicator of volatility for SAND stock. On a monthly basis, the volatility of the stock is set at 3.67%, whereas on a weekly basis, it is put at 4.04%, with a gain of 3.71% over the past seven days. Furthermore, long-term investors anticipate a median target price of $6.99, showing growth from the present price of $5.59, which can serve as yet another indication of whether SAND is worth investing in or should be passed over.
How Do You Analyze Sandstorm Gold Ltd Shares?
In addition to the fundamentals, you should also consider how many employees own shares in the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 17.34%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 48.40% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
SAND shares are owned by institutional investors to the tune of 48.40% at present.
