Sandstorm Gold Ltd (SAND): Choosing The Technical Investor Route

Sandstorm Gold Ltd (NYSE:SAND) does about 2.56M shares in volume on a normal day but saw 1418831 shares change hands in Tuesday’s trading. The company now has a market cap of 1.67B USD. Its current market price is $5.60, marking a decrease of -0.53% compared to the previous close of $5.63. The 52 week high reached by this stock is $5.83 whilst the lowest price level in 52 weeks is $3.96.

Sandstorm Gold Ltd (SAND) has a 20-day trading average at $5.53 and the current price is -3.95% off the 52-week high compared with 41.41% distance from its 52-week low. The 50-day simple moving average of the closing price is $5.26 and its 200-day simple moving average is $4.93. If we look at the stock’s price movements over the week, volatility stands at 2.43%, which increases to 2.92% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 55.94 to suggest the stock is neutral.

The consensus objective for the share price is $7.54, suggesting that the stock has a potential upside of 25.73% over the period.

The company shares received a number of brokerage firm price updates over the past month, with the latest being on March 02, 2023 when RBC Capital Mkts upgraded the stock to “Outperform” and issued a price target of $6.50. BMO Capital Markets upgraded its price target at $9.50-$9.

Sandstorm Gold Ltd (SAND) stock is down -0.36% over the week and 6.67% over the past month. Its price is 11.33% year-to-date and -2.44% over the past year.

To reach the target analysts have set, the stock logically needs to grow 25.73 percent from here.

The company has a return on investment of 1.17% and return on equity of 1.53%. The price to earnings ratio (P/E ratio) amounts to 77.89 while the forward price to earnings ratio is 39.74. The beta has a value of 1.13. Price to book ratio is 1.17 and price to sales ratio is 9.35.