Sandstorm Gold Ltd. (NYSE:SAND) has seen 1.4 million shares traded in the recent trading session. The company, currently valued at $1.58B, closed the recent trade at $5.29 per share which meant 0.00% during that session. The SAND stock price is -73.53% off its 52-week high price of $9.18 and 14.74% above the 52-week low of $4.51. If we look at the company’s 10-day average daily trading volume, we find that it stood at 2.26 million shares traded. The 3-month trading volume is 2.80 million shares.
The consensus among analysts is that Sandstorm Gold Ltd. (SAND) is an Overweight stock at the moment, with a recommendation rating of 2.30. 0 analysts rate the stock as a Sell, while 2 rate it as Overweight. 2 out of 11 have rated it as a Hold, with 7 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is $0.03.
Sandstorm Gold Ltd. (NYSE:SAND) trade information
The highest price hit on Tuesday, 11/22/22 when the SAND stock price touched $5.29 or saw a rise of 2.58%. Year-to-date, Sandstorm Gold Ltd. shares have moved -14.68%, while the 5-day performance has seen it change 1.34%. Over the past 30 days, the shares of Sandstorm Gold Ltd. (NYSE:SAND) have changed 7.74%. Short interest in the company has seen 4.17 million shares shorted with days to cover at 1.05.
Wall Street analysts have a consensus price target for the stock at $8.81, which means that the shares’ value could jump 39.95% from the levels at last check today. The projected low price target is $7.08 while the price target rests at a high of $12.50. In that case, then, we find that the latest price level in today’s session is -136.29% off the targeted high while a plunge would see the stock gain -33.84% from the levels at last check today.
Sandstorm Gold Ltd. (SAND) estimates and forecasts
Figures show that Sandstorm Gold Ltd. shares have underperformed across the wider relevant industry. The company’s shares have lost -21.04% over the past 6 months, with this year growth rate of -14.29%, compared to -4.50% for the industry. Revenue growth from the last financial year stood is estimated to be 35.30%.
3 analysts offering their estimates for the company have set an average revenue estimate of $38.3 million for the current quarter. 1 have an estimated revenue figure of $31.2 million for the next quarter concluding in Dec 2022. Year-ago sales stood $29.53 million and $29.82 million respectively for this quarter and the next, and analysts expect sales will grow by 29.70% for the current quarter and 4.60% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 52.37% over the past 5 years.
Sandstorm Gold Ltd. is expected to release its next earnings report between February 15 and February 20 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Sandstorm Gold Ltd. (NYSE:SAND)’s Major holders
Insiders own 3.89% of the company shares, while shares held by institutions stand at 48.83% with a share float percentage of 50.80%. Investors are also buoyed by the number of investors in a company, with Sandstorm Gold Ltd. having a total of 262 institutions that hold shares in the company. The top two institutional holders are Van Eck Associates Corporation with over 20.42 million shares worth more than $121.51 million. As of Jun 29, 2022, Van Eck Associates Corporation held 6.85% of shares outstanding.
The other major institutional holder is Phoenix Holdings Ltd., with the holding of over 7.94 million shares as of Jun 29, 2022. The firm’s total holdings are worth over $47.24 million and represent 2.66% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are VanEck ETF Trust-VanEck Gold Miners ETF and VanEck ETF Trust-VanEck Junior Gold Miners ETF. As of Sep 29, 2022, the former fund manager holds about 4.83% shares in the company for having 14.41 million shares of worth $74.47 million while later fund manager owns 11.73 million shares of worth $60.66 million as of Sep 29, 2022, which makes it owner of about 3.93% of company’s outstanding stock.