Stocks of Sandstorm Gold Ltd. (NYSE:SAND) traded higher last session on Wall Street, down -4.92% to $5.02.
According to the data, Sandstorm Gold Ltd. (NYSE:SAND) has 10 analysts covering its stock. The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $9.28 and a low of $6.50, we find $8.20. Given the previous closing price of $5.28, this indicates a potential upside of 55.3 percent. SAND stock price is now -7.72% away from the 50-day moving average and -7.06% away from the 200-day moving average. The market capitalization of the company currently stands at $1.50B.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
A total of 0 analysts have issued a hold rating and 8 have given it a buy rating. Brokers who have rated the stock have averaged $8.04 as their price target over the next twelve months.
With the price target maintained at $6.50, RBC Capital Mkts recently Upgraded its rating from Sector Perform to Outperform for Sandstorm Gold Ltd. (NYSE: SAND).
A total of 1.10% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in SAND stock. A new stake in Sandstorm Gold Ltd. shares was purchased by C WORLDWIDE GROUP HOLDING A/S during the first quarter worth $1,128,000. MAN GROUP PLC invested $966,000 in shares of SAND during the first quarter. In the first quarter, PENN CAPITAL MANAGEMENT COMPANY, LLC acquired a new stake in Sandstorm Gold Ltd. valued at approximately $802,000. GROUP ONE TRADING, L.P. acquired a new stake in SAND for approximately $665,000. CAMBRIDGE INVESTMENT RESEARCH ADVISORS, INC. purchased a new stake in SAND valued at around $405,000 in the second quarter. In total, there are 277 active investors with 59.77% ownership of the company’s stock.
Wednesday’s opening bell rang with an opening price of $5.23 for Sandstorm Gold Ltd. (NYSE: SAND). During the past 12 months, Sandstorm Gold Ltd. has had a low of $4.51 and a high of $6.72. The fifty day moving average price for SAND is $5.43 and a two-hundred day moving average price translates $5.40 for the stock.
The latest earnings results from Sandstorm Gold Ltd. (NYSE: SAND) was released for Mar, 2023. According to the Gold Company, earnings per share came in at $0.09, beating analysts’ expectations of $0.03 by 0.06. This compares to $0.05 EPS in the same period last year. The company reported revenue of $43.98 million for the quarter, compared to $35.37 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 24.36 percent. For the current quarter, analysts expect SAND to generate $40M in revenue.
Sandstorm Gold Ltd.(SAND) Company Profile
Sandstorm Gold Ltd. operates as a gold royalty company. The company focuses on acquiring royalties and gold and other metals purchase agreements (streams) from companies that have advanced stage development projects or operating mines. It offers upfront payments for companies to acquire a stream or royalty and receives the right to purchase a percentage of a mine’s production for the life of the mine at a fixed price per unit or at a fixed percentage of the spot price. The company has a portfolio of 250 streams and royalties. It primarily has operations in Canada, Mexico, the United States, Mongolia, Burkina Faso, Ecuador, South Africa, Ghana, Botswana, Cote D’Ivoire, Argentina, Brazil, Chile, Peru, Egypt, Ethiopia, Guyana, Paraguay, French Guiana, Turkey, Sweden, Fiji, and Australia. The company was formerly known as Sandstorm Resources Ltd. and changed its name to Sandstorm Gold Ltd. in February 2011. Sandstorm Gold Ltd. was incorporated in 2007 and is headquartered in Vancouver, Canada.
