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Sandstorm Gold Ltd. (SAND) Analysis & Forecast for 2023

Sandstorm Gold Ltd. (NYSE: SAND) is 14.64% higher on its value in year-to-date trading and has touched a low of $4.51 and a high of $9.18 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The SAND stock was last observed hovering at around $5.98 in the last trading session, with the day’s gains setting it 0.05%.

Currently trading at $6.03, the stock is 7.24% and 12.16% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.36 million and changing 0.84% at the moment leaves the stock 1.25% off its SMA200. SAND registered -1.47% loss for a year compared to 6-month loss of 11.46%.

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The stock witnessed a 13.56% gain in the last 1 month and extending the period to 3 months gives it a 21.33%, and is 5.79% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.34% over the week and 3.52% over the month.

Current P/E ratio is 14.02 and Fwd P/E is 67.00. Distance from 52-week low is 33.70% and -34.31% from its 52-week high.

Sandstorm Gold Ltd. is expected to release its quarterly report on 05/10/2023.The EPS is expected to grow by 108.30% this year.

Sandstorm Gold Ltd. (SAND) Top Institutional Holders

The shares outstanding are 298.18M, and float is at 246.80M with Short Float at 1.71%.

Sandstorm Gold Ltd. (SAND): Who are the competitors?

The company’s main competitors (and peers) include Caledonia Mining Corporation Plc (CMCL) that is 33.96% higher over the past 12 months. Trilogy Metals Inc. (TMQ) is -49.94% down on the 1-year trading charts.

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