Market Analysts see Sandstorm Gold Ltd. [SAND] gaining to $7. Time to buy?


Sandstorm Gold Ltd. [NYSE: SAND] traded at a low on 03/24/22, posting a -0.12 loss after which it closed the day’ session at $8.18. The company report on March 24, 2022 that Silver Sands Closes Over-Subscribed Private Placement Including Strategic Investment by Eric Sprott.

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Vancouver, British Columbia–(Newsfile Corp. – March 24, 2022) – Further to its news release dated March 9, 2022, Silver Sands Resources Corp. (CSE: SAND) (the “Company” or “Silver Sands”) is pleased to announce that it has closed its over-subscribed, non-brokered private placement for aggregate gross proceeds of C$1,345,000 (the “Private Placement”) through the issuance of up to 13,450,000 units of the Company (each a “Unit”) at a price of C$0.10 per Unit. Each Unit consists of one common share in the capital of the Company (each a “Share”) and one half of one common share purchase warrant (each whole warrant, a “Warrant”). Each Warrant entitles the holder to acquire one share at a price of C$0.15 per share for a period of 24 months following the date of issuance. The Warrants are subject to an acceleration right that allows the Company to give notice of an earlier expiry date if the Company’s share price on the CSE (or such other stock exchange the Shares may be trading on) is equal to or greater than C$0.30 for a period of 10 consecutive trading days.

The Company has paid 8% Cash Finders’ fees totaling $45,600 and issued 456,000 Finder’s Warrants which have the same terms as the subscribers’ warrants described above.

The results of the trading session contributed to over 2787782 shares changing hands. Over the past one week, the price volatility of Sandstorm Gold Ltd. stands at 3.17% while the volatility over the past one month is 4.60%.

The market cap for SAND stock reached $1.57 billion, with 191.43 million shares outstanding and 188.53 million shares in the current float. Compared to the average trading volume of 2.18M shares, SAND reached a trading volume of 2787782 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about Sandstorm Gold Ltd. [SAND]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for SAND shares is $10.08 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on SAND stock is a recommendation set at 2.80. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

RBC Capital Mkts have made an estimate for Sandstorm Gold Ltd. shares, keeping their opinion on the stock as Sector Perform, with their previous recommendation back on February 18, 2022. While these analysts kept the previous recommendation, RBC Capital Mkts dropped their target price from $8 to $7. The new note on the price target was released on June 28, 2021, representing the official price target for Sandstorm Gold Ltd. stock.

The Average True Range (ATR) for Sandstorm Gold Ltd. is set at 0.34, with the Price to Sales ratio for SAND stock in the period of the last 12 months amounting to 13.65. The Price to Book ratio for the last quarter was 2.55.

How has SAND stock performed recently?

Sandstorm Gold Ltd. [SAND] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 1.49. With this latest performance, SAND shares gained by 17.19% in over the last four-week period, additionally plugging by 36.56% over the last 6 months – not to mention a rise of 22.64% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for SAND stock in for the last two-week period is set at 65.20, with the RSI for the last a single of trading hit 64.08, and the three-weeks RSI is set at 64.94 for Sandstorm Gold Ltd. [SAND]. The present Moving Average for the last 50 days of trading for this stock 6.92, while it was recorded at 8.10 for the last single week of trading, and 6.78 for the last 200 days.

Sandstorm Gold Ltd. [SAND]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Sandstorm Gold Ltd. [SAND] shares currently have an operating margin of +38.61 and a Gross Margin at +53.84. Sandstorm Gold Ltd.’s Net Margin is presently recorded at +24.05.

Return on Equity for this stock inclined to 4.44, with Return on Assets sitting at 4.30.

Insider trade positions for Sandstorm Gold Ltd. [SAND]

There are presently around $635 million, or 46.87% of SAND stock, in the hands of institutional investors. The top three institutional holders of SAND stocks are: VAN ECK ASSOCIATES CORP with ownership of 19,043,566, which is approximately -8.592% of the company’s market cap and around 1.72% of the total institutional ownership; GREAT WEST LIFE ASSURANCE CO /CAN/, holding 5,901,868 shares of the stock with an approximate value of $48.28 million in SAND stocks shares; and HORIZON KINETICS ASSET MANAGEMENT LLC, currently with $44.68 million in SAND stock with ownership of nearly 1.184% of the company’s market capitalization.

Positions in Sandstorm Gold Ltd. stocks held by institutional investors increased at the end of February and at the time of the February reporting period, where 67 institutional holders increased their position in Sandstorm Gold Ltd. [NYSE:SAND] by around 5,574,622 shares. Additionally, 73 investors decreased positions by around 6,538,528 shares, while 53 investors held positions by with 65,526,889 shares. The mentioned changes placed institutional holdings at 77,640,039 shares, according to the latest SEC report filing. SAND stock had 28 new institutional investments in for a total of 895,704 shares, while 19 institutional investors sold positions of 685,850 shares during the same period.