Earnings from Sandstorm Gold Ltd. [SAND] are scheduled on April 20, 2021, before the market opens. It is expected that the company will report weak earnings for the quarter ending Mar 2018.
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SAND Stock Earnings Outlook For The Current Quarter
The consensus estimates for the quarter suggest that the company would earn $0.01 per share on revenue of $19M. Taking a look at the future, the company is projected to report revenue of $19M at an earnings per share of $0.02 for the Jun 2018 quarter. The estimates represent year-over-year improvements of 17.70% in revenue and 14.30% in earnings per share for the company.
SAND Stock Earnings Forecast For The Current Year
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For the full financial year, Sandstorm Gold Ltd. [NYSE:SAND] is forecasted to generate revenue of $72.89M. The figure is about $4.61 million above what the company actually reported for the fiscal year 2017. In terms of EPS, it is estimated to be $0.07 in 2018, which is $0.02 higher than the figure in FY17. Based on current estimates, earnings are expected to grow 40.00% this year, 14.30% next year. With regard to sales, forecasts suggest an incline of 6.80% in current fiscal year and 17.70% over following year.
SAND Stock Price Performance
At the close of Monday’s session, Sandstorm Gold Ltd. [NYSE:SAND] finished down -1.43% at $7.57. The stock’s highest single-day price was $7.72, and its lowest was $7.54. Its price rose 1.20% in the last five days. Since the beginning of the year, Sandstorm Gold Ltd.’s shares are up nearly 5.58%. However, the share price is -28.79% below its one year high. The top price reached by the shares of the company was $7.90 on 04/16/21, while the 52-week low came on 03/04/21, when the shares were $5.96. In the past year, shares of the company have risen 17.91%. At 50 days, the moving average achieved is $6.83 while at 200 days, the moving average is $7.88. There were 1.56 million shares traded in the last session, down from 2.41 million in the previous session.
Sandstorm Gold Ltd. [NYSE:SAND] Stock Valuation Metrics
With a prevailing 12-month PE ratio of 108.14, Sandstorm Gold Ltd. [SAND] does not qualify as a good candidate for the list of underestimated low-priced stocks that should be purchased sooner rather than later. By this measure, the company’s stock is trading at a premium to the industry average of 20.00 times trailing earnings. Investors may find it helpful to look at historical price-sales ratios, and in the case of this stock, 15.83 PS value ratio is reported for the last one year of reported earnings. This is above the average return 1.84 for the industry, which means SAND offers an unattractive investment opportunity than its competitors do.
SAND Share Price Support And Resistance Levels
Based on the daily chart, the immediate backing lies around the 7.57 level, and the violation of this level will cause a further drop to 7.50 level. At the upper end, 7.86 remains a key resistance. As the stock increases, it may find resistance at 7.79. In the 14-day chart, the Relative Strength Index standing at 59.07 suggests a technical neutral stance while the MACD standing at 0.33 indicates price will decrease in the next trading period. Stochastic %K at 85.63% suggests selling the stock while Percent R indicator at 23.93% suggests bullish price movement.
How much is the short interest in Sandstorm Gold Ltd.?
There have been a drop in short interest in the Sandstorm Gold Ltd. Financial stock, with short interest up by 0.76 million shares to 4.08 million shares on Feb 25, 2021. According to data provided by Yahoo Finance, the short interest on Mar 30, 2021 stood at 4.84 million shares. This -18.63% decrease suggests some bullish sentiment was experienced by the stock.
How do analysts view Sandstorm Gold Ltd.?
In regard to the share price forecast for Sandstorm Gold Ltd. stock, the analysts, as surveyed by FactSet, forecast the price to reach $9.79 in the next twelve months, representing almost an 22.68% growth from its recent price of $7.57. Among Sandstorm Gold Ltd. stock projections, $14.75 is the highest analyst target for the stock, while $8.00 is the lowest. Despite this, 12 analysts who share their consensus rating for SAND in 2021 agree that the stock is an Overweight. The latest rating change took place on 2/16/21, when HC Wainwright & Co. Ratings launched coverage of the stock at “Buy” and assigned a price target of $14.8.