Sandstorm Gold Ltd’s recent filing unveils that its Stockholder (1) Orion Mine Finance Fund III LP acquired Company’s shares for reported $14.06 million on Oct 18 ’24. In the deal valued at $8.11 per share,1,733,823 shares were bought.
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Then, Orion Mine Finance Fund II LP bought 8,266,177 shares, generating $67,038,695 in total proceeds.
RBC Capital Mkts upgraded its Sandstorm Gold Ltd [SAND] rating to an Outperform from a a Sector perform in a research note published recently. BMO Capital Markets also remained covering SAND and has increased its forecast on August 17, 2022 with a “an Outperform” recommendation from previously “Market perform” rating.
Price Performance Review of SAND
On Tuesday, Sandstorm Gold Ltd [NYSE:SAND] saw its stock jump 5.88% to $6.48. Over the last five days, the stock has gained 10.77%. Sandstorm Gold Ltd shares have risen nearly 28.83% since the year began. Nevertheless, the stocks have risen 34.44% over the past one year. While a 52-week high of $6.38 was reached on 10/22/24, a 52-week low of $3.96 was recorded on 02/14/24. SMA at 50 days reached $5.84, while 200 days put it at $5.35.
Levels Of Support And Resistance For SAND Stock
The 24-hour chart illustrates a support level at 6.27, which if violated will result in even more drops to 6.05. On the upside, there is a resistance level at 6.60. A further resistance level may holdings at 6.71. The Relative Strength Index (RSI) on the 14-day chart is 70.98, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.28, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 2.38%. Stochastics %K at 85.93% indicates the stock is a selling.
How much short interest is there in Sandstorm Gold Ltd?
A steep rise in short interest was recorded in Sandstorm Gold Ltd stocks on 2024-09-30, dropping by -0.36 million shares to a total of 3.67 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 4.03 million shares. There was a decline of -9.78%, which implies that there is a negative sentiment for the stock.
