Stock Rating Upgrade
The Value Trend Rating for Sandstorm Gold Ltd (NYSE: SAND) improved recently from D to C reflecting improving fundamentals and high Appreciation Potential. Details supporting this higher rating are included in our next report.
Recent Price Action
On 5/3/24, Sandstorm Gold Ltd (NYSE: SAND) stock declined modestly by -2.0%, closing at $5.43. However, this decline was accompanied by below average trading volume at 72% of normal. The stock has performed in line with the market over the last nine months and has declined -1.1% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be in line with the cost of capital, SAND is expected to continue to be Value Creation neutral.
Sandstorm Gold has a current Value Trend Rating of C (Low Neutral). This VT Rating improved in recent days from D previously. With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Sandstorm Gold has a slightly negative Appreciation Score of 38 and a neutral Power Rating of 55, triggering the Low Neutral Value Trend Rating.
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