Alert: Positive Investment/Fundamental Signals (8/26/24)-Sandstorm Gold Ltd (NYSE: SAND)

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Sandstorm Gold Ltd (NYSE: SAND) has recently enjoyed extremely meaningful positive changes in investment behavior: the stock rose on very heavy volume, and its shorter term price trend turned up.

Sandstorm Gold Ltd (NYSE: SAND) has recently enjoyed notable positive changes in fundamentals: the consensus estimate for December, 2025 increased significantly, and the consensus estimate for December, 2024 increased significantly.

In light of these very positive signals we are reviewing our current Overall Rating of B. We would continue to view the shares with optimism pending completion of this review in the next several days.

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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 B (Positive). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Sandstorm Gold has a slightly negative Appreciation Score of 40 but a very high Power Rating of 89, with the Positive Value Trend Rating the result.

Recent Price Action

On 8/26/24, Sandstorm Gold Ltd (NYSE: SAND) stock increased 1.8%, closing at $5.68. Moreover, trading volume in this advance was exceptionally high at 228% of normal. The stock has risen 3.8% during the last week and has been exceptionally strong relative to the market over the last nine months.

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