
Sandstorm Gold (SAND) Stock Forecast & Price Target
Sandstorm Gold (SAND) Analyst Ratings
Bulls say
Sandstorm Gold Ltd has demonstrated significant growth potential, highlighted by an impressive 37% increase in estimates alongside a substantial 80% growth in Proven and Probable Reserves to 6.0Mt, featuring valuable metals including gold and silver. The firm's ability to leverage fixed cash costs related to its royalty streams positions it advantageously to benefit from rising gold spot prices, which further supports its long-term profitability. Additionally, the company's $7.4 million gain from investment revaluation underscores its robust financial management and improving balance sheet, reflecting optimism for future performance as it progresses through 2024.
Bears say
Sandstorm Gold Ltd reported a significant decline in attributable gold equivalent ounces (GEOs), with a 29% year-over-year drop impacting overall production levels. Despite a lesser decline in revenue of 17% year-over-year due to high gold prices, the decreasing volume of GEOs raises concerns about the company's future revenue stability and growth potential. Additionally, while management aims to reduce long-term debt below $350 million by the end of 2024, the need to focus on debt reduction could hinder investments in new projects or expansion, further affecting the company's market position.
This aggregate rating is based on analysts' research of Sandstorm Gold and is not a guaranteed prediction by Public.com or investment advice.
Sandstorm Gold (SAND) Analyst Forecast & Price Prediction
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