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Sandstorm Gold (SAND) in Focus: Stock Up 5.8% in Session

Zacks Equity Research
Updated

Sandstorm Gold Ltd. SAND was a big mover last session, as the company saw its shares rise roughly 6% on the day. The move came on solid volume with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $2.02 to $2.57 in the past one-month time frame.

This mining-gold industry stock witnessed two negative estimate revisions in the past 30 days. The Zacks Consensus Estimate also moved down over the same time frame, signaling trouble down the road. So make sure to keep an eye on this stock going forward to see if yesterday’s move higher lasts.

Sandstorm Gold has a Zacks Rank #5 (Strong Sell), while its Earnings ESP is negative.

However, a better-ranked stock in the same space is Agnico Eagle Mines Limited AEM, carrying a Zacks Rank #2 (Buy).

Is SAND going up? Or down? Predict to see what others think: Up or Down

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Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
AGNICO EAGLE (AEM): Free Stock Analysis Report
 
SANDSTORM GOLD (SAND): Free Stock Analysis Report
 
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Zacks Investment Research