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small-cap

One NYSE- Listed Mining Stock Stock at Resistance Level: SAND

Sep 19, 2024 | Team Kalkine
One NYSE- Listed Mining Stock Stock at Resistance Level: SAND

SAND
Investment Type
Small-Cap
Risk Level
Action
Rec. Price (US$)

Sandstorm Gold Ltd

Sandstorm Gold Ltd. (NYSE: SAND) offers financial support to gold mining companies via gold streaming and royalty agreements. From a geographical perspective, the company has a presence in North America, South & Central America, Africa, as well as Asia & Australia. Some of the notable royalties held by the company encompass Hod Maden, Santa Elena, Chapada, and Cerro Moro.

As per our previous US Dailies report published on ‘SAND’ on 17th Oct 2023, Kalkine provided an ‘Hold’ stance on the stock at USD 4.81 based on fundamental analysis and the stock price has now moved by ~24.74% since then and is trading above resistance 2.

Noted below are the details of support and resistance levels provided in our previous report:

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