Why Sandstorm Gold Ltd. (SAND) Went Up Last Week?
We recently published a list of . In this article, we are going to take a look at where Sandstorm Gold Ltd. (NYSE:SAND) stands against other stocks that outperformed broader market last week.
Wall Street's main indices traded lower week-on-week as investor sentiment continued to be dragged by the ongoing trade tensions globally.
The tech-heavy Nasdaq was down by 2.59 percent versus its level on March 21. Meanwhile, the S&P 500 declined by 1.5 percent and the Dow Jones dropped by 0.956 percent.
Ten individual stocks, on the other hand, managed to stay stronger, three of which were particularly notable as funds flocking to gold assets spilled over into their stocks.
In this article, we listed last week's 10 top performers and detailed the reasons behind their gains.
To come up with the list, we considered only the stocks with a $2-billion market capitalization and $5 million trading volume.
A panoramic view of a gold mine, highlighting the company's global mining operations.
Shares of Sandstorm jumped to a new all-time high on Friday before a slight pullback occurred toward the end of the trading session to finish the week up by 11.5 percent at $7.57 versus the $6.79 on March 21.
As a company providing upfront financing to mining firms in exchange for royalties, funds flocking to precious metals, particularly gold, piqued investor interest in SAND.
At its current valuation, analysts believe that the company can now be considered overvalued.
In contrast, SAND resumed a buyback program of up to 20 million common shares on the Canadian stock exchange as it sees its shares undervalued. The total figure represents 7 percent of the firm's issued and outstanding common shares.
Also last week, SAND announced a dividend payout of C$0.02 per common share to shareholders of record as of April 14, 2025, to be paid on April 25, 2025.
Overall, SAND ranks 6th on our list of stocks that outperformed broader market last week. While we acknowledge the potential of SAND as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is as promising as SAND but trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.
Disclosure: None. This article is originally published at Insider Monkey.
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