3 Gold Stocks to Invest in as Interest Rates Come Down [Yahoo! Finance]
Sandstorm Gold Ltd. Ordinary Shares (Canada) (SAND)
NASDAQ:AMEX Investor Relations:
sandstormgold.com/investors
Company Research
Source: Yahoo! Finance
Bullion has jumped 30.1% year to date compared with the 19.5% growth of the S&P 500. When bonds become less attractive, gold has historically rallied. This is because higher interest rates increase the burden on holding gold as it does not pay a yield. Hence, in an environment where interest rates are coming down and mega-cap growth stocks like tech are looking more lucrative than bonds, the sentiment about investing in gold gets a boost. Gold has been on the upswing in recent weeks after the announcement of the first set of rate cuts by the Fed. It has come very close to breaching the $2700/ounce mark and should continue to rise even further. At the moment, it is priced at $2,686.80. Central banks, especially in emerging markets, have heavily increased gold purchases to reduce their dependence on the U.S. dollar. These purchases have provided a steady support base for gold, reinforcing its upward momentum throughout the year. For example, China's central bank went on an 18-month
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SAND
News
- Sandstorm Gold Ltd. (NYSE: SAND) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
- Sandstorm Gold Ltd. (NYSE: SAND) had its price target raised by analysts at HC Wainwright from $11.50 to $12.00. They now have a "buy" rating on the stock.MarketBeat
- Sandstorm Gold Ltd (SAND) Q3 2024 Earnings Call Highlights: Record Margins and Strategic Debt ... [Yahoo! Finance]Yahoo! Finance
- Sandstorm Gold Royalties Announces 2024 Third Quarter Results [Yahoo! Finance]Yahoo! Finance
- Sandstorm Gold Royalties Announces 2024 Third Quarter ResultsPR Newswire
SAND
Sec Filings
- 11/13/24 - Form SC
- 11/8/24 - Form F-X
- 11/8/24 - Form F-10
- SAND's page on the SEC website