Q3 EPS Estimates for Sandstorm Gold Lifted by Analyst

Sandstorm Gold Ltd. (NYSE:SAND) – Equities research analysts at National Bank Financial upped their Q3 2024 earnings per share (EPS) estimates for Sandstorm Gold in a report released on Tuesday, October 22nd. National Bank Financial analyst S. Nagle now forecasts that the company will post earnings of $0.04 per share for the quarter, up from their prior forecast of $0.03. The consensus estimate for Sandstorm Gold’s current full-year earnings is $0.09 per share.

A number of other analysts also recently weighed in on SAND. HC Wainwright increased their target price on Sandstorm Gold from $11.00 to $11.50 and gave the stock a “buy” rating in a report on Monday, August 5th. CIBC increased their price objective on shares of Sandstorm Gold from $9.00 to $9.50 and gave the stock a “neutral” rating in a research note on Wednesday, July 10th. StockNews.com raised shares of Sandstorm Gold from a “hold” rating to a “buy” rating in a report on Friday, September 27th. Finally, Royal Bank of Canada cut their price target on shares of Sandstorm Gold from $6.50 to $6.00 and set an “outperform” rating for the company in a report on Tuesday, September 10th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $8.25.

Sandstorm Gold Price Performance

Shares of NYSE SAND opened at $6.30 on Thursday. The business’s 50 day moving average is $5.87 and its 200-day moving average is $5.66. The firm has a market cap of $1.87 billion, a P/E ratio of 62.81 and a beta of 1.14. Sandstorm Gold has a 1-year low of $3.96 and a 1-year high of $6.50. The company has a current ratio of 1.99, a quick ratio of 1.99 and a debt-to-equity ratio of 0.27.

Sandstorm Gold (NYSE:SAND) last posted its earnings results on Thursday, August 1st. The company reported $0.03 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.01. The business had revenue of $41.37 million for the quarter, compared to analyst estimates of $40.50 million. Sandstorm Gold had a return on equity of 2.06% and a net margin of 17.55%. During the same period in the previous year, the firm earned $0.01 EPS.

Sandstorm Gold Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 25th. Stockholders of record on Tuesday, October 15th will be paid a $0.015 dividend. The ex-dividend date is Tuesday, October 15th. This represents a $0.06 annualized dividend and a dividend yield of 0.95%. This is an increase from Sandstorm Gold’s previous quarterly dividend of $0.01. Sandstorm Gold’s dividend payout ratio is currently 60.01%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of SAND. Pullen Investment Management LLC raised its stake in Sandstorm Gold by 14.0% during the third quarter. Pullen Investment Management LLC now owns 125,360 shares of the company’s stock worth $752,000 after buying an additional 15,384 shares during the last quarter. Allworth Financial LP acquired a new stake in Sandstorm Gold during the 3rd quarter worth about $60,000. Private Advisor Group LLC raised its position in shares of Sandstorm Gold by 2.2% in the 3rd quarter. Private Advisor Group LLC now owns 314,963 shares of the company’s stock worth $1,890,000 after acquiring an additional 6,669 shares in the last quarter. Quent Capital LLC acquired a new position in shares of Sandstorm Gold in the 3rd quarter valued at about $183,000. Finally, Cubist Systematic Strategies LLC lifted its stake in shares of Sandstorm Gold by 266.3% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 88,124 shares of the company’s stock valued at $479,000 after purchasing an additional 64,063 shares during the period. 51.97% of the stock is owned by institutional investors.

About Sandstorm Gold

Sandstorm Gold Ltd. operates as a gold royalty company. The company focuses on acquiring royalties and gold and other metals purchase agreements from companies that have advanced stage operating mines. It offers upfront payments for companies to acquire a stream and receives the right to purchase a percentage of a mine's production for the life of the mine.