FY2024 EPS Estimates for Sandstorm Gold Increased by Analyst

Sandstorm Gold Ltd. (NYSE:SAND) – Analysts at National Bank Financial raised their FY2024 earnings per share (EPS) estimates for Sandstorm Gold in a research report issued to clients and investors on Tuesday, October 22nd. National Bank Financial analyst S. Nagle now forecasts that the company will post earnings per share of $0.09 for the year, up from their previous forecast of $0.07. The consensus estimate for Sandstorm Gold’s current full-year earnings is $0.09 per share. National Bank Financial also issued estimates for Sandstorm Gold’s FY2025 earnings at $0.25 EPS.

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

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

Sandstorm Gold Stock Down 2.2 %

Shares of Sandstorm Gold stock opened at $6.16 on Friday. The business has a 50-day moving average price of $5.90 and a 200 day moving average price of $5.67. Sandstorm Gold has a fifty-two week low of $3.96 and a fifty-two week high of $6.50. The firm has a market cap of $1.83 billion, a P/E ratio of 77.00 and a beta of 1.14. The company has a quick ratio of 1.99, a current ratio of 1.99 and a debt-to-equity ratio of 0.27.

Hedge Funds Weigh In On Sandstorm Gold

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SAND. Perritt Capital Management Inc. acquired a new position in shares of Sandstorm Gold during the 1st quarter worth $31,000. Allworth Financial LP bought a new position in Sandstorm Gold during the third quarter valued at about $60,000. Mather Group LLC. acquired a new stake in shares of Sandstorm Gold in the second quarter worth about $67,000. Oak Family Advisors LLC acquired a new position in shares of Sandstorm Gold during the 2nd quarter valued at about $88,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Sandstorm Gold in the 2nd quarter valued at approximately $94,000. Institutional investors own 51.97% of the company’s stock.

Sandstorm Gold Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 25th. Shareholders of record on Tuesday, October 15th were given a $0.015 dividend. This is a positive change from Sandstorm Gold’s previous quarterly dividend of $0.01. This represents a $0.06 annualized dividend and a yield of 0.97%. The ex-dividend date was Tuesday, October 15th. Sandstorm Gold’s dividend payout ratio is presently 62.50%.

Sandstorm Gold Company Profile

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.