HC Wainwright Predicts Increased Earnings for Sandstorm Gold

Sandstorm Gold Ltd. (NYSE:SAND) – Investment analysts at HC Wainwright boosted their FY2025 earnings estimates for Sandstorm Gold in a research note issued on Monday, November 11th. HC Wainwright analyst H. Ihle now forecasts that the company will post earnings per share of $0.10 for the year, up from their prior estimate of $0.07. HC Wainwright has a “Buy” rating and a $12.00 price objective on the stock. The consensus estimate for Sandstorm Gold’s current full-year earnings is $0.09 per share.

Several other analysts have also recently commented on SAND. StockNews.com upgraded Sandstorm Gold from a “hold” rating to a “buy” rating in a report on Friday, September 27th. Royal Bank of Canada lowered their price objective on shares of Sandstorm Gold from $6.50 to $6.00 and set an “outperform” rating for the company in a research note on Tuesday, September 10th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, Sandstorm Gold currently has a consensus rating of “Moderate Buy” and an average price target of $8.35.

Sandstorm Gold Trading Down 0.5 %

Shares of SAND opened at $5.38 on Wednesday. Sandstorm Gold has a fifty-two week low of $3.96 and a fifty-two week high of $6.50. The stock has a fifty day moving average of $5.98 and a two-hundred day moving average of $5.72. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.29 and a current ratio of 2.29. The company has a market capitalization of $1.60 billion, a PE ratio of 44.80 and a beta of 1.13.

Sandstorm Gold (NYSE:SAND) last posted its quarterly earnings data on Thursday, November 7th. The company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.01). The company had revenue of $44.70 million for the quarter, compared to analysts’ expectations of $44.70 million. Sandstorm Gold had a return on equity of 2.44% and a net margin of 20.46%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets raised its holdings in shares of Sandstorm Gold by 28.0% during the 1st quarter. BNP Paribas Financial Markets now owns 76,831 shares of the company’s stock valued at $403,000 after buying an additional 16,812 shares during the period. SG Americas Securities LLC grew its position in Sandstorm Gold by 10.4% in the first quarter. SG Americas Securities LLC now owns 102,287 shares of the company’s stock valued at $537,000 after acquiring an additional 9,642 shares in the last quarter. Russell Investments Group Ltd. raised its stake in shares of Sandstorm Gold by 3.5% during the first quarter. Russell Investments Group Ltd. now owns 474,651 shares of the company’s stock valued at $2,491,000 after purchasing an additional 15,868 shares during the period. Clearbridge Investments LLC lifted its position in shares of Sandstorm Gold by 48.1% during the first quarter. Clearbridge Investments LLC now owns 384,921 shares of the company’s stock worth $2,021,000 after purchasing an additional 125,096 shares in the last quarter. Finally, Perritt Capital Management Inc. purchased a new position in shares of Sandstorm Gold in the first quarter valued at $31,000. 51.97% of the stock is owned by hedge funds and other institutional investors.

Sandstorm Gold Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 25th. Shareholders of record on Tuesday, October 15th were paid a dividend of $0.015 per share. This is an increase from Sandstorm Gold’s previous quarterly dividend of $0.01. This represents a $0.06 annualized dividend and a yield of 1.12%. The ex-dividend date of this dividend was Tuesday, October 15th. Sandstorm Gold’s payout ratio is currently 50.00%.

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.