FY2024 EPS Estimates for Sandstorm Gold Cut by Raymond James

Sandstorm Gold Ltd. (TSE:SSL) – Raymond James lowered their FY2024 EPS estimates for Sandstorm Gold in a report issued on Sunday, November 10th. Raymond James analyst B. Macarthur now expects that the company will post earnings per share of $0.11 for the year, down from their prior estimate of $0.12. The consensus estimate for Sandstorm Gold’s current full-year earnings is $0.23 per share.

Several other research firms have also commented on SSL. CIBC raised their target price on shares of Sandstorm Gold from C$9.50 to C$10.00 in a report on Friday, November 8th. TD Securities boosted their price objective on shares of Sandstorm Gold from C$10.00 to C$11.00 in a research report on Friday, October 18th. Stifel Nicolaus raised their target price on Sandstorm Gold from C$10.25 to C$11.00 in a report on Monday, October 21st. Finally, Canaccord Genuity Group boosted their price target on Sandstorm Gold from C$10.50 to C$11.00 in a report on Tuesday, July 23rd.

Sandstorm Gold Stock Up 2.3 %

Shares of TSE SSL opened at C$7.72 on Wednesday. The stock has a market capitalization of C$2.30 billion, a P/E ratio of 55.14, a PEG ratio of 0.90 and a beta of 1.11. The stock’s fifty day moving average is C$8.16 and its 200 day moving average is C$7.82. Sandstorm Gold has a 52 week low of C$5.36 and a 52 week high of C$8.98. The company has a debt-to-equity ratio of 26.63, a quick ratio of 1.17 and a current ratio of 1.99.

Sandstorm Gold (TSE:SSL) last announced its earnings results on Thursday, November 7th. The company reported C$0.03 EPS for the quarter, missing the consensus estimate of C$0.05 by C($0.02). The business had revenue of C$60.98 million for the quarter, compared to the consensus estimate of C$61.69 million. Sandstorm Gold had a return on equity of 2.15% and a net margin of 17.55%.

Sandstorm Gold Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 25th. Investors of record on Friday, October 25th were paid a $0.02 dividend. This represents a $0.08 annualized dividend and a yield of 1.04%. The ex-dividend date was Tuesday, October 15th. Sandstorm Gold’s payout ratio is 57.14%.

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.