Brokers Offer Predictions for Sandstorm Gold FY2024 Earnings

Sandstorm Gold Ltd. (NYSE:SAND) – Equities research analysts at Scotiabank decreased their FY2024 earnings per share (EPS) estimates for Sandstorm Gold in a research report issued to clients and investors on Wednesday, January 8th. Scotiabank analyst T. Jakusconek now forecasts that the company will post earnings per share of $0.09 for the year, down from their previous forecast of $0.10. The consensus estimate for Sandstorm Gold’s current full-year earnings is $0.09 per share.

Several other equities analysts have also recently issued reports on the company. HC Wainwright raised their price objective on Sandstorm Gold from $11.50 to $12.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. StockNews.com downgraded shares of Sandstorm Gold from a “buy” rating to a “hold” rating in a research report on Thursday, November 14th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $8.50.

Sandstorm Gold Stock Down 0.7 %

Shares of Sandstorm Gold stock opened at $5.65 on Monday. The company has a quick ratio of 2.29, a current ratio of 2.29 and a debt-to-equity ratio of 0.26. The business has a 50-day moving average price of $5.67 and a 200 day moving average price of $5.73. 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 $1.68 billion, a P/E ratio of 47.09 and a beta of 1.10.

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

Hedge Funds Weigh In On Sandstorm Gold

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Private Advisor Group LLC raised its position in shares of Sandstorm Gold by 2.2% during the 3rd quarter. Private Advisor Group LLC now owns 314,963 shares of the company’s stock worth $1,890,000 after buying an additional 6,669 shares in the last quarter. Stansberry Asset Management LLC raised its holdings in Sandstorm Gold by 17.1% during the third quarter. Stansberry Asset Management LLC now owns 46,569 shares of the company’s stock worth $279,000 after purchasing an additional 6,817 shares in the last quarter. Geode Capital Management LLC lifted its position in Sandstorm Gold by 7.5% in the third quarter. Geode Capital Management LLC now owns 125,681 shares of the company’s stock worth $757,000 after purchasing an additional 8,728 shares during the period. Allworth Financial LP bought a new position in Sandstorm Gold during the 3rd quarter valued at $60,000. Finally, Aigen Investment Management LP increased its position in shares of Sandstorm Gold by 32.4% during the 3rd quarter. Aigen Investment Management LP now owns 42,385 shares of the company’s stock valued at $254,000 after purchasing an additional 10,363 shares during the period. 51.97% of the stock is owned by institutional investors.

Sandstorm Gold Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Tuesday, January 21st will be paid a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a yield of 1.42%. This is a positive change from Sandstorm Gold’s previous quarterly dividend of $0.02. The ex-dividend date of this dividend is Tuesday, January 21st. Sandstorm Gold’s payout ratio is presently 41.67%.

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.