FY2024 EPS Estimates for Sandstorm Gold Lowered by Analyst

Sandstorm Gold Ltd. (TSE:SSL) – Stock analysts at Scotiabank dropped their FY2024 earnings per share (EPS) estimates for Sandstorm Gold in a research report issued on Wednesday, January 8th. Scotiabank analyst T. Jakusconek now expects that the company will post earnings of $0.13 per share for the year, down from their previous estimate of $0.14. The consensus estimate for Sandstorm Gold’s current full-year earnings is $0.23 per share.

Several other equities research analysts have also recently weighed in on SSL. CIBC increased their price target on shares of Sandstorm Gold from C$9.50 to C$10.00 in a research report on Friday, November 8th. Stifel Nicolaus raised their price objective on shares of Sandstorm Gold from C$10.25 to C$11.00 in a report on Monday, October 21st. Finally, TD Securities boosted their target price on shares of Sandstorm Gold from C$10.00 to C$11.00 in a report on Friday, October 18th.

Sandstorm Gold Stock Performance

Sandstorm Gold stock opened at C$7.95 on Monday. The company has a market capitalization of C$2.36 billion, a PE ratio of 56.79, a P/E/G ratio of 0.90 and a beta of 1.11. The firm has a fifty day simple moving average of C$8.05 and a two-hundred day simple moving average of C$7.92. The company has a quick ratio of 1.17, a current ratio of 1.99 and a debt-to-equity ratio of 26.63. Sandstorm Gold has a twelve month low of C$5.36 and a twelve month high of C$8.98.

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

Insiders Place Their Bets

In other news, Director David Awram sold 50,000 shares of the company’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of C$8.06, for a total value of C$403,000.00. 1.20% of the stock is currently owned by insiders.

Sandstorm Gold Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 31st will be given a dividend of $0.02 per share. The ex-dividend date is Tuesday, January 21st. This represents a $0.08 dividend on an annualized basis and a yield of 1.01%. Sandstorm Gold’s dividend payout ratio (DPR) 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.