Q3 2024 EPS Estimates for Sandstorm Gold Ltd. Raised by Raymond James (NYSE:SAND)

Sandstorm Gold Ltd. (NYSE:SAND) – Equities researchers at Raymond James increased their Q3 2024 earnings per share estimates for shares of Sandstorm Gold in a research report issued on Monday, September 23rd. Raymond James analyst B. Macarthur now anticipates that the company will post earnings per share of $0.04 for the quarter, up from their prior estimate of $0.03. The consensus estimate for Sandstorm Gold’s current full-year earnings is $0.09 per share. Raymond James also issued estimates for Sandstorm Gold’s Q4 2024 earnings at $0.04 EPS, FY2024 earnings at $0.10 EPS, Q1 2025 earnings at $0.04 EPS, Q2 2025 earnings at $0.04 EPS and Q3 2025 earnings at $0.05 EPS.

Sandstorm Gold (NYSE:SAND) last announced its quarterly earnings data on Thursday, August 1st. The company reported $0.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.01. Sandstorm Gold had a net margin of 17.55% and a return on equity of 2.06%. The company had revenue of $41.37 million during the quarter, compared to analysts’ expectations of $40.50 million. During the same quarter in the prior year, the company posted $0.01 EPS.

Other equities analysts also recently issued research reports about the company. StockNews.com upgraded Sandstorm Gold from a “hold” rating to a “buy” rating in a research report on Tuesday, September 17th. CIBC increased their price objective on Sandstorm Gold from $9.00 to $9.50 and gave the stock a “neutral” rating in a research note on Wednesday, July 10th. Royal Bank of Canada reduced their target price on shares of Sandstorm Gold from $6.50 to $6.00 and set an “outperform” rating on the stock in a research note on Tuesday, September 10th. Finally, HC Wainwright upped their target price on shares of Sandstorm Gold from $11.00 to $11.50 and gave the stock a “buy” rating in a report on Monday, August 5th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $8.25.

Sandstorm Gold Stock Down 1.0 %

Shares of SAND opened at $6.25 on Wednesday. The company has a quick ratio of 1.99, a current ratio of 1.99 and a debt-to-equity ratio of 0.27. The company has a 50-day moving average price of $5.68 and a two-hundred day moving average price of $5.54. The stock has a market cap of $1.86 billion, a price-to-earnings ratio of 78.07 and a beta of 1.14. Sandstorm Gold has a 12 month low of $3.96 and a 12 month high of $6.38.

Institutional Trading of Sandstorm Gold

Several large investors have recently made changes to their positions in the business. Sprott Inc. raised its holdings in shares of Sandstorm Gold by 6.4% in the fourth quarter. Sprott Inc. now owns 4,048,355 shares of the company’s stock valued at $20,365,000 after buying an additional 242,554 shares during the last quarter. Boston Partners acquired a new stake in Sandstorm Gold in the 1st quarter valued at about $1,902,000. Clearbridge Investments LLC increased its position in Sandstorm Gold by 48.1% in the 1st quarter. Clearbridge Investments LLC now owns 384,921 shares of the company’s stock valued at $2,021,000 after acquiring an additional 125,096 shares in the last quarter. Helikon Investments Ltd acquired a new position in shares of Sandstorm Gold during the first quarter worth approximately $6,771,000. Finally, Sagil Capital LLP bought a new stake in shares of Sandstorm Gold during the second quarter valued at approximately $8,041,000. Institutional investors own 51.97% of the company’s stock.

About Sandstorm Gold

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.