Stifel Canada Comments on Sandstorm Gold Q3 Earnings

Sandstorm Gold Ltd. (NYSE:SAND) – Equities researchers at Stifel Canada issued their Q3 2024 earnings estimates for shares of Sandstorm Gold in a research report issued on Monday, October 21st. Stifel Canada analyst I. Rico expects that the company will earn $0.03 per share for the quarter. The consensus estimate for Sandstorm Gold’s current full-year earnings is $0.09 per share. Stifel Canada also issued estimates for Sandstorm Gold’s FY2025 earnings at $0.20 EPS.

Sandstorm Gold (NYSE:SAND) last issued its earnings results on Thursday, August 1st. The company reported $0.03 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.01. Sandstorm Gold had a return on equity of 2.06% and a net margin of 17.55%. The company had revenue of $41.37 million during the quarter, compared to the consensus estimate of $40.50 million. During the same quarter in the prior year, the business earned $0.01 earnings per share.

SAND has been the topic of a number of other reports. 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 report on Tuesday, September 10th. HC Wainwright upped their price objective on shares of Sandstorm Gold from $11.00 to $11.50 and gave the company a “buy” rating in a research report on Monday, August 5th. CIBC lifted their target price on Sandstorm Gold from $9.00 to $9.50 and gave the stock a “neutral” rating in a research report on Wednesday, July 10th. Finally, StockNews.com raised Sandstorm Gold from a “hold” rating to a “buy” rating in a report on Friday, September 27th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $8.25.

Sandstorm Gold Stock Performance

Sandstorm Gold stock opened at $6.49 on Wednesday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.99 and a current ratio of 1.99. Sandstorm Gold has a one year low of $3.96 and a one year high of $6.50. The stock’s 50 day moving average price is $5.82 and its 200 day moving average price is $5.65. The firm has a market capitalization of $1.93 billion, a PE ratio of 64.86 and a beta of 1.14.

Hedge Funds Weigh In On Sandstorm Gold

Several large investors have recently modified their holdings of SAND. Van ECK Associates Corp raised its stake in Sandstorm Gold by 5.9% during the first quarter. Van ECK Associates Corp now owns 30,542,674 shares of the company’s stock valued at $160,349,000 after buying an additional 1,703,874 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its holdings in shares of Sandstorm Gold by 2.2% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 3,634,027 shares of the company’s stock valued at $19,766,000 after acquiring an additional 78,032 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Sandstorm Gold by 42.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,149,232 shares of the company’s stock valued at $17,162,000 after acquiring an additional 935,005 shares in the last quarter. Helikon Investments Ltd lifted its stake in Sandstorm Gold by 61.8% during the second quarter. Helikon Investments Ltd now owns 2,086,579 shares of the company’s stock worth $11,351,000 after purchasing an additional 796,800 shares during the last quarter. Finally, Bank of Montreal Can boosted its holdings in Sandstorm Gold by 2.7% in the second quarter. Bank of Montreal Can now owns 1,560,657 shares of the company’s stock worth $8,511,000 after purchasing an additional 41,623 shares during the period. Institutional investors own 51.97% of the company’s stock.

Sandstorm Gold Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 25th. Stockholders of record on Tuesday, October 15th will be paid a $0.015 dividend. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.93%. The ex-dividend date is Tuesday, October 15th. This is a positive change from Sandstorm Gold’s previous quarterly dividend of $0.01. Sandstorm Gold’s dividend payout ratio is 60.01%.

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.