What is Cormark’s Estimate for Sandstorm Gold Q3 Earnings?

Sandstorm Gold Ltd. (TSE:SSL) – Equities research analysts at Cormark issued their Q3 2024 earnings estimates for shares of Sandstorm Gold in a research report issued to clients and investors on Wednesday, October 23rd. Cormark analyst N. Dion anticipates that the company will post earnings of $0.04 per share for the quarter. The consensus estimate for Sandstorm Gold’s current full-year earnings is $0.23 per share.

A number of other research firms also recently issued reports on SSL. TD Securities raised their price objective on shares of Sandstorm Gold from C$10.00 to C$11.00 in a report on Friday, October 18th. Stifel Nicolaus boosted their price objective on shares of Sandstorm Gold from C$10.25 to C$11.00 in a research report on Monday. Canaccord Genuity Group upped their price objective on Sandstorm Gold from C$10.50 to C$11.00 in a research note on Tuesday, July 23rd. Finally, CIBC lifted their target price on Sandstorm Gold from C$9.00 to C$9.50 in a research report on Wednesday, July 10th.

Sandstorm Gold Price Performance

TSE SSL opened at C$8.72 on Friday. Sandstorm Gold has a 1-year low of C$5.36 and a 1-year high of C$8.98. The stock has a market capitalization of C$2.59 billion, a price-to-earnings ratio of 62.29, a PEG ratio of 0.90 and a beta of 1.11. The company has a debt-to-equity ratio of 26.63, a current ratio of 1.99 and a quick ratio of 1.17. The business’s fifty day moving average price is C$7.99 and its 200-day moving average price is C$7.75.

Sandstorm Gold (TSE:SSL) last posted its quarterly earnings results on Thursday, August 1st. The company reported C$0.04 earnings per share for the quarter, topping the consensus estimate of C$0.03 by C$0.01. Sandstorm Gold had a return on equity of 2.15% and a net margin of 17.55%. The firm had revenue of C$56.61 million during the quarter, compared to analysts’ expectations of C$55.48 million.

Sandstorm Gold Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 25th. Stockholders of record on Friday, October 25th will be given a $0.02 dividend. The ex-dividend date is Tuesday, October 15th. This represents a $0.08 annualized dividend and a dividend yield of 0.92%. Sandstorm Gold’s payout ratio is 57.14%.

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.