FY2024 EPS Forecast for Sandstorm Gold Decreased by Analyst

Sandstorm Gold Ltd. (NYSE:SAND) – Equities research analysts at Raymond James reduced their FY2024 earnings per share (EPS) estimates for Sandstorm Gold in a report issued on Sunday, November 10th. Raymond James analyst B. Macarthur now forecasts that the company will earn $0.08 per share for the year, down from their previous forecast of $0.09. The consensus estimate for Sandstorm Gold’s current full-year earnings is $0.09 per share.

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

Several other research firms have also weighed in on SAND. 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 report on Tuesday, September 10th. StockNews.com upgraded Sandstorm Gold from a “hold” rating to a “buy” rating in a research note on Friday, September 27th. Finally, HC Wainwright upped their target price on Sandstorm Gold from $11.50 to $12.00 and gave the stock a “buy” rating in a research report on Monday. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $8.35.

Sandstorm Gold Trading Down 0.9 %

Shares of SAND stock opened at $5.42 on Wednesday. Sandstorm Gold has a fifty-two week low of $3.96 and a fifty-two week high of $6.50. The firm’s 50 day moving average price is $5.99 and its two-hundred day moving average price is $5.73. The stock has a market cap of $1.61 billion, a price-to-earnings ratio of 45.17 and a beta of 1.13. The company has a quick ratio of 2.29, a current ratio of 2.29 and a debt-to-equity ratio of 0.26.

Sandstorm Gold Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 25th. Shareholders of record on Tuesday, October 15th were given a $0.015 dividend. This is a boost from Sandstorm Gold’s previous quarterly dividend of $0.01. This represents a $0.06 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date was Tuesday, October 15th. Sandstorm Gold’s dividend payout ratio is presently 50.00%.

Institutional Trading of Sandstorm Gold

A number of hedge funds and other institutional investors have recently modified their holdings of the business. BNP Paribas Financial Markets grew its stake in Sandstorm Gold by 28.0% during the 1st quarter. BNP Paribas Financial Markets now owns 76,831 shares of the company’s stock valued at $403,000 after purchasing an additional 16,812 shares in the last quarter. SG Americas Securities LLC increased its stake in shares of Sandstorm Gold by 10.4% in the first quarter. SG Americas Securities LLC now owns 102,287 shares of the company’s stock worth $537,000 after buying an additional 9,642 shares during the last quarter. Russell Investments Group Ltd. raised its holdings in Sandstorm Gold by 3.5% in the first quarter. Russell Investments Group Ltd. now owns 474,651 shares of the company’s stock valued at $2,491,000 after acquiring an additional 15,868 shares in the last quarter. Clearbridge Investments LLC boosted its stake in Sandstorm Gold by 48.1% during 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 during the last quarter. Finally, Perritt Capital Management Inc. acquired a new position in Sandstorm Gold during the 1st quarter worth $31,000. 51.97% of the stock is owned by hedge funds and other institutional investors.

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.