Analysts Set Expectations for Sandstorm Gold FY2024 Earnings

Sandstorm Gold Ltd. (TSE:SSL) – Analysts at Stifel Canada decreased their FY2024 EPS estimates for Sandstorm Gold in a research note issued to investors on Tuesday, February 4th. Stifel Canada analyst I. Rico now expects that the company will post earnings of $0.13 per share for the year, down from their previous forecast of $0.15. The consensus estimate for Sandstorm Gold’s current full-year earnings is $0.23 per share. Stifel Canada also issued estimates for Sandstorm Gold’s FY2025 earnings at $0.25 EPS and FY2026 earnings at $0.26 EPS.

SSL has been the topic of a number of other reports. TD Securities raised their price objective on Sandstorm Gold from C$10.00 to C$11.00 in a research note on Friday, October 18th. CIBC increased their price target on Sandstorm Gold from C$9.50 to C$10.00 in a report on Friday, November 8th. Finally, Stifel Nicolaus boosted their price objective on shares of Sandstorm Gold from C$10.25 to C$11.00 in a research note on Monday, October 21st.

Sandstorm Gold Price Performance

TSE SSL opened at C$9.04 on Friday. Sandstorm Gold has a fifty-two week low of C$5.36 and a fifty-two week high of C$9.04. The stock’s 50-day moving average is C$8.15 and its two-hundred day moving average is C$8.02. The firm has a market cap of C$2.69 billion, a P/E ratio of 64.57, a price-to-earnings-growth 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.

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

Insider Buying and Selling at Sandstorm Gold

In other Sandstorm Gold news, Director David Awram sold 50,000 shares of the company’s stock in a transaction that occurred 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. Insiders own 1.20% of the company’s stock.

Sandstorm Gold Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Friday, January 31st were paid a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a yield of 0.88%. The ex-dividend date was Tuesday, January 21st. Sandstorm Gold’s payout ratio is currently 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.