Sandstorm Gold FY2024 EPS Lifted by National Bank Financial

Sandstorm Gold Ltd. (NYSE:SAND) – Stock analysts at National Bank Financial raised their FY2024 earnings per share estimates for Sandstorm Gold in a report released on Monday, February 10th. National Bank Financial analyst S. Nagle now forecasts that the company will post earnings per share of $0.10 for the year, up from their previous forecast of $0.09. The consensus estimate for Sandstorm Gold’s current full-year earnings is $0.09 per share. National Bank Financial also issued estimates for Sandstorm Gold’s Q4 2024 earnings at $0.06 EPS.

Several other equities analysts also recently commented on SAND. HC Wainwright increased their price objective on shares of Sandstorm Gold from $11.50 to $12.00 and gave the company a “buy” rating in a research note on Monday, November 11th. StockNews.com upgraded shares of Sandstorm Gold from a “hold” rating to a “buy” rating in a report on Wednesday, February 5th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $8.50.

Sandstorm Gold Stock Down 0.4 %

SAND stock opened at $6.46 on Wednesday. The firm has a 50-day moving average price of $5.73 and a 200-day moving average price of $5.77. Sandstorm Gold has a 12 month low of $3.96 and a 12 month high of $6.53. The company has a current ratio of 2.29, a quick ratio of 2.29 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $1.91 billion, a P/E ratio of 53.80 and a beta of 1.10.

Sandstorm Gold Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Tuesday, January 21st were given a dividend of $0.02 per share. This is an increase from Sandstorm Gold’s previous quarterly dividend of $0.02. The ex-dividend date was Tuesday, January 21st. This represents a $0.08 annualized dividend and a dividend yield of 1.24%. Sandstorm Gold’s dividend payout ratio (DPR) is 50.00%.

Institutional Investors Weigh In On Sandstorm Gold

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Allworth Financial LP bought a new stake in shares of Sandstorm Gold during the third quarter valued at approximately $60,000. Lifeworks Advisors LLC bought a new stake in Sandstorm Gold during the 4th quarter valued at $57,000. Meixler Investment Management Ltd. bought a new stake in Sandstorm Gold during the 4th quarter valued at $66,000. JTC Employer Solutions Trustee Ltd bought a new position in shares of Sandstorm Gold in the fourth quarter valued at $72,000. Finally, Bank of New York Mellon Corp lifted its stake in shares of Sandstorm Gold by 21.0% in the fourth quarter. Bank of New York Mellon Corp now owns 13,897 shares of the company’s stock valued at $78,000 after buying an additional 2,416 shares in the last quarter. 51.97% of the stock is owned by institutional investors.

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.