Q4 EPS Estimates for Sandstorm Gold Raised by Raymond James

Sandstorm Gold Ltd. (TSE:SSL) – Investment analysts at Raymond James raised their Q4 2024 EPS estimates for Sandstorm Gold in a research note issued to investors on Sunday, November 10th. Raymond James analyst B. Macarthur now forecasts that the company will earn $0.06 per share for the quarter, up from their prior estimate of $0.05. The consensus estimate for Sandstorm Gold’s current full-year earnings is $0.23 per share. Raymond James also issued estimates for Sandstorm Gold’s Q1 2025 earnings at $0.06 EPS, Q2 2025 earnings at $0.06 EPS and FY2025 earnings at $0.25 EPS.

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

Several other research firms have also recently issued reports on SSL. CIBC raised their price target on Sandstorm Gold from C$9.50 to C$10.00 in a report on Friday. Canaccord Genuity Group upped their target price on shares of Sandstorm Gold from C$10.50 to C$11.00 in a report on Tuesday, July 23rd. Stifel Nicolaus lifted their price objective on Sandstorm Gold from C$10.25 to C$11.00 in a report on Monday, October 21st. Finally, TD Securities upped their price target on shares of Sandstorm Gold from C$10.00 to C$11.00 in a research report on Friday, October 18th.

Sandstorm Gold Price Performance

Shares of SSL stock opened at C$7.61 on Tuesday. The firm has a market cap of C$2.26 billion, a price-to-earnings ratio of 54.36, a P/E/G ratio of 0.90 and a beta of 1.11. Sandstorm Gold has a one year low of C$5.36 and a one year high of C$8.98. 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 stock’s fifty day simple moving average is C$8.18 and its 200 day simple moving average is C$7.82.

Sandstorm Gold Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 25th. Stockholders of record on Friday, October 25th were issued a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a dividend yield of 1.05%. The ex-dividend date of this dividend was Tuesday, October 15th. Sandstorm Gold’s payout ratio is currently 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.