Raymond James Reduces Earnings Estimates for Sandstorm Gold

Sandstorm Gold Ltd. (TSE:SSL - Free Report) - Investment analysts at Raymond James lowered their FY2024 EPS estimates for Sandstorm Gold in a note issued to investors on Sunday, November 10th. Raymond James analyst B. Macarthur now expects that the company will earn $0.11 per share for the year, down from their prior forecast of $0.12. The consensus estimate for Sandstorm Gold's current full-year earnings is $0.23 per share.

Other analysts have also recently issued reports about the company. Stifel Nicolaus upped their target price on Sandstorm Gold from C$10.25 to C$11.00 in a report on Monday, October 21st. Canaccord Genuity Group upped their price objective on shares of Sandstorm Gold from C$10.50 to C$11.00 in a report on Tuesday, July 23rd. CIBC lifted their target price on shares of Sandstorm Gold from C$9.50 to C$10.00 in a research note on Friday, November 8th. Finally, TD Securities boosted their target price on shares of Sandstorm Gold from C$10.00 to C$11.00 in a report on Friday, October 18th.

Sandstorm Gold Price Performance

Shares of SSL stock traded up C$0.01 during trading hours on Wednesday, reaching C$7.55. The company had a trading volume of 466,429 shares, compared to its average volume of 332,618. Sandstorm Gold has a 12-month low of C$5.36 and a 12-month high of C$8.98. The company has a debt-to-equity ratio of 26.63, a quick ratio of 1.17 and a current ratio of 1.99. The company has a market capitalization of C$2.25 billion, a price-to-earnings ratio of 53.86, a PEG ratio of 0.90 and a beta of 1.11. The stock has a fifty day moving average of C$8.17 and a 200-day moving average of C$7.82.

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

Sandstorm Gold Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 25th. Stockholders of record on Friday, October 25th were issued a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date of this dividend was Tuesday, October 15th. Sandstorm Gold's dividend payout ratio is presently 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.