Sandstorm Gold Ltd. (NYSE:SAND - Free Report) - Investment analysts at Scotiabank cut their FY2024 earnings per share estimates for Sandstorm Gold in a research note issued on Wednesday, January 8th. Scotiabank analyst T. Jakusconek now anticipates that the company will post earnings per share of $0.09 for the year, down from their previous estimate of $0.10. The consensus estimate for Sandstorm Gold's current full-year earnings is $0.09 per share.
Several other equities analysts have also weighed in on SAND. HC Wainwright lifted their price target on 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 cut Sandstorm Gold from a "buy" rating to a "hold" rating in a research report on Thursday, November 14th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $8.50.
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Sandstorm Gold Stock Down 0.7 %
SAND opened at $5.65 on Monday. The company has a fifty day moving average of $5.67 and a two-hundred day moving average of $5.73. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.29 and a current ratio of 2.29. Sandstorm Gold has a fifty-two week low of $3.96 and a fifty-two week high of $6.50. The stock has a market capitalization of $1.68 billion, a price-to-earnings ratio of 47.09 and a beta of 1.10.
Sandstorm Gold (NYSE:SAND - Get Free Report) last posted its earnings results on Thursday, November 7th. The company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.01). Sandstorm Gold had a net margin of 20.46% and a return on equity of 2.44%. The firm had revenue of $44.70 million for the quarter, compared to analysts' expectations of $44.70 million.
Sandstorm Gold Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Tuesday, January 21st will be paid a $0.02 dividend. The ex-dividend date of this dividend is Tuesday, January 21st. This is a positive change from Sandstorm Gold's previous quarterly dividend of $0.02. This represents a $0.08 dividend on an annualized basis and a yield of 1.42%. Sandstorm Gold's dividend payout ratio (DPR) is currently 41.67%.
Hedge Funds Weigh In On Sandstorm Gold
Hedge funds have recently made changes to their positions in the company. Squarepoint Ops LLC acquired a new stake in shares of Sandstorm Gold in the second quarter worth approximately $606,000. Barclays PLC grew its holdings in shares of Sandstorm Gold by 6.4% during the third quarter. Barclays PLC now owns 399,854 shares of the company's stock worth $2,400,000 after buying an additional 23,947 shares in the last quarter. FMR LLC acquired a new stake in shares of Sandstorm Gold in the third quarter valued at about $600,000. Dimensional Fund Advisors LP lifted its stake in shares of Sandstorm Gold by 42.2% in the second quarter. Dimensional Fund Advisors LP now owns 3,149,232 shares of the company's stock worth $17,162,000 after buying an additional 935,005 shares in the last quarter. Finally, Sagil Capital LLP acquired a new position in Sandstorm Gold during the second quarter worth about $8,041,000. Institutional investors and hedge funds own 51.97% of the company's stock.
About Sandstorm Gold
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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.
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