Stifel Canada Forecasts Reduced Earnings for Sandstorm Gold

Sandstorm Gold Ltd. (TSE:SSL - Free Report) - Investment analysts at Stifel Canada reduced their FY2024 earnings per share estimates for Sandstorm Gold in a report released on Tuesday, February 4th. Stifel Canada analyst I. Rico now expects that the company will earn $0.13 per share for the year, down from their previous estimate 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.

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

Sandstorm Gold Trading Up 3.6 %

Shares of Sandstorm Gold stock traded up C$0.32 on Friday, reaching C$9.30. 131,609 shares of the company's stock were exchanged, compared to its average volume of 352,826. The company has a market capitalization of C$2.77 billion, a P/E ratio of 66.43, a price-to-earnings-growth ratio of 0.90 and a beta of 1.11. Sandstorm Gold has a 52 week low of C$5.36 and a 52 week high of C$9.31. 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 firm's 50-day moving average is C$8.17 and its two-hundred day moving average is C$8.02.

Sandstorm Gold (TSE:SSL - Get Free Report) last posted its quarterly earnings data on Thursday, November 7th. The company reported C$0.03 earnings per share 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 business had revenue of C$60.98 million during the quarter, compared to the consensus estimate of C$61.69 million.

Insider Transactions at Sandstorm Gold

In related news, Director David Awram sold 50,000 shares of Sandstorm Gold 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 transaction of C$403,000.00. 1.20% of the stock is currently owned by insiders.

Sandstorm Gold Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Friday, January 31st were issued a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.86%. The ex-dividend date of this dividend was Tuesday, January 21st. Sandstorm Gold's dividend 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.