Cormark Brokers Lower Earnings Estimates for Sandstorm Gold

Sandstorm Gold Ltd. (NYSE:SAND - Free Report) - Research analysts at Cormark dropped their FY2025 earnings per share (EPS) estimates for shares of Sandstorm Gold in a research note issued to investors on Thursday, February 20th. Cormark analyst N. Dion now expects that the company will post earnings of $0.16 per share for the year, down from their prior forecast of $0.19. The consensus estimate for Sandstorm Gold's current full-year earnings is $0.18 per share.

Several other equities research analysts also recently commented on SAND. Scotiabank boosted their target price on shares of Sandstorm Gold from $6.75 to $7.25 and gave the stock a "sector perform" rating in a research report on Thursday. HC Wainwright decreased their price objective on Sandstorm Gold from $12.00 to $11.50 and set a "buy" rating for the company in a report on Wednesday, February 19th. Finally, StockNews.com raised Sandstorm Gold from a "hold" rating to a "buy" rating in a research note on Wednesday. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Sandstorm Gold currently has an average rating of "Moderate Buy" and an average price target of $8.56.

Sandstorm Gold Stock Down 2.9 %

SAND stock traded down $0.19 during midday trading on Monday, reaching $6.24. 10,625,506 shares of the company's stock traded hands, compared to its average volume of 5,774,974. Sandstorm Gold has a 52 week low of $3.99 and a 52 week high of $6.67. The company has a market cap of $1.85 billion, a price-to-earnings ratio of 124.72 and a beta of 1.10. The firm's fifty day moving average price is $5.87 and its 200-day moving average price is $5.84. The company has a quick ratio of 2.29, a current ratio of 1.95 and a debt-to-equity ratio of 0.24.

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Sandstorm Gold (NYSE:SAND - Get Free Report) last released its quarterly earnings data on Tuesday, February 18th. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.04 by ($0.03). Sandstorm Gold had a net margin of 8.11% and a return on equity of 0.98%. The firm had revenue of $47.40 million for the quarter, compared to the consensus estimate of $67.49 million. During the same quarter in the prior year, the firm earned ($0.04) EPS.

Sandstorm Gold Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Tuesday, January 21st were given a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a yield of 1.28%. This is an increase from Sandstorm Gold's previous quarterly dividend of $0.02. The ex-dividend date was Tuesday, January 21st. Sandstorm Gold's dividend payout ratio is presently 100.00%.

Hedge Funds Weigh In On Sandstorm Gold

Hedge funds have recently modified their holdings of the company. Cantor Fitzgerald L. P. bought a new position in shares of Sandstorm Gold in the fourth quarter valued at approximately $56,000. Lifeworks Advisors LLC bought a new position in Sandstorm Gold in the 4th quarter valued at $57,000. Allworth Financial LP bought a new position in Sandstorm Gold in the 3rd quarter valued at $60,000. Meixler Investment Management Ltd. purchased a new stake in shares of Sandstorm Gold during the 4th quarter valued at $66,000. Finally, JTC Employer Solutions Trustee Ltd bought a new stake in shares of Sandstorm Gold during the 4th quarter worth $72,000. Institutional investors own 51.97% of the company's stock.

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.