FY2024 EPS Estimates for Sandstorm Gold Decreased by Analyst

Sandstorm Gold Ltd. (TSE:SSL - Free Report) - Investment analysts at Scotiabank dropped their FY2024 earnings per share (EPS) estimates for shares of Sandstorm Gold in a report released on Wednesday, January 8th. Scotiabank analyst T. Jakusconek now anticipates that the company will post earnings per share of $0.13 for the year, down from their previous estimate of $0.14. The consensus estimate for Sandstorm Gold's current full-year earnings is $0.23 per share.

Sandstorm Gold (TSE:SSL - Get Free Report) last posted its earnings results on Thursday, November 7th. The company reported C$0.03 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 analyst estimates of C$61.69 million.

Several other analysts have also commented on SSL. Stifel Nicolaus raised their price target on shares of Sandstorm Gold from C$10.25 to C$11.00 in a research report on Monday, October 21st. CIBC raised their target price on Sandstorm Gold from C$9.50 to C$10.00 in a research report on Friday, November 8th. Finally, TD Securities upped their price target on Sandstorm Gold from C$10.00 to C$11.00 in a report on Friday, October 18th.

Sandstorm Gold Stock Performance

Shares of TSE SSL traded down C$0.20 during midday trading on Monday, reaching C$7.95. 243,752 shares of the stock were exchanged, compared to its average volume of 366,005. The company has a quick ratio of 1.17, a current ratio of 1.99 and a debt-to-equity ratio of 26.63. The firm has a market cap of C$2.36 billion, a price-to-earnings ratio of 56.79, a PEG ratio of 0.90 and a beta of 1.11. The firm has a 50-day simple moving average of C$8.05 and a two-hundred day simple moving average of C$7.92. Sandstorm Gold has a twelve month low of C$5.36 and a twelve month high of C$8.98.

Insider Activity

In related news, Director David Awram sold 50,000 shares of the stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of C$8.06, for a total value of C$403,000.00. Company insiders own 1.20% of the company's stock.

Sandstorm Gold Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 31st will be issued a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a yield of 1.01%. The ex-dividend date of this dividend is Tuesday, January 21st. Sandstorm Gold's payout ratio is 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.