Brokers Set Expectations for Sandstorm Gold FY2024 Earnings

Sandstorm Gold Ltd. (NYSE:SAND - Free Report) - Research analysts at Raymond James decreased their FY2024 EPS estimates for Sandstorm Gold in a research report issued on Sunday, November 10th. Raymond James analyst B. Macarthur now expects that the company will earn $0.08 per share for the year, down from their previous estimate of $0.09. The consensus estimate for Sandstorm Gold's current full-year earnings is $0.09 per share.

Sandstorm Gold (NYSE:SAND - Get Free Report) last released its quarterly earnings results on Thursday, November 7th. The company reported $0.02 EPS for the quarter, missing analysts' consensus estimates of $0.03 by ($0.01). Sandstorm Gold had a return on equity of 2.44% and a net margin of 20.46%. The business had revenue of $44.70 million for the quarter, compared to the consensus estimate of $44.70 million.

A number of other brokerages have also commented on SAND. StockNews.com raised shares of Sandstorm Gold from a "hold" rating to a "buy" rating in a report on Friday, September 27th. HC Wainwright raised their price target on shares of Sandstorm Gold from $11.50 to $12.00 and gave the company a "buy" rating in a report on Monday. Finally, Royal Bank of Canada dropped their price objective on shares of Sandstorm Gold from $6.50 to $6.00 and set an "outperform" rating for the company in a research report on Tuesday, September 10th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, Sandstorm Gold currently has a consensus rating of "Moderate Buy" and an average price target of $8.35.

Sandstorm Gold Price Performance

Shares of SAND stock traded down $0.03 during trading hours on Wednesday, hitting $5.38. 2,799,131 shares of the company's stock were exchanged, compared to its average volume of 2,397,578. The stock's 50-day moving average is $5.98 and its 200-day moving average is $5.72. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.29 and a quick ratio of 2.29. Sandstorm Gold has a 52 week low of $3.96 and a 52 week high of $6.50. The stock has a market cap of $1.60 billion, a price-to-earnings ratio of 45.09 and a beta of 1.13.

Sandstorm Gold Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 25th. Shareholders of record on Tuesday, October 15th were paid a $0.015 dividend. The ex-dividend date of this dividend was Tuesday, October 15th. This is a boost from Sandstorm Gold's previous quarterly dividend of $0.01. This represents a $0.06 dividend on an annualized basis and a yield of 1.12%. Sandstorm Gold's dividend payout ratio (DPR) is presently 50.00%.

Institutional Investors Weigh In On Sandstorm Gold

A number of institutional investors have recently made changes to their positions in the stock. Sagil Capital LLP bought a new stake in Sandstorm Gold in the second quarter valued at approximately $8,041,000. EdgePoint Investment Group Inc. acquired a new position in shares of Sandstorm Gold in the 1st quarter valued at $6,537,000. Dimensional Fund Advisors LP grew its holdings in shares of Sandstorm Gold by 42.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,149,232 shares of the company's stock valued at $17,162,000 after buying an additional 935,005 shares during the period. Helikon Investments Ltd increased its position in shares of Sandstorm Gold by 61.8% in the 2nd quarter. Helikon Investments Ltd now owns 2,086,579 shares of the company's stock valued at $11,351,000 after buying an additional 796,800 shares in the last quarter. Finally, Boston Partners acquired a new stake in Sandstorm Gold during the 1st quarter worth $1,902,000. 51.97% of the stock is owned by institutional investors and hedge funds.

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.