Cormark Issues Positive Estimate for Sandstorm Gold Earnings

Sandstorm Gold Ltd. (NYSE:SAND - Free Report) - Analysts at Cormark boosted their FY2025 earnings per share estimates for shares of Sandstorm Gold in a research note issued to investors on Monday, November 11th. Cormark analyst N. Dion now forecasts that the company will post earnings per share of $0.19 for the year, up from their prior estimate of $0.16. The consensus estimate for Sandstorm Gold's current full-year earnings is $0.09 per share.

Several other equities research analysts have also recently issued reports on the company. Royal Bank of Canada decreased their price objective on Sandstorm Gold from $6.50 to $6.00 and set an "outperform" rating on the stock in a report on Tuesday, September 10th. HC Wainwright raised their price target on Sandstorm Gold from $11.50 to $12.00 and gave the stock a "buy" rating in a research note on Monday. Finally, StockNews.com raised shares of Sandstorm Gold from a "hold" rating to a "buy" rating in a research note on Friday, September 27th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $8.35.

Sandstorm Gold Trading Down 0.5 %

SAND stock traded down $0.03 during midday trading on Wednesday, hitting $5.38. The stock had a trading volume of 2,799,131 shares, compared to its average volume of 2,397,578. The company's 50-day moving average price is $5.98 and its 200 day moving average price 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. The firm has a market cap of $1.60 billion, a PE ratio of 44.80 and a beta of 1.13. Sandstorm Gold has a 12-month low of $3.96 and a 12-month high of $6.50.

Sandstorm Gold (NYSE:SAND - Get Free Report) last issued 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). The firm had revenue of $44.70 million for the quarter, compared to analysts' expectations of $44.70 million. Sandstorm Gold had a return on equity of 2.44% and a net margin of 20.46%.

Sandstorm Gold Increases Dividend

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of SAND. Mad River Investors increased its position in shares of Sandstorm Gold by 1.6% in the second quarter. Mad River Investors now owns 192,069 shares of the company's stock worth $1,045,000 after acquiring an additional 3,016 shares in the last quarter. Raymond James & Associates raised its position in Sandstorm Gold by 1.1% in the second quarter. Raymond James & Associates now owns 302,128 shares of the company's stock valued at $1,644,000 after purchasing an additional 3,319 shares during the period. Pullen Investment Management LLC lifted its stake in shares of Sandstorm Gold by 3.2% during the second quarter. Pullen Investment Management LLC now owns 109,976 shares of the company's stock worth $598,000 after purchasing an additional 3,442 shares in the last quarter. Oxbow Advisors LLC boosted its position in shares of Sandstorm Gold by 34.3% in the second quarter. Oxbow Advisors LLC now owns 20,556 shares of the company's stock worth $112,000 after buying an additional 5,254 shares during the period. Finally, Perritt Capital Management Inc. acquired a new stake in shares of Sandstorm Gold in the first quarter valued at about $31,000. 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.