HC Wainwright Predicts Stronger Earnings for Sandstorm Gold

Sandstorm Gold Ltd. (NYSE:SAND - Free Report) - Research analysts at HC Wainwright upped their FY2025 earnings estimates for Sandstorm Gold in a report released on Monday, November 11th. HC Wainwright analyst H. Ihle now forecasts that the company will earn $0.10 per share for the year, up from their prior estimate of $0.07. HC Wainwright has a "Buy" rating and a $12.00 price target on the stock. 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 earnings results on Thursday, November 7th. The company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.01). Sandstorm Gold had a net margin of 20.46% and a return on equity of 2.44%. The firm had revenue of $44.70 million during the quarter, compared to analysts' expectations of $44.70 million.

A number of other equities research analysts have also issued reports on SAND. 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 report on Tuesday, September 10th. StockNews.com upgraded shares of Sandstorm Gold from a "hold" rating to a "buy" rating in a report 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. According to data from MarketBeat.com, Sandstorm Gold has a consensus rating of "Moderate Buy" and a consensus price target of $8.35.

Sandstorm Gold Price Performance

SAND traded down $0.03 on Wednesday, reaching $5.38. 2,799,131 shares of the company's stock were exchanged, compared to its average volume of 2,397,578. The stock has a market cap of $1.60 billion, a PE ratio of 44.80 and a beta of 1.13. The stock's fifty day moving average price is $5.98 and its 200-day moving average price is $5.72. Sandstorm Gold has a twelve month low of $3.96 and a twelve month high of $6.50. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.29 and a quick ratio of 2.29.

Institutional Investors Weigh In On Sandstorm Gold

A number of hedge funds have recently bought and sold shares of the stock. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its stake in Sandstorm Gold by 2.2% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 3,634,027 shares of the company's stock valued at $19,766,000 after purchasing an additional 78,032 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Sandstorm Gold by 42.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,149,232 shares of the company's stock worth $17,162,000 after buying an additional 935,005 shares during the last quarter. Helikon Investments Ltd raised its holdings in Sandstorm Gold by 61.8% during the second quarter. Helikon Investments Ltd now owns 2,086,579 shares of the company's stock worth $11,351,000 after purchasing an additional 796,800 shares in the last quarter. Bank of Montreal Can raised its stake in shares of Sandstorm Gold by 2.7% during the 2nd quarter. Bank of Montreal Can now owns 1,560,657 shares of the company's stock worth $8,511,000 after buying an additional 41,623 shares in the last quarter. Finally, Sagil Capital LLP acquired a new position in Sandstorm Gold during the second quarter worth $8,041,000. Institutional investors and hedge funds own 51.97% of the company's stock.

Sandstorm Gold Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 25th. Stockholders of record on Tuesday, October 15th were given a dividend of $0.015 per share. The ex-dividend date of this dividend was Tuesday, October 15th. This represents a $0.06 dividend on an annualized basis and a dividend yield of 1.12%. This is a positive change from Sandstorm Gold's previous quarterly dividend of $0.01. Sandstorm Gold's dividend payout ratio is currently 50.00%.

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.