Stifel Canada Comments on Sandstorm Gold Q3 Earnings

Sandstorm Gold Ltd. (NYSE:SAND - Free Report) - Research analysts at Stifel Canada issued their Q3 2024 earnings per share (EPS) estimates for Sandstorm Gold in a research report issued on Monday, October 21st. Stifel Canada analyst I. Rico expects that the company will post earnings per share of $0.03 for the quarter. The consensus estimate for Sandstorm Gold's current full-year earnings is $0.09 per share. Stifel Canada also issued estimates for Sandstorm Gold's FY2025 earnings at $0.20 EPS.

Sandstorm Gold (NYSE:SAND - Get Free Report) last announced its quarterly earnings data on Thursday, August 1st. The company reported $0.03 earnings per share for the quarter, beating analysts' consensus estimates of $0.02 by $0.01. The company had revenue of $41.37 million during the quarter, compared to analyst estimates of $40.50 million. Sandstorm Gold had a net margin of 17.55% and a return on equity of 2.06%. During the same quarter last year, the business posted $0.01 EPS.

A number of other analysts have also weighed in on SAND. CIBC upped their price objective on shares of Sandstorm Gold from $9.00 to $9.50 and gave the stock a "neutral" rating in a research note on Wednesday, July 10th. Royal Bank of Canada cut their price objective on shares of Sandstorm Gold from $6.50 to $6.00 and set an "outperform" rating on the stock in a report on Tuesday, September 10th. StockNews.com upgraded Sandstorm Gold from a "hold" rating to a "buy" rating in a report on Friday, September 27th. Finally, HC Wainwright raised their price objective on Sandstorm Gold from $11.00 to $11.50 and gave the company a "buy" rating in a research report on Monday, August 5th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $8.25.

Sandstorm Gold Trading Down 1.4 %

NYSE:SAND traded down $0.09 during midday trading on Wednesday, hitting $6.39. The stock had a trading volume of 3,009,303 shares, compared to its average volume of 2,270,590. Sandstorm Gold has a one year low of $3.96 and a one year high of $6.50. The company has a quick ratio of 1.99, a current ratio of 1.99 and a debt-to-equity ratio of 0.27. The stock has a 50-day moving average of $5.85 and a 200 day moving average of $5.66. The company has a market capitalization of $1.90 billion, a price-to-earnings ratio of 63.71 and a beta of 1.14.

Hedge Funds Weigh In On Sandstorm Gold

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Perritt Capital Management Inc. purchased a new stake in Sandstorm Gold in the 1st quarter worth $31,000. Mather Group LLC. acquired a new position in shares of Sandstorm Gold during the 2nd quarter worth about $67,000. Oak Family Advisors LLC purchased a new position in Sandstorm Gold in the 2nd quarter valued at about $88,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Sandstorm Gold during the 2nd quarter worth approximately $94,000. Finally, Oxbow Advisors LLC raised its holdings in shares of Sandstorm Gold by 34.3% during the second quarter. Oxbow Advisors LLC now owns 20,556 shares of the company's stock valued at $112,000 after acquiring an additional 5,254 shares during the last quarter. Institutional investors and hedge funds own 51.97% of the company's stock.

Sandstorm Gold Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 25th. Shareholders of record on Tuesday, October 15th will be issued a $0.015 dividend. This represents a $0.06 annualized dividend and a yield of 0.94%. The ex-dividend date is Tuesday, October 15th. This is an increase from Sandstorm Gold's previous quarterly dividend of $0.01. Sandstorm Gold's dividend payout ratio (DPR) is currently 60.01%.

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.