FY2024 EPS Estimate for Sandstorm Gold Boosted by Analyst

Sandstorm Gold Ltd. (NYSE:SAND - Free Report) - Equities researchers at National Bank Financial raised their FY2024 earnings per share estimates for shares of Sandstorm Gold in a research note issued on Tuesday, October 22nd. National Bank Financial analyst S. Nagle now forecasts that the company will post earnings of $0.09 per share for the year, up from their previous forecast of $0.07. The consensus estimate for Sandstorm Gold's current full-year earnings is $0.09 per share. National Bank Financial also issued estimates for Sandstorm Gold's FY2025 earnings at $0.25 EPS.

SAND has been the topic of several other reports. Royal Bank of Canada lowered their target price on shares of Sandstorm Gold from $6.50 to $6.00 and set an "outperform" rating on the stock in a research report on Tuesday, September 10th. HC Wainwright upped their target price on Sandstorm Gold from $11.00 to $11.50 and gave the stock a "buy" rating in a research report on Monday, August 5th. StockNews.com raised shares of Sandstorm Gold from a "hold" rating to a "buy" rating in a research report on Friday, September 27th. Finally, 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 report on Wednesday, July 10th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $8.25.

Sandstorm Gold Stock Down 2.2 %

NYSE:SAND traded down $0.14 during mid-day trading on Friday, reaching $6.16. The stock had a trading volume of 2,641,541 shares, compared to its average volume of 2,282,177. The stock has a market cap of $1.83 billion, a P/E ratio of 77.25 and a beta of 1.14. The business's 50 day moving average is $5.89 and its 200 day moving average is $5.67. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.99 and a quick ratio of 1.99. Sandstorm Gold has a fifty-two week low of $3.96 and a fifty-two week high of $6.50.

Sandstorm Gold (NYSE:SAND - Get Free Report) last issued its earnings results on Thursday, August 1st. The company reported $0.03 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.01. The company had revenue of $41.37 million for the quarter, compared to analyst estimates of $40.50 million. Sandstorm Gold had a return on equity of 2.06% and a net margin of 17.55%. During the same period in the prior year, the firm posted $0.01 EPS.

Sandstorm Gold Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 25th. Shareholders of record on Tuesday, October 15th will be given a $0.015 dividend. This is an increase from Sandstorm Gold's previous quarterly dividend of $0.01. The ex-dividend date of this dividend is Tuesday, October 15th. This represents a $0.06 annualized dividend and a yield of 0.97%. Sandstorm Gold's payout ratio is presently 62.50%.

Hedge Funds Weigh In On Sandstorm Gold

A number of institutional investors have recently modified their holdings of the stock. Perritt Capital Management Inc. acquired a new position in shares of Sandstorm Gold in the 1st quarter valued at $31,000. Allworth Financial LP bought a new position in Sandstorm Gold during the 3rd quarter worth approximately $60,000. Mather Group LLC. acquired a new position in Sandstorm Gold during the second quarter valued at approximately $67,000. Oak Family Advisors LLC acquired a new stake in Sandstorm Gold in the second quarter worth $88,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Sandstorm Gold during the second quarter worth $94,000. 51.97% of the stock is owned by institutional investors.

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.