FY2024 EPS Estimates for Sandstorm Gold Cut by Stifel Canada

Sandstorm Gold Ltd. (NYSE:SAND - Free Report) - Equities research analysts at Stifel Canada reduced their FY2024 earnings estimates for shares of Sandstorm Gold in a research report issued on Tuesday, February 4th. Stifel Canada analyst I. Rico now anticipates that the company will post earnings of $0.09 per share for the year, down from their previous forecast of $0.11. 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 $0.17 EPS and FY2026 earnings at $0.18 EPS.

Other analysts have also issued reports about the stock. StockNews.com upgraded shares of Sandstorm Gold from a "hold" rating to a "buy" rating in a research report on Wednesday, February 5th. HC Wainwright lifted their price objective on Sandstorm Gold from $11.50 to $12.00 and gave the company a "buy" rating in a report on Monday, November 11th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Sandstorm Gold has a consensus rating of "Moderate Buy" and a consensus price target of $8.50.

Sandstorm Gold Stock Performance

Sandstorm Gold stock traded up $0.23 during trading hours on Friday, hitting $6.51. The stock had a trading volume of 3,888,452 shares, compared to its average volume of 5,527,979. Sandstorm Gold has a fifty-two week low of $3.96 and a fifty-two week high of $6.51. The company has a market cap of $1.93 billion, a PE ratio of 54.30 and a beta of 1.10. The company has a 50-day moving average of $5.70 and a two-hundred day moving average of $5.76. The company has a quick ratio of 2.29, a current ratio of 2.29 and a debt-to-equity ratio of 0.26.

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 company had revenue of $44.70 million during the quarter, compared to the consensus estimate of $44.70 million.

Sandstorm Gold Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Tuesday, January 21st were given a $0.02 dividend. The ex-dividend date was Tuesday, January 21st. This is a positive change from Sandstorm Gold's previous quarterly dividend of $0.02. This represents a $0.08 dividend on an annualized basis and a yield of 1.23%. Sandstorm Gold's payout ratio is 50.00%.

Institutional Trading of Sandstorm Gold

Several hedge funds have recently modified their holdings of the company. Sprott Inc. lifted its position in Sandstorm Gold by 77.9% during the 4th quarter. Sprott Inc. now owns 4,465,843 shares of the company's stock worth $24,925,000 after buying an additional 1,955,916 shares in the last quarter. Amundi lifted its position in shares of Sandstorm Gold by 74.9% during the fourth quarter. Amundi now owns 2,890,535 shares of the company's stock worth $16,447,000 after purchasing an additional 1,238,050 shares in the last quarter. U S Global Investors Inc. grew its stake in shares of Sandstorm Gold by 31.3% during the fourth quarter. U S Global Investors Inc. now owns 909,749 shares of the company's stock valued at $5,076,000 after purchasing an additional 216,756 shares during the last quarter. Louisbourg Investments Inc. increased its holdings in shares of Sandstorm Gold by 17.4% in the fourth quarter. Louisbourg Investments Inc. now owns 728,182 shares of the company's stock valued at $4,071,000 after purchasing an additional 108,000 shares in the last quarter. Finally, Integrated Wealth Concepts LLC raised its position in Sandstorm Gold by 14.9% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 521,873 shares of the company's stock worth $3,131,000 after purchasing an additional 67,759 shares during the last quarter. Institutional investors and hedge funds own 51.97% of the company's stock.

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.