Brokers Issue Forecasts for Sandstorm Gold FY2024 Earnings

Sandstorm Gold Ltd. (NYSE:SAND - Free Report) - Equities research analysts at Raymond James decreased their FY2024 earnings per share estimates for Sandstorm Gold in a note issued to investors on Monday, December 23rd. Raymond James analyst B. Macarthur now forecasts that the company will earn $0.07 per share for the year, down from their previous estimate of $0.08. The consensus estimate for Sandstorm Gold's current full-year earnings is $0.09 per share. Raymond James also issued estimates for Sandstorm Gold's Q4 2024 earnings at $0.03 EPS, Q3 2025 earnings at $0.04 EPS, Q4 2025 earnings at $0.04 EPS and FY2025 earnings at $0.16 EPS.

Other equities analysts have also issued reports about the stock. HC Wainwright raised their price target on shares of Sandstorm Gold from $11.50 to $12.00 and gave the stock a "buy" rating in a research report on Monday, November 11th. Royal Bank of Canada lowered their price target 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. Finally, StockNews.com lowered shares of Sandstorm Gold from a "buy" rating to a "hold" rating in a report on Thursday, November 14th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $8.50.

Sandstorm Gold Stock Performance

Shares of NYSE SAND traded up $0.06 during trading hours on Wednesday, reaching $5.45. 1,634,886 shares of the stock were exchanged, compared to its average volume of 2,487,831. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.29 and a current ratio of 2.29. The firm has a market capitalization of $1.62 billion, a price-to-earnings ratio of 45.42 and a beta of 1.11. The stock's fifty day simple moving average is $5.80 and its 200 day simple moving average is $5.71. Sandstorm Gold has a 52 week low of $3.96 and a 52 week high of $6.50.

Sandstorm Gold (NYSE:SAND - Get Free Report) last released its quarterly earnings data on Thursday, November 7th. The company reported $0.02 EPS for the quarter, missing analysts' consensus estimates of $0.03 by ($0.01). The company had revenue of $44.70 million for the quarter, compared to the consensus estimate of $44.70 million. Sandstorm Gold had a return on equity of 2.44% and a net margin of 20.46%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Squarepoint Ops LLC purchased a new position in shares of Sandstorm Gold during the second quarter valued at approximately $606,000. FMR LLC bought a new position in Sandstorm Gold during the third quarter worth about $600,000. Dimensional Fund Advisors LP increased its stake in shares of Sandstorm Gold by 42.2% in the second quarter. Dimensional Fund Advisors LP now owns 3,149,232 shares of the company's stock worth $17,162,000 after purchasing an additional 935,005 shares in the last quarter. Sagil Capital LLP bought a new stake in shares of Sandstorm Gold in the second quarter valued at approximately $8,041,000. Finally, Intact Investment Management Inc. raised its position in shares of Sandstorm Gold by 195.0% in the third quarter. Intact Investment Management Inc. now owns 130,100 shares of the company's stock valued at $781,000 after purchasing an additional 86,000 shares during the period. Institutional investors and hedge funds own 51.97% of the company's stock.

Sandstorm Gold Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Tuesday, January 21st will be given a $0.02 dividend. The ex-dividend date is Tuesday, January 21st. This is a positive change from Sandstorm Gold's previous quarterly dividend of $0.02. This represents a $0.08 annualized dividend and a dividend yield of 1.47%. Sandstorm Gold's dividend payout ratio (DPR) is 41.67%.

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.