Analysts Issue Forecasts for Sandstorm Gold FY2024 Earnings

Sandstorm Gold Ltd. (NYSE:SAND - Free Report) - Equities research analysts at National Bank Financial increased their FY2024 earnings estimates for Sandstorm Gold in a research report issued to clients and investors on Monday, February 10th. National Bank Financial analyst S. Nagle now anticipates that the company will earn $0.10 per share for the year, up from their previous forecast of $0.09. 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 Q4 2024 earnings at $0.06 EPS.

SAND has been the subject of several other research reports. StockNews.com downgraded shares of Sandstorm Gold from a "buy" rating to a "hold" rating in a report on Thursday. HC Wainwright upped their price objective on shares of Sandstorm Gold from $11.50 to $12.00 and gave the stock a "buy" rating in a report on Monday, November 11th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, Sandstorm Gold presently has a consensus rating of "Hold" and a consensus target price of $8.50.

Sandstorm Gold Price Performance

SAND stock traded down $0.28 during trading on Wednesday, hitting $6.38. The company had a trading volume of 6,051,259 shares, compared to its average volume of 5,637,777. The firm has a market capitalization of $1.89 billion, a price-to-earnings ratio of 53.13 and a beta of 1.10. The business has a 50 day moving average of $5.78 and a 200 day moving average of $5.79. Sandstorm Gold has a fifty-two week low of $3.98 and a fifty-two week high of $6.67. The company has a current ratio of 2.29, a quick ratio of 2.29 and a debt-to-equity ratio of 0.26.

Institutional Investors Weigh In On Sandstorm Gold

Institutional investors and hedge funds have recently bought and sold shares of the business. Lifeworks Advisors LLC acquired a new stake in Sandstorm Gold in the 4th quarter valued at about $57,000. Allworth Financial LP acquired a new stake in Sandstorm Gold in the 3rd quarter valued at about $60,000. Meixler Investment Management Ltd. acquired a new stake in Sandstorm Gold during the 4th quarter worth about $66,000. JTC Employer Solutions Trustee Ltd acquired a new stake in Sandstorm Gold during the 4th quarter worth about $72,000. Finally, Bank of New York Mellon Corp raised its holdings in Sandstorm Gold by 21.0% during the 4th quarter. Bank of New York Mellon Corp now owns 13,897 shares of the company's stock worth $78,000 after buying an additional 2,416 shares during the period. 51.97% of the stock is owned by institutional investors and hedge funds.

Sandstorm Gold Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Tuesday, January 21st were issued a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a yield of 1.25%. This is an increase from Sandstorm Gold's previous quarterly dividend of $0.02. The ex-dividend date of this dividend was Tuesday, January 21st. Sandstorm Gold's dividend payout ratio is presently 50.00%.

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.