Stifel Canada Estimates Sandstorm Gold Q4 Earnings

Sandstorm Gold Ltd. (NYSE:SAND - Free Report) - Analysts at Stifel Canada issued their Q4 2024 EPS estimates for shares of Sandstorm Gold in a report issued on Tuesday, February 4th. Stifel Canada analyst I. Rico anticipates that the company will post earnings of $0.05 per share for the quarter. The consensus estimate for Sandstorm Gold's current full-year earnings is $0.09 per share.

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

Sandstorm Gold Stock Down 0.7 %

SAND traded down $0.05 during trading on Thursday, reaching $6.28. 5,011,041 shares of the stock were exchanged, compared to its average volume of 5,637,777. The stock has a market cap of $1.86 billion, a P/E ratio of 52.30 and a beta of 1.10. 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 stock's 50 day moving average price is $5.70 and its two-hundred day moving average price is $5.76. Sandstorm Gold has a twelve month low of $3.96 and a twelve month high of $6.50.

Sandstorm Gold (NYSE:SAND - Get Free Report) last released its earnings results on Thursday, November 7th. The company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate 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%.

Sandstorm Gold Increases Dividend

The company also recently disclosed 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 1.27%. This is a positive change from Sandstorm Gold's previous quarterly dividend of $0.02. The ex-dividend date was Tuesday, January 21st. Sandstorm Gold's dividend payout ratio is currently 50.00%.

Institutional Trading of Sandstorm Gold

Institutional investors have recently bought and sold shares of the business. Moors & Cabot Inc. boosted its stake in shares of Sandstorm Gold by 3.7% in the fourth quarter. Moors & Cabot Inc. now owns 222,908 shares of the company's stock valued at $1,244,000 after buying an additional 7,956 shares during the period. Amundi grew its holdings in shares of Sandstorm Gold by 74.9% during the 4th 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. Lifeworks Advisors LLC acquired a new stake in shares of Sandstorm Gold during the 4th quarter worth $57,000. Raymond James Financial Inc. bought a new position in shares of Sandstorm Gold in the fourth quarter worth $2,853,000. Finally, Aigen Investment Management LP grew its stake in Sandstorm Gold by 46.2% during the fourth quarter. Aigen Investment Management LP now owns 61,980 shares of the company's stock worth $347,000 after buying an additional 19,595 shares in the last quarter. Institutional investors 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.