Sandstorm Gold Ltd. (TSE:SSL - Free Report) - Analysts at National Bank Financial boosted their FY2024 EPS estimates for shares of Sandstorm Gold in a research note issued to investors on Tuesday, October 22nd. National Bank Financial analyst S. Nagle now expects that the company will post earnings of $0.12 per share for the year, up from their prior forecast of $0.10. The consensus estimate for Sandstorm Gold's current full-year earnings is $0.23 per share. National Bank Financial also issued estimates for Sandstorm Gold's FY2025 earnings at $0.35 EPS.
Sandstorm Gold (TSE:SSL - Get Free Report) last posted its quarterly earnings data on Thursday, August 1st. The company reported C$0.04 earnings per share for the quarter, topping the consensus estimate of C$0.03 by C$0.01. The business had revenue of C$56.61 million during the quarter, compared to analysts' expectations of C$55.48 million. Sandstorm Gold had a return on equity of 2.15% and a net margin of 17.55%.
Several other research firms have also recently commented on SSL. Canaccord Genuity Group upped their target price on shares of Sandstorm Gold from C$10.50 to C$11.00 in a research note on Tuesday, July 23rd. TD Securities increased their target price on shares of Sandstorm Gold from C$10.00 to C$11.00 in a research note on Friday, October 18th. CIBC lifted their target price on Sandstorm Gold from C$9.00 to C$9.50 in a research report on Wednesday, July 10th. Finally, Stifel Nicolaus upped their price target on Sandstorm Gold from C$10.25 to C$11.00 in a report on Monday.
Check Out Our Latest Stock Analysis on SSL
Sandstorm Gold Price Performance
Sandstorm Gold has a 1-year low of C$5.36 and a 1-year high of C$8.98. The company has a current ratio of 1.99, a quick ratio of 1.17 and a debt-to-equity ratio of 26.63. The firm has a market capitalization of C$2.55 billion, a price-to-earnings ratio of 61.57, a PEG ratio of 0.90 and a beta of 1.11. The stock's 50 day simple moving average is C$7.99 and its 200 day simple moving average is C$7.75.
Sandstorm Gold Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 25th. Stockholders of record on Friday, October 25th will be issued a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a dividend yield of ∞. The ex-dividend date of this dividend is Tuesday, October 15th. Sandstorm Gold's payout ratio is 57.14%.
About Sandstorm Gold
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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.
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