FY2024 EPS Forecast for Sandstorm Gold Lifted by Analyst

Sandstorm Gold Ltd. (NYSE:SAND) – 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 $0.09 per share for the year, up from their prior forecast of $0.07. 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 FY2025 earnings at $0.25 EPS.

Sandstorm Gold (NYSE:SAND) last posted its quarterly earnings data on Thursday, August 1st. The company reported $0.03 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.01. Sandstorm Gold had a return on equity of 2.06% and a net margin of 17.55%. The business had revenue of $41.37 million during the quarter, compared to analysts’ expectations of $40.50 million. During the same quarter in the previous year, the firm earned $0.01 EPS.

SAND has been the topic of several other research reports. HC Wainwright raised their price objective on shares of Sandstorm Gold from $11.00 to $11.50 and gave the stock a “buy” rating in a research note on Monday, August 5th. StockNews.com upgraded shares of Sandstorm Gold from a “hold” rating to a “buy” rating in a research report on Friday, September 27th. Royal Bank of Canada dropped their price objective on shares of Sandstorm Gold from $6.50 to $6.00 and set an “outperform” rating on the stock in a report on Tuesday, September 10th. Finally, CIBC increased their target price on shares of Sandstorm Gold from $9.00 to $9.50 and gave the company a “neutral” rating in a research note on Wednesday, July 10th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, Sandstorm Gold presently has an average rating of “Moderate Buy” and an average price target of $8.25.

Sandstorm Gold Stock Performance

Shares of NYSE SAND opened at $6.16 on Friday. Sandstorm Gold has a 12 month low of $3.96 and a 12 month high of $6.50. The company has a market cap of $1.83 billion, a P/E ratio of 77.00 and a beta of 1.14. The business’s 50 day moving average is $5.90 and its two-hundred day moving average is $5.67. The company has a quick ratio of 1.99, a current ratio of 1.99 and a debt-to-equity ratio of 0.27.

Sandstorm Gold Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 25th. Stockholders of record on Tuesday, October 15th were given a dividend of $0.015 per share. This is a positive change from Sandstorm Gold’s previous quarterly dividend of $0.01. This represents a $0.06 annualized dividend and a dividend yield of 0.97%. The ex-dividend date was Tuesday, October 15th. Sandstorm Gold’s payout ratio is 62.50%.

Institutional Investors Weigh In On Sandstorm Gold

Institutional investors have recently added to or reduced their stakes in the stock. Perritt Capital Management Inc. bought a new position in shares of Sandstorm Gold during the first quarter valued at $31,000. Allworth Financial LP acquired a new stake in shares of Sandstorm Gold during the 3rd quarter worth about $60,000. Mather Group LLC. bought a new position in Sandstorm Gold during the 2nd quarter valued at about $67,000. Oak Family Advisors LLC acquired a new position in Sandstorm Gold in the second quarter valued at about $88,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in Sandstorm Gold in the second quarter valued at about $94,000. 51.97% of the stock is owned by institutional investors and hedge funds.

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.