What is Cormark’s Estimate for Sandstorm Gold Q3 Earnings?

Sandstorm Gold Ltd. (TSE:SSL) – Cormark issued their Q3 2024 earnings per share (EPS) estimates for shares of Sandstorm Gold in a research note issued to investors on Wednesday, October 23rd. Cormark analyst N. Dion forecasts that the company will post earnings per share of $0.04 for the quarter. The consensus estimate for Sandstorm Gold’s current full-year earnings is $0.23 per share.

Sandstorm Gold (TSE:SSL) last posted its quarterly earnings results on Thursday, August 1st. The company reported C$0.04 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.03 by C$0.01. The firm had revenue of C$56.61 million for the quarter, compared to the consensus estimate of C$55.48 million. Sandstorm Gold had a net margin of 17.55% and a return on equity of 2.15%.

SSL has been the topic of a number of other research reports. TD Securities boosted their price objective on Sandstorm Gold from C$10.00 to C$11.00 in a research note on Friday, October 18th. Stifel Nicolaus increased their price objective on shares of Sandstorm Gold from C$10.25 to C$11.00 in a report on Monday, October 21st. CIBC boosted their target price on shares of Sandstorm Gold from C$9.00 to C$9.50 in a research note on Wednesday, July 10th. Finally, Canaccord Genuity Group increased their price target on shares of Sandstorm Gold from C$10.50 to C$11.00 in a research note on Tuesday, July 23rd.

Sandstorm Gold Price Performance

The firm has a market capitalization of C$2.55 billion, a price-to-earnings ratio of 61.57, a P/E/G ratio of 0.90 and a beta of 1.11. The business’s 50-day moving average is C$7.99 and its two-hundred day moving average is C$7.75. Sandstorm Gold has a 12 month low of C$5.36 and a 12 month high of C$8.98. The company has a quick ratio of 1.17, a current ratio of 1.99 and a debt-to-equity ratio of 26.63.

Sandstorm Gold Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 25th. Shareholders of record on Friday, October 25th were issued a dividend of $0.02 per share. The ex-dividend date was Tuesday, October 15th. This represents a $0.08 annualized dividend and a yield of ∞. Sandstorm Gold’s dividend payout ratio (DPR) is currently 57.14%.

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.