Sandstorm Gold FY2024 EPS Forecast Reduced by Raymond James

Sandstorm Gold Ltd. (TSE:SSL) – Equities researchers at Raymond James lowered their FY2024 EPS estimates for Sandstorm Gold in a research note issued to investors on Monday, December 23rd. Raymond James analyst B. Macarthur now forecasts that the company will post earnings per share of $0.10 for the year, down from their previous estimate of $0.11. The consensus estimate for Sandstorm Gold’s current full-year earnings is $0.23 per share. Raymond James also issued estimates for Sandstorm Gold’s Q3 2025 earnings at $0.06 EPS and Q4 2025 earnings at $0.06 EPS.

Other equities research analysts also recently issued reports about the stock. TD Securities increased their price objective on shares of Sandstorm Gold from C$10.00 to C$11.00 in a research note on Friday, October 18th. Stifel Nicolaus increased their price target on shares of Sandstorm Gold from C$10.25 to C$11.00 in a research report on Monday, October 21st. Finally, CIBC lifted their price objective on shares of Sandstorm Gold from C$9.50 to C$10.00 in a research note on Friday, November 8th.

Sandstorm Gold Stock Performance

SSL opened at C$7.80 on Wednesday. The company has a debt-to-equity ratio of 26.63, a quick ratio of 1.17 and a current ratio of 1.99. Sandstorm Gold has a 52-week low of C$5.36 and a 52-week high of C$8.98. The firm has a market cap of C$2.32 billion, a P/E ratio of 55.71, a price-to-earnings-growth ratio of 0.90 and a beta of 1.11. The business’s fifty day moving average is C$8.14 and its 200-day moving average is C$7.86.

Sandstorm Gold (TSE:SSL) last issued its quarterly earnings results on Thursday, November 7th. The company reported C$0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.05 by C($0.02). The company had revenue of C$60.98 million for the quarter, compared to analyst estimates of C$61.69 million. Sandstorm Gold had a return on equity of 2.15% and a net margin of 17.55%.

Insider Transactions at Sandstorm Gold

In related news, Director David Awram sold 50,000 shares of the firm’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of C$8.06, for a total transaction of C$403,000.00. Company insiders own 1.20% of the company’s stock.

Sandstorm Gold Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 25th. Shareholders of record on Friday, October 25th were paid a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a yield of 1.03%. The ex-dividend date of this dividend was Tuesday, October 15th. Sandstorm Gold’s payout ratio is 57.14%.

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.