FY2024 EPS Estimate for Sandstorm Gold Decreased by Analyst

Sandstorm Gold Ltd. (NYSE:SAND) – Equities researchers at Scotiabank cut their FY2024 EPS estimates for shares of Sandstorm Gold in a report released on Wednesday, January 8th. Scotiabank analyst T. Jakusconek now forecasts that the company will post earnings per share of $0.09 for the year, down from their previous estimate of $0.10. The consensus estimate for Sandstorm Gold’s current full-year earnings is $0.09 per share.

Sandstorm Gold (NYSE:SAND) last issued its quarterly earnings data on Thursday, November 7th. The company reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.01). Sandstorm Gold had a net margin of 20.46% and a return on equity of 2.44%. The firm had revenue of $44.70 million during the quarter, compared to analyst estimates of $44.70 million.

SAND has been the subject of several other research reports. HC Wainwright raised their price objective on shares of Sandstorm Gold from $11.50 to $12.00 and gave the company a “buy” rating in a research note on Monday, November 11th. StockNews.com downgraded shares of Sandstorm Gold from a “buy” rating to a “hold” rating in a research note on Thursday, November 14th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $8.50.

Sandstorm Gold Stock Performance

NYSE SAND opened at $5.54 on Monday. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.29 and a quick ratio of 2.29. The company has a market cap of $1.64 billion, a P/E ratio of 46.17 and a beta of 1.10. The stock has a 50-day moving average of $5.66 and a two-hundred day moving average of $5.73. Sandstorm Gold has a 1-year low of $3.96 and a 1-year high of $6.50.

Institutional Trading of Sandstorm Gold

Several hedge funds have recently added to or reduced their stakes in SAND. FNY Investment Advisers LLC raised its holdings in shares of Sandstorm Gold by 20.0% in the 4th quarter. FNY Investment Advisers LLC now owns 24,000 shares of the company’s stock valued at $133,000 after purchasing an additional 4,000 shares in the last quarter. JTC Employer Solutions Trustee Ltd purchased a new position in Sandstorm Gold in the fourth quarter valued at $72,000. Fiduciary Alliance LLC raised its stake in Sandstorm Gold by 119.4% in the fourth quarter. Fiduciary Alliance LLC now owns 22,735 shares of the company’s stock valued at $127,000 after buying an additional 12,375 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Sandstorm Gold by 7.5% during the 3rd quarter. Geode Capital Management LLC now owns 125,681 shares of the company’s stock worth $757,000 after buying an additional 8,728 shares during the last quarter. Finally, Barclays PLC boosted its position in shares of Sandstorm Gold by 6.4% during the 3rd quarter. Barclays PLC now owns 399,854 shares of the company’s stock worth $2,400,000 after acquiring an additional 23,947 shares in the last quarter. Institutional investors and hedge funds own 51.97% of the company’s stock.

Sandstorm Gold Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Tuesday, January 21st will be paid a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a dividend yield of 1.44%. This is a positive change from Sandstorm Gold’s previous quarterly dividend of $0.02. The ex-dividend date is Tuesday, January 21st. Sandstorm Gold’s dividend payout ratio is presently 41.67%.

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.