FY2025 EPS Estimates for Sandstorm Gold Cut by Scotiabank

Sandstorm Gold Ltd. (NYSE:SAND) – Stock analysts at Scotiabank reduced their FY2025 earnings estimates for Sandstorm Gold in a research report issued on Wednesday, March 19th. Scotiabank analyst T. Jakusconek now forecasts that the company will post earnings per share of $0.18 for the year, down from their previous forecast of $0.24. Scotiabank has a “Sector Perform” rating and a $7.25 price objective on the stock. The consensus estimate for Sandstorm Gold’s current full-year earnings is $0.18 per share.

Other analysts also recently issued research reports about the company. HC Wainwright cut their price target on Sandstorm Gold from $12.00 to $11.50 and set a “buy” rating on the stock in a research note on Wednesday, February 19th. StockNews.com raised Sandstorm Gold from a “hold” rating to a “buy” rating in a research report on Wednesday, February 26th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, Sandstorm Gold currently has a consensus rating of “Moderate Buy” and an average target price of $8.56.

Sandstorm Gold Trading Up 1.0 %

NYSE:SAND opened at $6.86 on Monday. The firm has a market capitalization of $2.03 billion, a P/E ratio of 137.13 and a beta of 1.06. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.95 and a quick ratio of 2.29. Sandstorm Gold has a one year low of $4.92 and a one year high of $6.95. The company’s 50-day simple moving average is $6.20 and its 200 day simple moving average is $5.95.

Sandstorm Gold (NYSE:SAND) last announced its quarterly earnings data on Tuesday, February 18th. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.04 by ($0.03). The firm had revenue of $47.40 million for the quarter, compared to analysts’ expectations of $67.49 million. Sandstorm Gold had a net margin of 8.11% and a return on equity of 0.98%. During the same period in the prior year, the business posted ($0.04) EPS.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the stock. PKO Investment Management Joint Stock Co bought a new position in shares of Sandstorm Gold in the 4th quarter worth approximately $1,177,000. Pullen Investment Management LLC increased its position in Sandstorm Gold by 44.2% in the fourth quarter. Pullen Investment Management LLC now owns 180,819 shares of the company’s stock worth $1,009,000 after buying an additional 55,459 shares in the last quarter. Mackenzie Financial Corp grew its stake in shares of Sandstorm Gold by 3.9% during the 4th quarter. Mackenzie Financial Corp now owns 127,166 shares of the company’s stock valued at $711,000 after acquiring an additional 4,792 shares during the period. Vident Advisory LLC lifted its holdings in Sandstorm Gold by 4.5% during the fourth quarter. Vident Advisory LLC now owns 140,760 shares of the company’s stock valued at $785,000 after purchasing an additional 6,100 shares in the last quarter. Finally, Two Sigma Advisers LP boosted its position in shares of Sandstorm Gold by 580.6% in the fourth quarter. Two Sigma Advisers LP now owns 2,314,684 shares of the company’s stock worth $12,916,000 after purchasing an additional 1,974,600 shares during the period. 51.97% of the stock is owned by hedge funds and other institutional investors.

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.