National Bank Financial Estimates Sandstorm Gold Q3 Earnings

Sandstorm Gold Ltd. (TSE:SSL) – Research analysts at National Bank Financial raised their Q3 2024 earnings estimates for shares of Sandstorm Gold in a research report issued on Tuesday, October 22nd. National Bank Financial analyst S. Nagle now anticipates that the company will post earnings of $0.06 per share for the quarter, up from their previous forecast of $0.04. The consensus estimate for Sandstorm Gold’s current full-year earnings is $0.23 per share.

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

Sandstorm Gold Trading Down 1.5 %

Sandstorm Gold stock opened at C$8.72 on Thursday. The company’s fifty day simple moving average is C$7.99 and its 200-day simple moving average is C$7.75. 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 has a 12 month low of C$5.36 and a 12 month high of C$8.98. The stock has a market cap of C$2.59 billion, a P/E ratio of 62.29, a P/E/G ratio of 0.90 and a beta of 1.11.

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

Sandstorm Gold Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 25th. Stockholders of record on Friday, October 25th will be issued a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a dividend yield of 0.92%. The ex-dividend date is Tuesday, October 15th. Sandstorm Gold’s payout ratio is 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.