Stifel Canada Predicts Sandstorm Gold Q3 Earnings

Sandstorm Gold Ltd. (NYSE:SAND) – Equities research analysts at Stifel Canada issued their Q3 2024 earnings per share estimates for shares of Sandstorm Gold in a research report issued on Monday, October 21st. Stifel Canada analyst I. Rico anticipates that the company will post earnings per share of $0.03 for the quarter. The consensus estimate for Sandstorm Gold’s current full-year earnings is $0.09 per share. Stifel Canada also issued estimates for Sandstorm Gold’s FY2025 earnings at $0.20 EPS.

Sandstorm Gold (NYSE:SAND) last announced its quarterly earnings data on Thursday, August 1st. The company reported $0.03 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.01. Sandstorm Gold had a return on equity of 2.06% and a net margin of 17.55%. The company had revenue of $41.37 million during the quarter, compared to the consensus estimate of $40.50 million. During the same quarter in the prior year, the firm earned $0.01 EPS.

SAND has been the subject of a number of other research reports. Royal Bank of Canada reduced their target price on Sandstorm Gold from $6.50 to $6.00 and set an “outperform” rating for the company in a report on Tuesday, September 10th. HC Wainwright upped their price target on shares of Sandstorm Gold from $11.00 to $11.50 and gave the stock a “buy” rating in a research note on Monday, August 5th. StockNews.com raised shares of Sandstorm Gold from a “hold” rating to a “buy” rating in a research note on Friday, September 27th. Finally, CIBC upped their price target on shares of Sandstorm Gold from $9.00 to $9.50 and gave the stock a “neutral” rating in a research note on Wednesday, July 10th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $8.25.

Sandstorm Gold Price Performance

SAND opened at $6.30 on Wednesday. The stock has a fifty day moving average of $5.87 and a 200-day moving average of $5.66. The firm has a market capitalization of $1.87 billion, a P/E ratio of 62.81 and a beta of 1.14. Sandstorm Gold has a 12-month low of $3.96 and a 12-month high of $6.50. The company has a quick ratio of 1.99, a current ratio of 1.99 and a debt-to-equity ratio of 0.27.

Sandstorm Gold Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 25th. Investors of record on Tuesday, October 15th will be paid a $0.015 dividend. This represents a $0.06 annualized dividend and a dividend yield of 0.95%. The ex-dividend date of this dividend is Tuesday, October 15th. This is a boost from Sandstorm Gold’s previous quarterly dividend of $0.01. Sandstorm Gold’s dividend payout ratio (DPR) is presently 60.01%.

Institutional Investors Weigh In On Sandstorm Gold

Hedge funds have recently made changes to their positions in the stock. Perritt Capital Management Inc. bought a new position in Sandstorm Gold during the first quarter worth about $31,000. Allworth Financial LP bought a new position in Sandstorm Gold during the third quarter worth about $60,000. Mather Group LLC. bought a new position in Sandstorm Gold during the second quarter worth about $67,000. Oak Family Advisors LLC bought a new position in Sandstorm Gold during the second quarter worth about $88,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in Sandstorm Gold during the second quarter worth about $94,000. Institutional investors own 51.97% of the company’s stock.

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.