Sandstorm Gold Ltd. (NYSE:SAND – Free Report) – 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 – Get Free Report) 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.
View Our Latest Stock Analysis on SAND
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.
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