Analysts Issue Forecasts for Sandstorm Gold Q3 Earnings

Sandstorm Gold Ltd. (TSE:SSL) – Analysts at Stifel Canada issued their Q3 2024 EPS estimates for Sandstorm Gold in a research note issued to investors on Monday, October 21st. Stifel Canada analyst I. Rico expects that the company will post earnings of $0.04 per share for the quarter. The consensus estimate for Sandstorm Gold’s current full-year earnings is $0.23 per share. Stifel Canada also issued estimates for Sandstorm Gold’s FY2025 earnings at $0.28 EPS.

Several other analysts also recently commented on SSL. Canaccord Genuity Group boosted their target price on shares of Sandstorm Gold from C$10.50 to C$11.00 in a research report on Tuesday, July 23rd. Stifel Nicolaus boosted their price objective on shares of Sandstorm Gold from C$10.25 to C$11.00 in a research note on Monday. TD Securities boosted their price objective on shares of Sandstorm Gold from C$10.00 to C$11.00 in a research note on Friday, October 18th. Finally, CIBC boosted their price objective on shares of Sandstorm Gold from C$9.00 to C$9.50 in a research note on Wednesday, July 10th.

Sandstorm Gold Stock Performance

SSL stock opened at C$8.72 on Wednesday. The company has a quick ratio of 1.17, a current ratio of 1.99 and a debt-to-equity ratio of 26.63. The company has a market capitalization of C$2.59 billion, a price-to-earnings ratio of 62.29, a P/E/G ratio of 0.90 and a beta of 1.11. Sandstorm Gold has a 12 month low of C$5.36 and a 12 month high of C$8.98. The firm has a 50 day moving average of C$7.99 and a two-hundred day moving average of C$7.75.

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

Sandstorm Gold Announces Dividend

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 paid a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.92%. The ex-dividend date of this dividend 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.