Sandstorm Gold FY2024 EPS Forecast Raised by Stifel Canada

Sandstorm Gold Ltd. (TSE:SSL) – Stock analysts at Stifel Canada boosted their FY2024 EPS estimates for shares of Sandstorm Gold in a note issued to investors on Monday, October 21st. Stifel Canada analyst I. Rico now anticipates that the company will post earnings per share of $0.15 for the year, up from their prior estimate of $0.12. 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 FY2026 earnings at $0.28 EPS.

SSL has been the subject of several 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. Stifel Nicolaus boosted their target price on shares of Sandstorm Gold from C$10.25 to C$11.00 in a research report on Monday, October 21st. TD Securities raised their price target on Sandstorm Gold from C$10.00 to C$11.00 in a research report on Friday, October 18th. Finally, CIBC boosted their price objective on Sandstorm Gold from C$9.00 to C$9.50 in a research report on Wednesday, July 10th.

Sandstorm Gold Price Performance

Sandstorm Gold has a 12-month low of C$5.36 and a 12-month high of C$8.98. 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 stock’s 50-day moving average is C$7.99 and its 200 day moving average is C$7.75. The company has a market capitalization of C$2.55 billion, a PE ratio of 61.57, a P/E/G ratio of 0.90 and a beta of 1.11.

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

Sandstorm Gold Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 25th. Shareholders of record on Friday, October 25th were given a $0.02 dividend. The ex-dividend date of this dividend was Tuesday, October 15th. This represents a $0.08 annualized dividend and a yield of ∞. Sandstorm Gold’s dividend 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.