Raymond James Forecasts Reduced Earnings for Sandstorm Gold

Sandstorm Gold Ltd. (TSE:SSL) – Research analysts at Raymond James lowered their FY2024 earnings per share (EPS) estimates for Sandstorm Gold in a note issued to investors on Sunday, November 10th. Raymond James analyst B. Macarthur now expects that the company will post earnings per share of $0.11 for the year, down from their prior forecast of $0.12. The consensus estimate for Sandstorm Gold’s current full-year earnings is $0.23 per share.

Sandstorm Gold (TSE:SSL) last released its earnings results on Thursday, November 7th. The company reported C$0.03 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.05 by C($0.02). The firm had revenue of C$60.98 million for the quarter, compared to analyst estimates of C$61.69 million. Sandstorm Gold had a net margin of 17.55% and a return on equity of 2.15%.

A number of other analysts have also recently commented on the stock. Stifel Nicolaus upped their price target on shares of Sandstorm Gold from C$10.25 to C$11.00 in a research report on Monday, October 21st. TD Securities upped their target price on Sandstorm Gold from C$10.00 to C$11.00 in a research report on Friday, October 18th. Canaccord Genuity Group boosted their price target on Sandstorm Gold from C$10.50 to C$11.00 in a research note on Tuesday, July 23rd. Finally, CIBC increased their price target on Sandstorm Gold from C$9.50 to C$10.00 in a report on Friday, November 8th.

Sandstorm Gold Trading Up 2.3 %

SSL opened at C$7.72 on Wednesday. Sandstorm Gold has a twelve month low of C$5.36 and a twelve month high of C$8.98. The company has a fifty day moving average of C$8.16 and a 200-day moving average of C$7.82. The stock has a market cap of C$2.30 billion, a PE ratio of 55.14, a price-to-earnings-growth ratio of 0.90 and a beta of 1.11. 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 Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 25th. Investors of record on Friday, October 25th were given a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a yield of 1.04%. The ex-dividend date of this dividend was 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.