Brokers Offer Predictions for Sandstorm Gold FY2024 Earnings

Sandstorm Gold Ltd. (NYSE:SAND) – Equities researchers at Raymond James lowered their FY2024 earnings per share (EPS) estimates for Sandstorm Gold in a research report issued on Sunday, November 10th. Raymond James analyst B. Macarthur now anticipates that the company will post earnings per share of $0.08 for the year, down from their prior forecast of $0.09. The consensus estimate for Sandstorm Gold’s current full-year earnings is $0.09 per share.

SAND has been the topic 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 on the stock in a research note on Tuesday, September 10th. StockNews.com downgraded Sandstorm Gold from a “buy” rating to a “hold” rating in a research report on Thursday. Finally, HC Wainwright lifted their price objective on Sandstorm Gold from $11.50 to $12.00 and gave the stock a “buy” rating in a research report on Monday. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $8.35.

Sandstorm Gold Stock Up 2.3 %

SAND stock opened at $5.50 on Wednesday. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.29 and a quick ratio of 2.29. The company’s 50 day simple moving average is $5.98 and its 200-day simple moving average is $5.72. Sandstorm Gold has a 12 month low of $3.96 and a 12 month high of $6.50. The firm has a market capitalization of $1.63 billion, a PE ratio of 45.79 and a beta of 1.13.

Sandstorm Gold (NYSE:SAND) last issued its quarterly earnings data on Thursday, November 7th. The company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.01). The business had revenue of $44.70 million during the quarter, compared to analyst estimates of $44.70 million. Sandstorm Gold had a net margin of 20.46% and a return on equity of 2.44%.

Hedge Funds Weigh In On Sandstorm Gold

Several institutional investors have recently added to or reduced their stakes in SAND. Boston Partners purchased a new stake in Sandstorm Gold in the 1st quarter valued at about $1,902,000. Squarepoint Ops LLC acquired a new stake in shares of Sandstorm Gold in the second quarter worth approximately $606,000. Clearbridge Investments LLC grew its holdings in Sandstorm Gold by 48.1% in the first quarter. Clearbridge Investments LLC now owns 384,921 shares of the company’s stock valued at $2,021,000 after purchasing an additional 125,096 shares during the period. Dimensional Fund Advisors LP increased its position in Sandstorm Gold by 42.2% during the second quarter. Dimensional Fund Advisors LP now owns 3,149,232 shares of the company’s stock worth $17,162,000 after purchasing an additional 935,005 shares during the last quarter. Finally, Sagil Capital LLP acquired a new position in Sandstorm Gold during the second quarter worth approximately $8,041,000. 51.97% of the stock is currently owned by institutional investors and hedge funds.

Sandstorm Gold Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 25th. Stockholders of record on Tuesday, October 15th were issued a dividend of $0.015 per share. This is a boost from Sandstorm Gold’s previous quarterly dividend of $0.01. The ex-dividend date was Tuesday, October 15th. This represents a $0.06 annualized dividend and a dividend yield of 1.09%. Sandstorm Gold’s dividend payout ratio (DPR) is 41.67%.

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.