FY2024 EPS Estimates for Sandstorm Gold Boosted by Analyst

Sandstorm Gold Ltd. (NYSE:SAND) – Research analysts at Stifel Canada upped their FY2024 earnings per share estimates for Sandstorm Gold in a research note issued on Monday, October 21st. Stifel Canada analyst I. Rico now anticipates that the company will earn $0.11 per share for the year, up from their prior estimate of $0.09. 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 FY2026 earnings at $0.20 EPS.

Several other research firms have also recently commented on SAND. StockNews.com raised Sandstorm Gold from a “hold” rating to a “buy” rating in a research report on Friday, September 27th. HC Wainwright increased their price objective on Sandstorm Gold from $11.00 to $11.50 and gave the company a “buy” rating in a research report on Monday, August 5th. CIBC increased their price objective on Sandstorm Gold from $9.00 to $9.50 and gave the company a “neutral” rating in a research report on Wednesday, July 10th. Finally, Royal Bank of Canada dropped their price objective on Sandstorm Gold from $6.50 to $6.00 and set an “outperform” rating on the stock in a research report on Tuesday, September 10th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $8.25.

Sandstorm Gold Trading Down 1.4 %

NYSE SAND opened at $6.39 on Thursday. Sandstorm Gold has a 12 month low of $3.96 and a 12 month high of $6.50. The stock has a market cap of $1.90 billion, a P/E ratio of 63.91 and a beta of 1.14. The stock’s fifty day moving average price is $5.85 and its 200-day moving average price is $5.66. The company has a current ratio of 1.99, a quick ratio of 1.99 and a debt-to-equity ratio of 0.27.

Sandstorm Gold (NYSE:SAND) last released its earnings results on Thursday, August 1st. The company reported $0.03 EPS for the quarter, topping 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 firm had revenue of $41.37 million for the quarter, compared to analysts’ expectations of $40.50 million. During the same period in the prior year, the firm posted $0.01 earnings per share.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of SAND. Perritt Capital Management Inc. purchased a new position in Sandstorm Gold in the first quarter worth about $31,000. Allworth Financial LP bought a new position in shares of Sandstorm Gold in the third quarter worth about $60,000. Mather Group LLC. bought a new position in shares of Sandstorm Gold in the second quarter worth about $67,000. Oak Family Advisors LLC bought a new position in shares of Sandstorm Gold in the second quarter worth about $88,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Sandstorm Gold in the second quarter worth about $94,000. 51.97% of the stock is owned by hedge funds and other institutional investors.

Sandstorm Gold Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 25th. Shareholders of record on Tuesday, October 15th will be given a $0.015 dividend. This represents a $0.06 annualized dividend and a yield of 0.94%. This is a boost from Sandstorm Gold’s previous quarterly dividend of $0.01. The ex-dividend date is Tuesday, October 15th. Sandstorm Gold’s dividend payout ratio (DPR) is presently 60.01%.

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.