Sandstorm Gold Ltd. to Post Q3 2024 Earnings of $0.05 Per Share, Raymond James Forecasts (TSE:SSL)

Sandstorm Gold Ltd. (TSE:SSL) – Equities researchers at Raymond James boosted their Q3 2024 earnings estimates for shares of Sandstorm Gold in a research report issued on Monday, September 23rd. Raymond James analyst B. Macarthur now forecasts that the company will earn $0.05 per share for the quarter, up from their prior estimate of $0.04. The consensus estimate for Sandstorm Gold’s current full-year earnings is $0.22 per share. Raymond James also issued estimates for Sandstorm Gold’s Q4 2024 earnings at $0.05 EPS, FY2024 earnings at $0.14 EPS, Q1 2025 earnings at $0.05 EPS, Q2 2025 earnings at $0.05 EPS and Q3 2025 earnings at $0.07 EPS.

A number of other brokerages have also issued reports on SSL. Canaccord Genuity Group raised their price objective on shares of Sandstorm Gold from C$10.50 to C$11.00 in a report on Tuesday, July 23rd. TD Securities boosted their price objective on shares of Sandstorm Gold from C$9.50 to C$10.00 in a research note on Monday, July 22nd. Finally, CIBC raised their target price on Sandstorm Gold from C$9.00 to C$9.50 in a research report on Wednesday, July 10th.

Sandstorm Gold Stock Performance

TSE SSL opened at C$8.49 on Wednesday. The firm’s fifty day moving average price is C$7.72 and its two-hundred day moving average price is C$7.54. The stock has a market cap of C$2.52 billion, a PE ratio of 60.64, a PEG ratio of 0.90 and a beta of 1.11. The company has a debt-to-equity ratio of 26.63, a quick ratio of 1.17 and a current ratio of 1.99. Sandstorm Gold has a fifty-two week low of C$5.36 and a fifty-two week high of C$8.58.

Sandstorm Gold (TSE:SSL) last released its earnings results on Thursday, August 1st. The company reported C$0.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 firm had revenue of C$56.61 million for the quarter, compared to analysts’ expectations of C$55.48 million.

Sandstorm Gold Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 26th. Stockholders of record on Friday, July 26th were given a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a dividend yield of 0.94%. The ex-dividend date of this dividend was Tuesday, July 16th. Sandstorm Gold’s dividend payout ratio (DPR) is presently 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.