Stifel Canada Estimates Sandstorm Gold Q3 Earnings

Sandstorm Gold Ltd. (TSE:SSL) – Equities researchers at Stifel Canada issued their Q3 2024 EPS estimates for Sandstorm Gold in a research report issued on Monday, October 21st. Stifel Canada analyst I. Rico forecasts that the company will earn $0.04 per share for the quarter. 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 FY2025 earnings at $0.28 EPS.

Several other research firms have also issued reports on SSL. CIBC raised their price target on shares of Sandstorm Gold from C$9.00 to C$9.50 in a research report on Wednesday, July 10th. 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. Stifel Nicolaus raised their price objective on shares of Sandstorm Gold from C$10.25 to C$11.00 in a report on Monday. Finally, TD Securities lifted their price target on shares of Sandstorm Gold from C$10.00 to C$11.00 in a report on Friday, October 18th.

Sandstorm Gold Stock Performance

TSE:SSL opened at C$8.85 on Wednesday. Sandstorm Gold has a 1 year low of C$5.36 and a 1 year high of C$8.98. The firm’s fifty day simple moving average is C$7.96 and its 200 day simple moving average is C$7.74. The company has a current ratio of 1.99, a quick ratio of 1.17 and a debt-to-equity ratio of 26.63. The firm has a market capitalization of C$2.63 billion, a PE ratio of 63.21, a PEG ratio of 0.90 and a beta of 1.11.

Sandstorm Gold (TSE:SSL) last issued its quarterly earnings results on Thursday, August 1st. The company reported C$0.04 EPS for the quarter, beating the consensus estimate of C$0.03 by C$0.01. Sandstorm Gold had a net margin of 17.55% and a return on equity of 2.15%. The business 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 disclosed a quarterly dividend, which will be paid on Friday, October 25th. Stockholders of record on Friday, October 25th will be given a $0.02 dividend. This represents a $0.08 annualized dividend and a dividend yield of 0.90%. The ex-dividend date of this dividend is Tuesday, October 15th. Sandstorm Gold’s payout ratio is presently 57.14%.

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.