Stifel Canada Predicts Sandstorm Gold Q3 Earnings

Sandstorm Gold Ltd. (NYSE:SAND) – Stock analysts at Stifel Canada issued their Q3 2024 earnings per share (EPS) estimates for shares of Sandstorm Gold in a research note issued on Monday, October 21st. Stifel Canada analyst I. Rico expects that the company will post earnings per share of $0.03 for the quarter. 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 FY2025 earnings at $0.20 EPS.

SAND has been the subject of several other reports. Royal Bank of Canada decreased their target price on shares of Sandstorm Gold from $6.50 to $6.00 and set an “outperform” rating for the company in a research report on Tuesday, September 10th. CIBC increased their price target on Sandstorm Gold from $9.00 to $9.50 and gave the stock a “neutral” rating in a research note on Wednesday, July 10th. HC Wainwright boosted their target price on shares of Sandstorm Gold from $11.00 to $11.50 and gave the company a “buy” rating in a report on Monday, August 5th. Finally, StockNews.com upgraded Sandstorm Gold from a “hold” rating to a “buy” rating in a research report on Friday, September 27th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Sandstorm Gold presently has a consensus rating of “Moderate Buy” and a consensus price target of $8.25.

Sandstorm Gold Stock Down 1.4 %

Shares of NYSE SAND opened at $6.39 on Wednesday. The company has a market capitalization of $1.90 billion, a P/E ratio of 63.71 and a beta of 1.14. The company’s 50 day moving average price is $5.85 and its 200-day moving average price is $5.66. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.99 and a current ratio of 1.99. Sandstorm Gold has a 52-week low of $3.96 and a 52-week high of $6.50.

Sandstorm Gold (NYSE:SAND) last released its earnings results on Thursday, August 1st. The company reported $0.03 EPS for the quarter, beating the consensus estimate of $0.02 by $0.01. Sandstorm Gold had a net margin of 17.55% and a return on equity of 2.06%. The firm had revenue of $41.37 million for the quarter, compared to analyst estimates of $40.50 million. During the same period last year, the firm earned $0.01 EPS.

Sandstorm Gold Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 25th. Investors of record on Tuesday, October 15th will be paid a $0.015 dividend. The ex-dividend date of this dividend is Tuesday, October 15th. This represents a $0.06 annualized dividend and a dividend yield of 0.94%. This is an increase from Sandstorm Gold’s previous quarterly dividend of $0.01. Sandstorm Gold’s dividend payout ratio is presently 60.01%.

Institutional Investors Weigh In On Sandstorm Gold

Several large investors have recently bought and sold shares of SAND. Perritt Capital Management Inc. bought a new position in Sandstorm Gold in the 1st quarter worth approximately $31,000. Allworth Financial LP purchased a new stake in shares of Sandstorm Gold in the third quarter valued at $60,000. Mather Group LLC. purchased a new position in shares of Sandstorm Gold during the second quarter valued at approximately $67,000. Oak Family Advisors LLC bought a new position in Sandstorm Gold in the second quarter worth approximately $88,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Sandstorm Gold during the second quarter valued at $94,000. 51.97% of the stock is currently owned by institutional investors.

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.