Raymond James Forecasts Stronger Earnings for Sandstorm Gold

Sandstorm Gold Ltd. (TSE:SSL) – Investment analysts at Raymond James raised their Q4 2024 EPS estimates for Sandstorm Gold in a report issued on Sunday, November 10th. Raymond James analyst B. Macarthur now forecasts that the company will post earnings per share of $0.06 for the quarter, up from their prior estimate of $0.05. The consensus estimate for Sandstorm Gold’s current full-year earnings is $0.23 per share. Raymond James also issued estimates for Sandstorm Gold’s Q1 2025 earnings at $0.06 EPS, Q2 2025 earnings at $0.06 EPS and FY2025 earnings at $0.25 EPS.

A number of other brokerages also recently issued reports on SSL. Stifel Nicolaus upped their price target on Sandstorm Gold from C$10.25 to C$11.00 in a research report on Monday, October 21st. Canaccord Genuity Group raised their price target on Sandstorm Gold from C$10.50 to C$11.00 in a report on Tuesday, July 23rd. CIBC upped their price target on shares of Sandstorm Gold from C$9.50 to C$10.00 in a research note on Friday, November 8th. Finally, TD Securities lifted their price objective on shares of Sandstorm Gold from C$10.00 to C$11.00 in a research note on Friday, October 18th.

Sandstorm Gold Price Performance

Shares of SSL stock opened at C$7.55 on Tuesday. The company has a market cap of C$2.25 billion, a P/E ratio of 53.93, a PEG ratio of 0.90 and a beta of 1.11. The company has a debt-to-equity ratio of 26.63, a current ratio of 1.99 and a quick ratio of 1.17. The stock’s 50-day moving average is C$8.16 and its 200 day moving average is C$7.82. Sandstorm Gold has a 1-year low of C$5.36 and a 1-year high of C$8.98.

Sandstorm Gold (TSE:SSL) last issued its quarterly earnings data on Thursday, November 7th. The company reported C$0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.05 by C($0.02). The business had revenue of C$60.98 million for the quarter, compared to analysts’ expectations of C$61.69 million. Sandstorm Gold had a net margin of 17.55% and a return on equity of 2.15%.

Sandstorm Gold Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 25th. Shareholders of record on Friday, October 25th were issued a $0.02 dividend. The ex-dividend date was Tuesday, October 15th. This represents a $0.08 dividend on an annualized basis and a yield of 1.06%. Sandstorm Gold’s payout ratio is 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.