Raymond James Forecasts Lower Earnings for Sandstorm Gold

Sandstorm Gold Ltd. (NYSE:SAND) – Investment analysts at Raymond James dropped their FY2024 earnings per share estimates for Sandstorm Gold in a research report issued to clients and investors on Monday, December 23rd. Raymond James analyst B. Macarthur now forecasts that the company will earn $0.07 per share for the year, down from their prior forecast of $0.08. The consensus estimate for Sandstorm Gold’s current full-year earnings is $0.09 per share. Raymond James also issued estimates for Sandstorm Gold’s Q4 2024 earnings at $0.03 EPS, Q3 2025 earnings at $0.04 EPS, Q4 2025 earnings at $0.04 EPS and FY2025 earnings at $0.16 EPS.

Sandstorm Gold (NYSE:SAND) last released its earnings results on Thursday, November 7th. The company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.01). Sandstorm Gold had a net margin of 20.46% and a return on equity of 2.44%. The business had revenue of $44.70 million for the quarter, compared to the consensus estimate of $44.70 million.

A number of other brokerages have also weighed in on SAND. Royal Bank of Canada decreased their target price on Sandstorm Gold from $6.50 to $6.00 and set an “outperform” rating for the company in a research report on Tuesday, September 10th. StockNews.com downgraded Sandstorm Gold from a “buy” rating to a “hold” rating in a report on Thursday, November 14th. Finally, HC Wainwright increased their target price on shares of Sandstorm Gold from $11.50 to $12.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, Sandstorm Gold presently has an average rating of “Hold” and an average target price of $8.50.

Sandstorm Gold Trading Up 1.1 %

NYSE SAND opened at $5.45 on Wednesday. The stock has a market cap of $1.62 billion, a PE ratio of 45.42 and a beta of 1.11. Sandstorm Gold has a 12 month low of $3.96 and a 12 month high of $6.50. The company’s 50-day moving average price is $5.80 and its 200-day moving average price is $5.71. The company has a current ratio of 2.29, a quick ratio of 2.29 and a debt-to-equity ratio of 0.26.

Hedge Funds Weigh In On Sandstorm Gold

A number of large investors have recently added to or reduced their stakes in the company. Mad River Investors increased its position in shares of Sandstorm Gold by 1.6% during the second quarter. Mad River Investors now owns 192,069 shares of the company’s stock worth $1,045,000 after purchasing an additional 3,016 shares in the last quarter. Raymond James & Associates increased its position in Sandstorm Gold by 1.1% during the 2nd quarter. Raymond James & Associates now owns 302,128 shares of the company’s stock valued at $1,644,000 after buying an additional 3,319 shares in the last quarter. Oxbow Advisors LLC raised its stake in Sandstorm Gold by 34.3% in the second quarter. Oxbow Advisors LLC now owns 20,556 shares of the company’s stock valued at $112,000 after buying an additional 5,254 shares during the last quarter. Private Advisor Group LLC boosted its holdings in Sandstorm Gold by 2.2% in the third quarter. Private Advisor Group LLC now owns 314,963 shares of the company’s stock worth $1,890,000 after acquiring an additional 6,669 shares in the last quarter. Finally, Stansberry Asset Management LLC grew its stake in shares of Sandstorm Gold by 17.1% during the third quarter. Stansberry Asset Management LLC now owns 46,569 shares of the company’s stock worth $279,000 after acquiring an additional 6,817 shares during the last quarter. 51.97% of the stock is currently owned by institutional investors.

Sandstorm Gold Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Tuesday, January 21st will be given a dividend of $0.02 per share. The ex-dividend date of this dividend is Tuesday, January 21st. This represents a $0.08 dividend on an annualized basis and a yield of 1.47%. This is an increase from Sandstorm Gold’s previous quarterly dividend of $0.02. Sandstorm Gold’s dividend payout ratio (DPR) is presently 41.67%.

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.