FY2024 EPS Estimates for Sandstorm Gold Lowered by Analyst

Sandstorm Gold Ltd. (TSE:SSL) – Equities research analysts at Scotiabank decreased their FY2024 earnings estimates for Sandstorm Gold in a research note issued on Wednesday, January 8th. Scotiabank analyst T. Jakusconek now forecasts that the company will post earnings per share of $0.13 for the year, down from their previous estimate of $0.14. The consensus estimate for Sandstorm Gold’s current full-year earnings is $0.23 per share.

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

Other research analysts also recently issued reports about the stock. CIBC boosted their price objective on shares of Sandstorm Gold from C$9.50 to C$10.00 in a research report on Friday, November 8th. TD Securities increased their price objective on shares of Sandstorm Gold from C$10.00 to C$11.00 in a research report on Friday, October 18th. Finally, Stifel Nicolaus lifted their target price on Sandstorm Gold from C$10.25 to C$11.00 in a report on Monday, October 21st.

Sandstorm Gold Stock Performance

TSE SSL opened at C$8.15 on Monday. The stock has a market cap of C$2.42 billion, a P/E ratio of 58.21, a price-to-earnings-growth ratio of 0.90 and a beta of 1.11. Sandstorm Gold has a fifty-two week low of C$5.36 and a fifty-two week high of C$8.98. The stock has a 50 day simple moving average of C$8.05 and a two-hundred day simple moving average of C$7.91. The company has a debt-to-equity ratio of 26.63, a quick ratio of 1.17 and a current ratio of 1.99.

Insider Buying and Selling

In related news, Director David Awram sold 50,000 shares of the firm’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of C$8.06, for a total value of C$403,000.00. 1.20% of the stock is owned by insiders.

Sandstorm Gold Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 31st will be issued a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a yield of 0.98%. The ex-dividend date is Tuesday, January 21st. Sandstorm Gold’s dividend payout ratio is currently 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.