Stifel Canada Forecasts Sandstorm Gold Q4 Earnings

Sandstorm Gold Ltd. (NYSE:SAND) – Analysts at Stifel Canada issued their Q4 2024 earnings per share (EPS) estimates for shares of Sandstorm Gold in a research report issued on Tuesday, February 4th. Stifel Canada analyst I. Rico anticipates that the company will post earnings per share of $0.05 for the quarter. The consensus estimate for Sandstorm Gold’s current full-year earnings is $0.09 per share.

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

A number of other equities research analysts also recently commented on the stock. HC Wainwright lifted their target price on shares of Sandstorm Gold from $11.50 to $12.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. StockNews.com upgraded Sandstorm Gold from a “hold” rating to a “buy” rating in a research note on Wednesday. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Sandstorm Gold presently has a consensus rating of “Moderate Buy” and an average price target of $8.50.

Sandstorm Gold Stock Up 0.6 %

NYSE:SAND opened at $6.31 on Thursday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.29 and a current ratio of 2.29. The firm has a market cap of $1.87 billion, a P/E ratio of 52.55 and a beta of 1.10. Sandstorm Gold has a fifty-two week low of $3.96 and a fifty-two week high of $6.50. The firm has a 50-day simple moving average of $5.69 and a two-hundred day simple moving average of $5.75.

Institutional Trading of Sandstorm Gold

Institutional investors and hedge funds have recently made changes to their positions in the business. Squarepoint Ops LLC bought a new position in Sandstorm Gold during the 2nd quarter worth about $606,000. Barclays PLC boosted its stake in shares of Sandstorm Gold by 6.4% during the third quarter. Barclays PLC now owns 399,854 shares of the company’s stock valued at $2,400,000 after purchasing an additional 23,947 shares in the last quarter. FMR LLC purchased a new position in Sandstorm Gold during the third quarter valued at approximately $600,000. Intact Investment Management Inc. raised its stake in Sandstorm Gold by 195.0% in the third quarter. Intact Investment Management Inc. now owns 130,100 shares of the company’s stock worth $781,000 after buying an additional 86,000 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd lifted its holdings in Sandstorm Gold by 219.0% during the third quarter. Dynamic Technology Lab Private Ltd now owns 47,727 shares of the company’s stock worth $286,000 after buying an additional 32,766 shares during the period. 51.97% of the stock is currently owned by institutional investors.

Sandstorm Gold Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Tuesday, January 21st were paid a $0.02 dividend. The ex-dividend date of this dividend was Tuesday, January 21st. This represents a $0.08 annualized dividend and a yield of 1.27%. This is an increase from Sandstorm Gold’s previous quarterly dividend of $0.02. Sandstorm Gold’s dividend payout ratio (DPR) is presently 50.00%.

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.