What is Cormark’s Estimate for Sandstorm Gold Q3 Earnings?

Sandstorm Gold Ltd. (TSE:SSL) – Equities researchers at Cormark issued their Q3 2024 earnings per share estimates for shares of Sandstorm Gold in a research note issued to investors on Wednesday, October 23rd. Cormark analyst N. Dion forecasts that the company will post earnings per share of $0.04 for the quarter. The consensus estimate for Sandstorm Gold’s current full-year earnings is $0.23 per share.

A number of other analysts have also weighed in on SSL. Stifel Nicolaus raised their target price on shares of Sandstorm Gold from C$10.25 to C$11.00 in a research report on Monday, October 21st. CIBC raised their price objective on Sandstorm Gold from C$9.00 to C$9.50 in a report on Wednesday, July 10th. Canaccord Genuity Group boosted their price objective on Sandstorm Gold from C$10.50 to C$11.00 in a research report on Tuesday, July 23rd. Finally, TD Securities increased their target price on Sandstorm Gold from C$10.00 to C$11.00 in a research report on Friday, October 18th.

Sandstorm Gold Stock Performance

The firm has a fifty day moving average of C$7.99 and a 200 day moving average of C$7.75. The firm has a market cap of C$2.55 billion, a P/E ratio of 61.57, a P/E/G ratio of 0.90 and a beta of 1.11. Sandstorm Gold has a one year low of C$5.36 and a one year high of C$8.98. The company has a current ratio of 1.99, a quick ratio of 1.17 and a debt-to-equity ratio of 26.63.

Sandstorm Gold (TSE:SSL) last released its quarterly earnings data on Thursday, August 1st. The company reported C$0.04 earnings per share for the quarter, beating the consensus estimate of C$0.03 by C$0.01. The business had revenue of C$56.61 million for the quarter, compared to analyst estimates of C$55.48 million. Sandstorm Gold had a return on equity of 2.15% and a net margin of 17.55%.

Sandstorm Gold Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 25th. Stockholders of record on Friday, October 25th were paid a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a dividend yield of ∞. The ex-dividend date was Tuesday, October 15th. Sandstorm Gold’s payout ratio is currently 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.