FY2024 EPS Estimates for Sandstorm Gold Boosted by Analyst

Sandstorm Gold Ltd. (TSE:SSL) – Equities researchers at National Bank Financial increased their FY2024 earnings estimates for Sandstorm Gold in a research note issued to investors on Monday, February 10th. National Bank Financial analyst S. Nagle now expects that the company will earn $0.14 per share for the year, up from their previous estimate of $0.13. The consensus estimate for Sandstorm Gold’s current full-year earnings is $0.23 per share. National Bank Financial also issued estimates for Sandstorm Gold’s Q4 2024 earnings at $0.09 EPS.

Several other research analysts have also recently issued reports on SSL. TD Securities raised their target price on shares of Sandstorm Gold from C$10.00 to C$11.00 in a report on Friday, October 18th. Stifel Nicolaus raised their target price on shares of Sandstorm Gold from C$10.25 to C$11.00 in a report on Monday, October 21st. Finally, CIBC raised their target price on shares of Sandstorm Gold from C$9.50 to C$10.00 in a report on Friday, November 8th.

Sandstorm Gold Stock Up 2.0 %

Shares of TSE SSL opened at C$9.40 on Wednesday. Sandstorm Gold has a one year low of C$5.36 and a one year high of C$9.42. 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 firm’s 50 day simple moving average is C$8.24 and its two-hundred day simple moving average is C$8.05. The stock has a market capitalization of C$2.80 billion, a P/E ratio of 67.14, a PEG ratio of 0.90 and a beta of 1.11.

Sandstorm Gold Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Friday, January 31st were paid a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a yield of 0.85%. The ex-dividend date was Tuesday, January 21st. Sandstorm Gold’s payout ratio is 57.14%.

Insider Buying and Selling

In other 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 transaction of C$403,000.00. 1.20% of the stock is currently owned by insiders.

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.