Q3 Earnings Estimate for Sandstorm Gold Issued By Cormark

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

Other analysts have also issued research reports about the stock. Canaccord Genuity Group lifted their price objective on shares of Sandstorm Gold from C$10.50 to C$11.00 in a research report on Tuesday, July 23rd. CIBC lifted their target price on Sandstorm Gold from C$9.00 to C$9.50 in a report on Wednesday, July 10th. TD Securities upped their price target on shares of Sandstorm Gold from C$10.00 to C$11.00 in a report on Friday, October 18th. Finally, Stifel Nicolaus boosted their price target on shares of Sandstorm Gold from C$10.25 to C$11.00 in a research note on Monday, October 21st.

Sandstorm Gold Price Performance

Sandstorm Gold has a 1-year low of C$5.36 and a 1-year high of C$8.98. The firm has a 50 day moving average price of C$7.99 and a 200-day moving average price of C$7.75. The company has a debt-to-equity ratio of 26.63, a quick ratio of 1.17 and a current ratio of 1.99. The stock has a market capitalization 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 (TSE:SSL) last issued its earnings results on Thursday, August 1st. The company reported C$0.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.03 by C$0.01. The company had revenue of C$56.61 million for the quarter, compared to analysts’ expectations 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 company also recently disclosed a quarterly dividend, which was paid on Friday, October 25th. Shareholders of record on Friday, October 25th were given a dividend of $0.02 per share. The ex-dividend date of this dividend was Tuesday, October 15th. This represents a $0.08 annualized dividend and a yield of ?. Sandstorm Gold’s payout ratio is 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.