Stifel Canada Forecasts Higher Earnings for Sandstorm Gold

Sandstorm Gold Ltd. (NYSE:SAND) – Stock analysts at Stifel Canada raised their FY2024 earnings per share (EPS) estimates for Sandstorm Gold in a report released on Monday, October 21st. Stifel Canada analyst I. Rico now expects that the company will earn $0.11 per share for the year, up from their previous estimate of $0.09. The consensus estimate for Sandstorm Gold’s current full-year earnings is $0.09 per share. Stifel Canada also issued estimates for Sandstorm Gold’s FY2026 earnings at $0.20 EPS.

Other analysts also recently issued research reports about the company. Royal Bank of Canada dropped their price objective on Sandstorm Gold from $6.50 to $6.00 and set an “outperform” rating on the stock in a research note on Tuesday, September 10th. CIBC lifted their price objective on Sandstorm Gold from $9.00 to $9.50 and gave the company a “neutral” rating in a report on Wednesday, July 10th. StockNews.com raised Sandstorm Gold from a “hold” rating to a “buy” rating in a research note on Friday, September 27th. Finally, HC Wainwright lifted their price target on shares of Sandstorm Gold from $11.00 to $11.50 and gave the company a “buy” rating in a research note on Monday, August 5th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, Sandstorm Gold has an average rating of “Moderate Buy” and an average target price of $8.25.

Sandstorm Gold Trading Down 2.2 %

Shares of NYSE SAND opened at $6.16 on Thursday. Sandstorm Gold has a twelve month low of $3.96 and a twelve month high of $6.50. The stock has a market cap of $1.83 billion, a price-to-earnings ratio of 77.25 and a beta of 1.14. The company has a quick ratio of 1.99, a current ratio of 1.99 and a debt-to-equity ratio of 0.27. The company’s fifty day moving average is $5.89 and its 200-day moving average is $5.67.

Sandstorm Gold (NYSE:SAND) last announced its quarterly earnings results on Thursday, August 1st. The company reported $0.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.01. Sandstorm Gold had a net margin of 17.55% and a return on equity of 2.06%. The business had revenue of $41.37 million for the quarter, compared to the consensus estimate of $40.50 million. During the same period last year, the company posted $0.01 EPS.

Sandstorm Gold Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 25th. Shareholders of record on Tuesday, October 15th were given a dividend of $0.015 per share. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.97%. The ex-dividend date was Tuesday, October 15th. This is a positive change from Sandstorm Gold’s previous quarterly dividend of $0.01. Sandstorm Gold’s dividend payout ratio is presently 62.50%.

Institutional Investors Weigh In On Sandstorm Gold

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Mad River Investors increased its stake in Sandstorm Gold by 1.6% during the 2nd quarter. Mad River Investors now owns 192,069 shares of the company’s stock worth $1,045,000 after acquiring an additional 3,016 shares during the period. Raymond James & Associates lifted its position in Sandstorm Gold by 1.1% during the second quarter. Raymond James & Associates now owns 302,128 shares of the company’s stock worth $1,644,000 after purchasing an additional 3,319 shares during the period. Pullen Investment Management LLC grew its stake in Sandstorm Gold by 3.2% during the second quarter. Pullen Investment Management LLC now owns 109,976 shares of the company’s stock worth $598,000 after buying an additional 3,442 shares in the last quarter. Oxbow Advisors LLC grew its stake in Sandstorm Gold by 34.3% during the second quarter. Oxbow Advisors LLC now owns 20,556 shares of the company’s stock worth $112,000 after buying an additional 5,254 shares in the last quarter. Finally, Perritt Capital Management Inc. bought a new position in Sandstorm Gold in the 1st quarter valued at about $31,000. 51.97% of the stock is currently owned by institutional investors and hedge funds.

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.