Stifel Canada Weighs in on Sandstorm Gold Q4 Earnings

Sandstorm Gold Ltd. (NYSE:SAND) – Stock analysts at Stifel Canada issued their Q4 2024 earnings per share estimates for Sandstorm Gold in a report issued on Tuesday, February 4th. Stifel Canada analyst I. Rico expects that the company will earn $0.05 per share 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 firm had revenue of $44.70 million for the quarter, compared to the consensus estimate of $44.70 million.

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

Sandstorm Gold Trading Up 2.2 %

Shares of Sandstorm Gold stock opened at $6.27 on Thursday. The stock has a market capitalization of $1.86 billion, a P/E ratio of 52.21 and a beta of 1.10. Sandstorm Gold has a 52-week low of $3.96 and a 52-week high of $6.50. 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 stock’s 50-day simple moving average is $5.68 and its 200 day simple moving average is $5.75.

Institutional Investors Weigh In On Sandstorm Gold

Institutional investors and hedge funds have recently modified their holdings of the company. Bank of New York Mellon Corp boosted its stake in Sandstorm Gold by 21.0% during the fourth quarter. Bank of New York Mellon Corp now owns 13,897 shares of the company’s stock valued at $78,000 after buying an additional 2,416 shares during the period. FNY Investment Advisers LLC boosted its position in shares of Sandstorm Gold by 20.0% during the 4th quarter. FNY Investment Advisers LLC now owns 24,000 shares of the company’s stock valued at $133,000 after acquiring an additional 4,000 shares during the last quarter. Money Concepts Capital Corp grew its holdings in shares of Sandstorm Gold by 3.1% during the fourth quarter. Money Concepts Capital Corp now owns 177,499 shares of the company’s stock worth $990,000 after purchasing an additional 5,393 shares in the last quarter. Private Advisor Group LLC increased its position in shares of Sandstorm Gold by 2.2% in the third quarter. Private Advisor Group LLC now owns 314,963 shares of the company’s stock worth $1,890,000 after purchasing an additional 6,669 shares during the last quarter. Finally, Stansberry Asset Management LLC raised its stake in Sandstorm Gold by 17.1% in the third quarter. Stansberry Asset Management LLC now owns 46,569 shares of the company’s stock valued at $279,000 after purchasing an additional 6,817 shares in the last quarter. 51.97% of the stock is owned by hedge funds and other institutional investors.

Sandstorm Gold Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Tuesday, January 21st were given a dividend of $0.02 per share. The ex-dividend date was Tuesday, January 21st. This is a boost from Sandstorm Gold’s previous quarterly dividend of $0.02. This represents a $0.08 annualized dividend and a dividend yield of 1.28%. Sandstorm Gold’s dividend payout ratio is currently 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.