Brokers Offer Predictions for Sandstorm Gold Ltd.’s FY2024 Earnings (TSE:SSL)

Sandstorm Gold Ltd. (TSE:SSL) – Investment analysts at HC Wainwright decreased their FY2024 earnings estimates for shares of Sandstorm Gold in a research note issued to investors on Tuesday, May 7th. HC Wainwright analyst H. Ihle now anticipates that the company will post earnings per share of $0.08 for the year, down from their previous forecast of $0.12. The consensus estimate for Sandstorm Gold’s current full-year earnings is $0.12 per share. HC Wainwright also issued estimates for Sandstorm Gold’s FY2025 earnings at $0.10 EPS.

Sandstorm Gold (TSE:SSL) last issued its earnings results on Thursday, February 15th. The company reported C$0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.03 by C$0.08. The firm had revenue of C$60.59 million for the quarter, compared to analyst estimates of C$62.51 million. Sandstorm Gold had a return on equity of 2.95% and a net margin of 23.22%.

SSL has been the topic of several other research reports. Canaccord Genuity Group boosted their price target on shares of Sandstorm Gold from C$10.00 to C$10.50 in a research report on Tuesday, April 23rd. National Bankshares increased their target price on Sandstorm Gold from C$8.50 to C$8.75 in a research report on Monday. TD Securities reduced their price target on Sandstorm Gold from C$8.00 to C$7.00 and set a “buy” rating for the company in a research report on Wednesday, February 14th. Finally, CIBC raised their target price on Sandstorm Gold from C$8.00 to C$9.00 in a research note on Monday, April 15th.

Sandstorm Gold Trading Up 0.4 %

Shares of Sandstorm Gold stock opened at C$7.72 on Wednesday. The company has a debt-to-equity ratio of 31.19, a quick ratio of 1.17 and a current ratio of 3.32. The stock has a market capitalization of C$2.30 billion, a P/E ratio of 40.63, a P/E/G ratio of 0.90 and a beta of 1.09. Sandstorm Gold has a 52-week low of C$5.36 and a 52-week high of C$8.30. The stock’s 50-day simple moving average is C$7.02 and its 200 day simple moving average is C$6.58.

Insider Transactions at Sandstorm Gold

In other news, Director Nolan Allan Watson purchased 27,200 shares of the company’s stock in a transaction on Monday, April 15th. The stock was purchased at an average price of C$7.33 per share, with a total value of C$199,376.00. 1.23% of the stock is currently owned by insiders.

Sandstorm Gold Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 26th. Stockholders of record on Friday, April 26th were given a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a dividend yield of 1.04%. The ex-dividend date of this dividend was Monday, April 15th. Sandstorm Gold’s dividend payout ratio (DPR) is currently 42.11%.

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.