Brokers Set Expectations for Sandstorm Gold Ltd.’s Q1 2024 Earnings (NYSE:SAND)

Sandstorm Gold Ltd. (NYSE:SAND) – Equities research analysts at Cormark issued their Q1 2024 earnings per share estimates for Sandstorm Gold in a report released on Monday, April 22nd. Cormark analyst N. Dion expects that the company will post earnings of $0.02 per share for the quarter. The consensus estimate for Sandstorm Gold’s current full-year earnings is $0.08 per share.

Separately, Scotiabank decreased their price objective on Sandstorm Gold from $6.50 to $6.25 and set a “sector perform” rating on the stock in a report on Thursday, April 18th.

Sandstorm Gold Stock Up 0.3 %

NYSE SAND opened at $5.38 on Wednesday. The company has a current ratio of 3.32, a quick ratio of 3.32 and a debt-to-equity ratio of 0.30. The stock’s 50 day moving average is $4.89 and its two-hundred day moving average is $4.80. The company has a market capitalization of $1.60 billion, a price-to-earnings ratio of 38.39 and a beta of 1.10. Sandstorm Gold has a 1-year low of $3.96 and a 1-year high of $6.24.

Sandstorm Gold (NYSE:SAND) last released its quarterly earnings data on Thursday, February 15th. The company reported $0.08 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.06. The company had revenue of $44.50 million for the quarter, compared to the consensus estimate of $46.30 million. Sandstorm Gold had a return on equity of 2.89% and a net margin of 23.22%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Principal Securities Inc. bought a new position in Sandstorm Gold in the 4th quarter worth approximately $25,000. Creekmur Asset Management LLC bought a new position in Sandstorm Gold in the 4th quarter worth approximately $39,000. Sequoia Financial Advisors LLC bought a new position in Sandstorm Gold in the 3rd quarter worth approximately $47,000. Van Hulzen Asset Management LLC bought a new position in Sandstorm Gold in the 4th quarter worth approximately $50,000. Finally, Anchor Investment Management LLC bought a new stake in shares of Sandstorm Gold during the 4th quarter valued at $53,000. 51.97% of the stock is owned by institutional investors and hedge funds.

Sandstorm Gold Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 26th. Stockholders of record on Tuesday, April 16th will be issued a $0.0147 dividend. This represents a $0.06 annualized dividend and a dividend yield of 1.09%. The ex-dividend date is Monday, April 15th. Sandstorm Gold’s payout ratio is currently 21.43%.

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.