FY2024 Earnings Forecast for Sandstorm Gold Ltd. (TSE:SSL) Issued By Cormark

Sandstorm Gold Ltd. (TSE:SSL) – Cormark upped their FY2024 EPS estimates for Sandstorm Gold in a research note issued on Monday, May 6th. Cormark analyst N. Dion now forecasts that the company will post earnings per share of $0.14 for the year, up from their previous estimate of $0.11. The consensus estimate for Sandstorm Gold’s current full-year earnings is $0.12 per share.

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

A number of other equities research analysts have also recently weighed in on SSL. National Bankshares raised their price target on Sandstorm Gold from C$8.50 to C$8.75 in a report on Monday. TD Securities decreased their price objective on shares of Sandstorm Gold from C$8.00 to C$7.00 and set a “buy” rating on the stock in a report on Wednesday, February 14th. CIBC increased their price target on shares of Sandstorm Gold from C$8.00 to C$9.00 in a research note on Monday, April 15th. Finally, Canaccord Genuity Group upped their price objective on Sandstorm Gold from C$10.00 to C$10.50 in a report on Tuesday, April 23rd.

Sandstorm Gold Stock Down 0.1 %

SSL opened at C$7.71 on Thursday. The firm has a market cap of C$2.30 billion, a price-to-earnings ratio of 40.58, a PEG ratio of 0.90 and a beta of 1.09. 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 firm’s 50-day simple moving average is C$7.06 and its 200-day simple moving average is C$6.59. Sandstorm Gold has a twelve month low of C$5.36 and a twelve month high of C$8.23.

Insider Activity

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

Sandstorm Gold Dividend Announcement

The business also recently announced 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. The ex-dividend date of this dividend was Monday, April 15th. This represents a $0.08 annualized dividend and a dividend yield of 1.04%. Sandstorm Gold’s payout ratio 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.