HC Wainwright Lowers Earnings Estimates for Sandstorm Gold

Sandstorm Gold Ltd. (NYSE:SAND) – Equities research analysts at HC Wainwright cut their FY2025 earnings estimates for Sandstorm Gold in a research report issued to clients and investors on Wednesday, February 19th. HC Wainwright analyst H. Ihle now anticipates that the company will earn $0.08 per share for the year, down from their previous forecast of $0.10. HC Wainwright has a “Buy” rating and a $11.50 price target on the stock. The consensus estimate for Sandstorm Gold’s current full-year earnings is $0.19 per share.

Separately, StockNews.com downgraded shares of Sandstorm Gold from a “buy” rating to a “hold” rating in a report on Thursday, February 13th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $8.38.

Sandstorm Gold Price Performance

Shares of NYSE SAND opened at $6.19 on Friday. Sandstorm Gold has a twelve month low of $3.99 and a twelve month high of $6.67. The company has a current ratio of 1.95, a quick ratio of 2.29 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $1.83 billion, a price-to-earnings ratio of 123.72 and a beta of 1.10. The firm has a 50-day moving average of $5.82 and a two-hundred day moving average of $5.80.

Sandstorm Gold (NYSE:SAND) last issued its quarterly earnings results on Tuesday, February 18th. The company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.03). Sandstorm Gold had a net margin of 8.11% and a return on equity of 0.98%. The business had revenue of $47.40 million during the quarter, compared to analyst estimates of $67.49 million. During the same period in the previous year, the company posted ($0.04) earnings per share.

Institutional Trading of Sandstorm Gold

Institutional investors and hedge funds have recently bought and sold shares of the stock. Barclays PLC raised its holdings in Sandstorm Gold by 6.4% during the 3rd quarter. Barclays PLC now owns 399,854 shares of the company’s stock worth $2,400,000 after buying an additional 23,947 shares during the period. FMR LLC acquired a new position in shares of Sandstorm Gold in the 3rd quarter valued at about $600,000. Intact Investment Management Inc. increased its holdings in shares of Sandstorm Gold by 195.0% in the 3rd quarter. Intact Investment Management Inc. now owns 130,100 shares of the company’s stock valued at $781,000 after purchasing an additional 86,000 shares during the period. Geode Capital Management LLC increased its holdings in shares of Sandstorm Gold by 7.5% in the 3rd quarter. Geode Capital Management LLC now owns 125,681 shares of the company’s stock valued at $757,000 after purchasing an additional 8,728 shares during the period. Finally, Louisbourg Investments Inc. increased its holdings in shares of Sandstorm Gold by 17.4% in the 4th quarter. Louisbourg Investments Inc. now owns 728,182 shares of the company’s stock valued at $4,071,000 after purchasing an additional 108,000 shares during the period. Institutional investors and hedge funds own 51.97% of the company’s stock.

Sandstorm Gold Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Tuesday, January 21st were issued a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a yield of 1.29%. The ex-dividend date of this dividend was Tuesday, January 21st. This is an increase from Sandstorm Gold’s previous quarterly dividend of $0.02. Sandstorm Gold’s payout ratio is presently 100.00%.

Sandstorm Gold Company Profile

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.