National Bank Financial Estimates Sandstorm Gold Q3 Earnings

Sandstorm Gold Ltd. (TSE:SSL) – National Bank Financial lifted their Q3 2024 earnings per share estimates for Sandstorm Gold in a report released on Tuesday, October 22nd. National Bank Financial analyst S. Nagle now expects that the company will post earnings of $0.06 per share for the quarter, up from their previous estimate of $0.04. The consensus estimate for Sandstorm Gold’s current full-year earnings is $0.23 per share.

Several other equities analysts have also issued reports on SSL. CIBC increased their target price on Sandstorm Gold from C$9.00 to C$9.50 in a research note on Wednesday, July 10th. Canaccord Genuity Group increased their price objective on Sandstorm Gold from C$10.50 to C$11.00 in a report on Tuesday, July 23rd. TD Securities increased their price objective on Sandstorm Gold from C$10.00 to C$11.00 in a report on Friday, October 18th. Finally, Stifel Nicolaus raised their price target on Sandstorm Gold from C$10.25 to C$11.00 in a research note on Monday, October 21st.

Sandstorm Gold Stock Performance

Sandstorm Gold has a 12 month low of C$5.36 and a 12 month high of C$8.98. The stock’s fifty day moving average is C$7.99 and its two-hundred day moving average is C$7.75. The firm has a market capitalization of C$2.55 billion, a price-to-earnings ratio of 61.57, a P/E/G ratio of 0.90 and a beta of 1.11. The company has a debt-to-equity ratio of 26.63, a current ratio of 1.99 and a quick ratio of 1.17.

Sandstorm Gold (TSE:SSL) last released its quarterly earnings data on Thursday, August 1st. The company reported C$0.04 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.03 by C$0.01. The company had revenue of C$56.61 million for the quarter, compared to analyst estimates of C$55.48 million. Sandstorm Gold had a return on equity of 2.15% and a net margin of 17.55%.

Sandstorm Gold Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 25th. Shareholders of record on Friday, October 25th were given a dividend of $0.02 per share. The ex-dividend date of this dividend was Tuesday, October 15th. This represents a $0.08 dividend on an annualized basis and a yield of ?. Sandstorm Gold’s payout ratio is 57.14%.

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.