Sandstorm Gold FY2024 EPS Boosted by National Bank Financial

Sandstorm Gold Ltd. (TSE:SSL) – Equities researchers at National Bank Financial increased their FY2024 earnings estimates for shares of Sandstorm Gold in a report issued on Tuesday, October 22nd. National Bank Financial analyst S. Nagle now anticipates that the company will post earnings of $0.12 per share for the year, up from their previous forecast of $0.10. The consensus estimate for Sandstorm Gold’s current full-year earnings is $0.23 per share. National Bank Financial also issued estimates for Sandstorm Gold’s FY2025 earnings at $0.35 EPS.

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

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

Sandstorm Gold Stock Performance

The firm’s 50 day moving average price is C$7.99 and its 200 day moving average price is C$7.75. Sandstorm Gold has a 52-week low of C$5.36 and a 52-week high of C$8.98. The company has a market cap of C$2.55 billion, a P/E ratio of 61.57, a P/E/G ratio of 0.90 and a beta of 1.11. The company has a quick ratio of 1.17, a current ratio of 1.99 and a debt-to-equity ratio of 26.63.

Sandstorm Gold Announces Dividend

The firm also recently announced 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 annualized dividend and a dividend yield of ?. Sandstorm Gold’s dividend payout ratio (DPR) is presently 57.14%.

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.