Sandstorm Gold Ltd. Expected to Post Q1 2024 Earnings of $0.01 Per Share (TSE:SSL)

Sandstorm Gold Ltd. (TSE:SSL) – Raymond James issued their Q1 2024 earnings per share (EPS) estimates for Sandstorm Gold in a research report issued to clients and investors on Tuesday, April 23rd. Raymond James analyst B. Macarthur expects that the company will earn $0.01 per share for the quarter. The consensus estimate for Sandstorm Gold’s current full-year earnings is $0.09 per share. Raymond James also issued estimates for Sandstorm Gold’s Q2 2024 earnings at $0.04 EPS, Q3 2024 earnings at $0.03 EPS, Q4 2024 earnings at $0.04 EPS and FY2024 earnings at $0.12 EPS.

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

SSL has been the topic of a number of other research reports. CIBC upped their price target on shares of Sandstorm Gold from C$8.00 to C$9.00 in a research note on Monday, April 15th. Canaccord Genuity Group upped their target price on shares of Sandstorm Gold from C$10.00 to C$10.50 in a research note on Tuesday, April 23rd. Finally, TD Securities cut their price target 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.

Sandstorm Gold Price Performance

SSL stock opened at C$7.71 on Friday. The company has a debt-to-equity ratio of 29.92, a quick ratio of 1.17 and a current ratio of 3.32. The firm has a market capitalization of C$2.30 billion, a price-to-earnings ratio of 40.58, a PEG ratio of 0.90 and a beta of 1.03. The firm has a 50 day moving average price of C$6.73 and a 200-day moving average price of C$6.53. Sandstorm Gold has a 52-week low of C$5.36 and a 52-week high of C$8.38.

Insider Activity

In related news, Director Nolan Allan Watson bought 27,200 shares of the business’s stock in a transaction on Monday, April 15th. The stock was acquired at an average price of C$7.33 per share, with a total value of C$199,376.00. 1.22% of the stock is owned by corporate insiders.

Sandstorm Gold Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, April 26th. Stockholders of record on Friday, April 26th were paid a $0.02 dividend. The ex-dividend date of this dividend was Monday, April 15th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 1.04%. Sandstorm Gold’s dividend payout ratio is presently 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.