Sandstorm Gold Ltd. (TSE:SSL) to Post Q1 2024 Earnings of $0.03 Per Share, Cormark Forecasts

Sandstorm Gold Ltd. (TSE:SSL) – Cormark issued their Q1 2024 earnings estimates for Sandstorm Gold in a research report issued to clients and investors on Monday, April 22nd. Cormark analyst N. Dion expects that the company will post earnings of $0.03 per share for the quarter. The consensus estimate for Sandstorm Gold’s current full-year earnings is $0.09 per share.

Several other brokerages also recently commented on SSL. CIBC boosted their price objective on shares of Sandstorm Gold from C$8.00 to C$9.00 in a research report on Monday, April 15th. TD Securities lowered their price objective on shares of Sandstorm Gold from C$8.00 to C$7.00 and set a “buy” rating for the company in a research report on Wednesday, February 14th. Finally, Canaccord Genuity Group boosted their price objective on shares of Sandstorm Gold from C$10.00 to C$10.50 in a research report on Tuesday.

Sandstorm Gold Stock Up 0.3 %

Shares of SSL opened at C$7.37 on Wednesday. Sandstorm Gold has a one year low of C$5.36 and a one year high of C$8.38. The company has a market cap of C$2.20 billion, a P/E ratio of 38.79, a P/E/G ratio of 0.90 and a beta of 1.03. The company has a debt-to-equity ratio of 29.92, a current ratio of 3.32 and a quick ratio of 1.17. The firm has a 50 day simple moving average of C$6.61 and a two-hundred day simple moving average of C$6.50.

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

Insider Activity

In other news, Director Nolan Allan Watson bought 7,800 shares of Sandstorm Gold stock in a transaction dated Tuesday, March 12th. The stock was bought at an average cost of C$6.39 per share, for a total transaction of C$49,826.40. 1.22% of the stock is currently owned by company insiders.

Sandstorm Gold Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 26th. Stockholders of record on Friday, April 26th will be issued a dividend of $0.02 per share. The ex-dividend date is Monday, April 15th. This represents a $0.08 annualized dividend and a dividend yield of 1.09%. Sandstorm Gold’s dividend payout ratio (DPR) 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.