FY2024 EPS Estimate for Sandstorm Gold Lowered by Analyst

Sandstorm Gold Ltd. (NYSE:SAND) – Investment analysts at Scotiabank reduced their FY2024 EPS estimates for Sandstorm Gold in a research report issued to clients and investors on Wednesday, January 8th. Scotiabank analyst T. Jakusconek now anticipates that the company will post earnings per share of $0.09 for the year, down from their prior forecast of $0.10. The consensus estimate for Sandstorm Gold’s current full-year earnings is $0.09 per share.

Sandstorm Gold (NYSE:SAND) last posted its quarterly earnings data on Thursday, November 7th. The company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.01). Sandstorm Gold had a net margin of 20.46% and a return on equity of 2.44%. The company had revenue of $44.70 million for the quarter, compared to analysts’ expectations of $44.70 million.

A number of other research analysts have also recently commented on the stock. HC Wainwright increased their price target on shares of Sandstorm Gold from $11.50 to $12.00 and gave the company a “buy” rating in a research report on Monday, November 11th. StockNews.com lowered shares of Sandstorm Gold from a “buy” rating to a “hold” rating in a report on Thursday, November 14th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $8.50.

Sandstorm Gold Stock Performance

Shares of NYSE SAND opened at $5.72 on Monday. The stock’s 50-day moving average is $5.65 and its 200 day moving average is $5.73. The stock has a market cap of $1.70 billion, a price-to-earnings ratio of 47.67 and a beta of 1.10. Sandstorm Gold has a 1-year low of $3.96 and a 1-year high of $6.50. The company has a current ratio of 2.29, a quick ratio of 2.29 and a debt-to-equity ratio of 0.26.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Squarepoint Ops LLC bought a new position in Sandstorm Gold during the 2nd quarter valued at approximately $606,000. Barclays PLC increased its stake in shares of Sandstorm Gold by 6.4% during the third quarter. Barclays PLC now owns 399,854 shares of the company’s stock valued at $2,400,000 after buying an additional 23,947 shares during the period. FMR LLC bought a new position in shares of Sandstorm Gold during the third quarter valued at approximately $600,000. Dimensional Fund Advisors LP raised its holdings in shares of Sandstorm Gold by 42.2% during the second quarter. Dimensional Fund Advisors LP now owns 3,149,232 shares of the company’s stock valued at $17,162,000 after acquiring an additional 935,005 shares in the last quarter. Finally, Sagil Capital LLP purchased a new stake in Sandstorm Gold in the second quarter worth $8,041,000. 51.97% of the stock is owned by hedge funds and other institutional investors.

Sandstorm Gold Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Tuesday, January 21st will be given a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a yield of 1.40%. This is a positive change from Sandstorm Gold’s previous quarterly dividend of $0.02. The ex-dividend date of this dividend is Tuesday, January 21st. Sandstorm Gold’s dividend payout ratio (DPR) is presently 41.67%.

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.