HC Wainwright Forecasts Stronger Earnings for Sandstorm Gold

Sandstorm Gold Ltd. (NYSE:SAND) – Stock analysts at HC Wainwright boosted their FY2025 EPS estimates for shares of Sandstorm Gold in a research report issued to clients and investors on Monday, November 11th. HC Wainwright analyst H. Ihle now expects that the company will post earnings of $0.10 per share for the year, up from their previous forecast of $0.07. HC Wainwright has a “Buy” rating and a $12.00 price objective on the stock. The consensus estimate for Sandstorm Gold’s current full-year earnings is $0.09 per share.

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

Other analysts have also issued reports about the stock. Royal Bank of Canada lowered their price objective on shares of Sandstorm Gold from $6.50 to $6.00 and set an “outperform” rating for the company in a research note on Tuesday, September 10th. StockNews.com raised shares of Sandstorm Gold from a “hold” rating to a “buy” rating in a research report on Friday, September 27th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Sandstorm Gold has a consensus rating of “Moderate Buy” and an average price target of $8.35.

Sandstorm Gold Price Performance

SAND opened at $5.42 on Wednesday. The company has a market capitalization of $1.61 billion, a price-to-earnings ratio of 45.17 and a beta of 1.13. The company has a current ratio of 2.29, a quick ratio of 2.29 and a debt-to-equity ratio of 0.26. Sandstorm Gold has a 12-month low of $3.96 and a 12-month high of $6.50. The business’s fifty day simple moving average is $5.98 and its 200-day simple moving average is $5.72.

Institutional Trading of Sandstorm Gold

Institutional investors have recently modified their holdings of the company. Boston Partners purchased a new stake in Sandstorm Gold during the first quarter valued at approximately $1,902,000. Squarepoint Ops LLC purchased a new stake in shares of Sandstorm Gold during the 2nd quarter valued at $606,000. Clearbridge Investments LLC lifted its holdings in shares of Sandstorm Gold by 48.1% during the 1st quarter. Clearbridge Investments LLC now owns 384,921 shares of the company’s stock valued at $2,021,000 after purchasing an additional 125,096 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Sandstorm Gold by 42.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,149,232 shares of the company’s stock worth $17,162,000 after purchasing an additional 935,005 shares in the last quarter. Finally, Sagil Capital LLP purchased a new position in Sandstorm Gold during the 2nd quarter worth $8,041,000. 51.97% of the stock is currently owned by institutional investors.

Sandstorm Gold Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 25th. Shareholders of record on Tuesday, October 15th were given a dividend of $0.015 per share. This represents a $0.06 annualized dividend and a dividend yield of 1.11%. This is a positive change from Sandstorm Gold’s previous quarterly dividend of $0.01. The ex-dividend date of this dividend was Tuesday, October 15th. Sandstorm Gold’s dividend payout ratio is presently 50.00%.

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.