Sandstorm Gold Ltd. (NYSE:SAND) to Post Q1 2022 Earnings of $0.05 Per Share, Raymond James Forecasts

Sandstorm Gold Ltd. (NYSE:SANDGet Rating) – Raymond James increased their Q1 2022 earnings per share estimates for Sandstorm Gold in a research note issued on Tuesday, April 19th. Raymond James analyst B. Macarthur now expects that the company will post earnings per share of $0.05 for the quarter, up from their prior forecast of $0.04. Raymond James has a “Outperform” rating and a $9.50 price target on the stock. Raymond James also issued estimates for Sandstorm Gold’s Q2 2022 earnings at $0.04 EPS, Q3 2022 earnings at $0.05 EPS and FY2022 earnings at $0.18 EPS.

Other research analysts have also issued research reports about the stock. Canaccord Genuity Group raised shares of Sandstorm Gold from a “hold” rating to a “buy” rating and upped their price objective for the company from C$8.50 to C$10.50 in a research report on Monday, February 21st. Canaccord Genuity Group raised shares of Sandstorm Gold to a “buy” rating and set a $10.50 target price on the stock in a research note on Monday, February 21st. Stifel Nicolaus upped their target price on shares of Sandstorm Gold from C$13.50 to C$14.00 in a research note on Tuesday, February 22nd. TD Securities upped their target price on shares of Sandstorm Gold from C$11.00 to C$11.50 in a research note on Tuesday, February 22nd. Finally, National Bank Financial upped their target price on shares of Sandstorm Gold from C$10.00 to C$12.50 in a research note on Wednesday. One research analyst has rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, Sandstorm Gold has a consensus rating of “Buy” and an average target price of $11.25.

Sandstorm Gold stock opened at $8.25 on Friday. The firm has a market cap of $1.59 billion, a price-to-earnings ratio of 58.93 and a beta of 1.01. Sandstorm Gold has a fifty-two week low of $5.30 and a fifty-two week high of $9.31. The firm has a fifty day moving average price of $7.94 and a two-hundred day moving average price of $6.80.

Sandstorm Gold (NYSE:SANDGet Rating) last released its earnings results on Thursday, February 17th. The company reported $0.04 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.05 by ($0.01). The firm had revenue of $29.82 million for the quarter. Sandstorm Gold had a return on equity of 4.49% and a net margin of 24.05%.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 29th. Investors of record on Tuesday, April 19th will be issued a dividend of $0.016 per share. The ex-dividend date is Monday, April 18th. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.78%. Sandstorm Gold’s payout ratio is 42.86%.

Several large investors have recently modified their holdings of the stock. Aire Advisors LLC bought a new position in Sandstorm Gold in the fourth quarter valued at $68,000. Northwestern Mutual Wealth Management Co. grew its position in Sandstorm Gold by 14.5% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 13,622 shares of the company’s stock valued at $84,000 after purchasing an additional 1,722 shares in the last quarter. National Bank of Canada FI bought a new position in Sandstorm Gold in the fourth quarter valued at $85,000. Virtu Financial LLC bought a new position in Sandstorm Gold in the fourth quarter valued at $87,000. Finally, Creative Financial Designs Inc. ADV grew its position in Sandstorm Gold by 269.5% in the first quarter. Creative Financial Designs Inc. ADV now owns 14,412 shares of the company’s stock valued at $116,000 after purchasing an additional 10,512 shares in the last quarter. Institutional investors and hedge funds own 39.79% of the company’s stock.

About Sandstorm Gold (Get Rating)

Sandstorm Gold Ltd. operates as a gold royalty company. It focuses on acquiring gold and other metal purchase agreements and royalties from companies that have advanced stage development projects or operating mines. The company offers upfront payments for companies to acquire a gold stream or royalty and receives the right to purchase a percentage of a mine's production for the life of the mine at a fixed price per unit or at a fixed percentage of the spot price.

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Earnings History and Estimates for Sandstorm Gold (NYSE:SAND)

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