Equities Analysts Issue Forecasts for Sandstorm Gold Ltd.’s Q1 2022 Earnings (NYSE:SAND)

Sandstorm Gold Ltd. (NYSE:SANDGet Rating) – Equities researchers at Cormark issued their Q1 2022 EPS estimates for shares of Sandstorm Gold in a research report issued on Monday, April 25th. Cormark analyst N. Dion anticipates that the company will earn $0.06 per share for the quarter.

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

Other analysts also recently issued research reports about the stock. Canaccord Genuity Group raised shares of Sandstorm Gold from a “hold” rating to a “buy” rating and boosted their target price for the stock from C$8.50 to C$10.50 in a research report on Monday, February 21st. Canaccord Genuity Group upgraded shares of Sandstorm Gold to a “buy” rating and set a $10.50 target price for the company in a research note on Monday, February 21st. Raymond James raised shares of Sandstorm Gold from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $9.00 to $9.50 in a report on Friday, February 18th. TD Securities upped their target price on shares of Sandstorm Gold from C$11.00 to C$11.50 in a report on Tuesday, February 22nd. Finally, Zacks Investment Research lowered shares of Sandstorm Gold from a “hold” rating to a “sell” rating in a report on Wednesday, April 20th. One investment 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. According to data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $11.25.

NYSE:SAND opened at $7.82 on Tuesday. The firm has a 50-day simple moving average of $8.00 and a 200-day simple moving average of $6.84. Sandstorm Gold has a one year low of $5.30 and a one year high of $9.31. The firm has a market cap of $1.50 billion, a P/E ratio of 55.86 and a beta of 1.01.

Institutional investors and hedge funds have recently modified their holdings of the company. Millennium Management LLC grew its stake in shares of Sandstorm Gold by 221.6% during the fourth quarter. Millennium Management LLC now owns 1,835,459 shares of the company’s stock worth $11,380,000 after purchasing an additional 1,264,793 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of Sandstorm Gold by 36.5% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,277,600 shares of the company’s stock valued at $14,145,000 after buying an additional 608,600 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in Sandstorm Gold by 75.9% during the third quarter. Goldman Sachs Group Inc. now owns 1,011,460 shares of the company’s stock worth $5,826,000 after purchasing an additional 436,343 shares in the last quarter. Invesco Ltd. raised its holdings in Sandstorm Gold by 9.6% during the third quarter. Invesco Ltd. now owns 4,619,640 shares of the company’s stock worth $26,610,000 after purchasing an additional 405,584 shares in the last quarter. Finally, BNP Paribas Arbitrage SA raised its holdings in Sandstorm Gold by 4,023.6% during the fourth quarter. BNP Paribas Arbitrage SA now owns 387,038 shares of the company’s stock worth $2,400,000 after purchasing an additional 377,652 shares in the last quarter. 39.79% of the stock is currently owned by institutional investors and hedge funds.

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 29th. Stockholders of record on Tuesday, April 19th will be given a dividend of $0.016 per share. The ex-dividend date of this dividend is Monday, April 18th. This represents a $0.06 annualized dividend and a dividend yield of 0.82%. Sandstorm Gold’s dividend payout ratio is presently 42.86%.

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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