Brokerages Expect Sandstorm Gold Ltd. (NYSE:SAND) Will Post Earnings of $0.06 Per Share

Wall Street brokerages expect Sandstorm Gold Ltd. (NYSE:SAND – Get Rating) to post earnings per share (EPS) of $0.06 for the current fiscal quarter, according to Zacks Investment Research. Zero analysts have made estimates for Sandstorm Gold’s earnings. The lowest EPS estimate is $0.05 and the highest is $0.06. Sandstorm Gold reported earnings per share of $0.03 in the same quarter last year, which would suggest a positive year-over-year growth rate of 100%. The firm is expected to issue its next earnings report on Monday, January 1st.

On average, analysts expect that Sandstorm Gold will report full-year earnings of $0.20 per share for the current financial year, with EPS estimates ranging from $0.17 to $0.23. For the next year, analysts forecast that the company will post earnings of $0.20 per share, with EPS estimates ranging from $0.18 to $0.23. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research firms that cover Sandstorm Gold.

Sandstorm Gold (NYSE:SAND – Get Rating) last announced its quarterly earnings data on Thursday, February 17th. The company reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.01). The firm had revenue of $29.82 million for the quarter. Sandstorm Gold had a net margin of 24.05% and a return on equity of 4.49%.

SAND has been the topic of several research analyst reports. HC Wainwright reissued a “buy” rating and set a $14.75 target price on shares of Sandstorm Gold in a research note on Tuesday. National Bank Financial boosted their target price on Sandstorm Gold from C$10.00 to C$12.50 in a research note on Wednesday, April 20th. TD Securities boosted their target price on Sandstorm Gold from C$11.00 to C$11.50 in a research note on Tuesday, February 22nd. Stifel Nicolaus boosted their target price on Sandstorm Gold from C$13.50 to C$14.00 in a research note on Tuesday, February 22nd. Finally, Canaccord Genuity Group boosted their target price on Sandstorm Gold from C$12.50 to C$13.50 and gave the company a “buy” rating in a research note on Tuesday. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, Sandstorm Gold currently has a consensus rating of “Buy” and a consensus price target of $11.35.

SAND opened at $6.90 on Tuesday. Sandstorm Gold has a 52-week low of $5.30 and a 52-week high of $9.31. The stock has a market capitalization of $1.33 billion, a PE ratio of 49.29 and a beta of 1.01. The stock’s 50 day moving average price is $8.07 and its 200-day moving average price is $6.89.

The business also recently announced a quarterly dividend, which was paid on Friday, April 29th. Shareholders of record on Tuesday, April 19th were issued a $0.016 dividend. This represents a $0.06 annualized dividend and a yield of 0.93%. The ex-dividend date was Monday, April 18th. Sandstorm Gold’s dividend payout ratio (DPR) is 42.86%.

Institutional investors have recently added to or reduced their stakes in the business. Oppenheimer & Close LLC lifted its holdings in shares of Sandstorm Gold by 2.8% during the first quarter. Oppenheimer & Close LLC now owns 216,690 shares of the company’s stock valued at $1,750,000 after purchasing an additional 6,000 shares in the last quarter. Aigen Investment Management LP bought a new position in shares of Sandstorm Gold during the first quarter valued at $83,000. Cove Street Capital LLC lifted its holdings in shares of Sandstorm Gold by 20.0% during the first quarter. Cove Street Capital LLC now owns 856,100 shares of the company’s stock valued at $6,917,000 after purchasing an additional 142,700 shares in the last quarter. SG Americas Securities LLC increased its position in Sandstorm Gold by 64.0% during the first quarter. SG Americas Securities LLC now owns 34,510 shares of the company’s stock valued at $279,000 after acquiring an additional 13,463 shares during the last quarter. Finally, Mad River Investors increased its position in Sandstorm Gold by 11.9% during the first quarter. Mad River Investors now owns 196,900 shares of the company’s stock valued at $1,591,000 after acquiring an additional 21,000 shares during the last quarter. 40.33% of the stock is currently owned by institutional investors and hedge funds.

Sandstorm Gold Company Profile (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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