Q4 2022 EPS Estimates for Sandstorm Gold Ltd. Raised by Raymond James (TSE:SSL)

Sandstorm Gold Ltd. (TSE:SSLGet Rating) – Raymond James upped their Q4 2022 earnings estimates for Sandstorm Gold in a research report issued on Tuesday, July 19th. Raymond James analyst B. Macarthur now forecasts that the company will post earnings of $0.04 per share for the quarter, up from their prior forecast of $0.03. The consensus estimate for Sandstorm Gold’s current full-year earnings is $0.22 per share. Raymond James also issued estimates for Sandstorm Gold’s FY2023 earnings at $0.13 EPS.

Sandstorm Gold (TSE:SSLGet Rating) last issued its quarterly earnings data on Wednesday, May 11th. The company reported C$0.06 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.08 by C($0.02). The firm had revenue of C$44.80 million for the quarter.

Other equities research analysts have also issued research reports about the stock. Canaccord Genuity Group boosted their price target on shares of Sandstorm Gold from C$11.50 to C$12.50 in a report on Friday, April 22nd. Cormark reissued a “buy” rating and issued a C$12.50 price target (up previously from C$11.50) on shares of Sandstorm Gold in a report on Tuesday, May 3rd. National Bankshares boosted their price target on shares of Sandstorm Gold from C$10.00 to C$12.50 in a report on Wednesday, April 20th. Finally, HC Wainwright reaffirmed a “buy” rating and issued a C$14.75 target price on shares of Sandstorm Gold in a report on Wednesday, June 1st. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$11.07.

Sandstorm Gold Trading Up 2.1 %

Shares of SSL stock opened at C$7.16 on Thursday. Sandstorm Gold has a 1 year low of C$6.86 and a 1 year high of C$11.61. The firm’s fifty day simple moving average is C$8.01 and its 200 day simple moving average is C$8.75. The firm has a market capitalization of C$1.47 billion and a P/E ratio of 34.10. The company has a current ratio of 7.08, a quick ratio of 6.31 and a debt-to-equity ratio of 0.41.

Insider Buying and Selling

In other Sandstorm Gold news, Director Nolan Allan Watson bought 12,500 shares of the stock in a transaction that occurred on Monday, May 16th. The stock was acquired at an average cost of C$7.99 per share, with a total value of C$99,875.00. Following the purchase, the director now owns 871,290 shares in the company, valued at C$6,961,607.10.

Sandstorm Gold Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 29th. Investors of record on Tuesday, July 19th will be paid a dividend of $0.02 per share. The ex-dividend date of this dividend is Monday, July 18th. This represents a $0.08 dividend on an annualized basis and a yield of 1.12%. Sandstorm Gold’s payout ratio is 38.10%.

Sandstorm Gold Company Profile

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Sandstorm Gold Ltd. operates as a gold royalty company. The company focuses on acquiring royalties and gold and other metals purchase agreements (streams) from companies that have advanced stage development projects or operating mines. It offers upfront payments for companies to acquire a 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 (TSE:SSL)

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