Brokers Set Expectations for Sandstorm Gold Ltd.’s Q1 2024 Earnings (NYSE:SAND)

Sandstorm Gold Ltd. (NYSE:SAND) – Research analysts at Cormark issued their Q1 2024 earnings estimates for shares of Sandstorm Gold in a research report issued on Monday, April 22nd. Cormark analyst N. Dion anticipates that the company will earn $0.02 per share for the quarter. The consensus estimate for Sandstorm Gold’s current full-year earnings is $0.08 per share.

Sandstorm Gold (NYSE:SAND) last announced its earnings results on Thursday, February 15th. The company reported $0.08 EPS for the quarter, topping the consensus estimate of $0.02 by $0.06. Sandstorm Gold had a net margin of 23.22% and a return on equity of 2.89%. The company had revenue of $44.50 million for the quarter, compared to analysts’ expectations of $46.30 million.

Separately, Scotiabank lowered their target price on shares of Sandstorm Gold from $6.50 to $6.25 and set a “sector perform” rating on the stock in a report on Thursday, April 18th.

Sandstorm Gold Stock Up 0.3 %

Shares of SAND opened at $5.38 on Wednesday. Sandstorm Gold has a 12 month low of $3.96 and a 12 month high of $6.24. The firm’s 50 day moving average is $4.89 and its 200-day moving average is $4.80. The stock has a market capitalization of $1.60 billion, a PE ratio of 38.39 and a beta of 1.10. The company has a current ratio of 3.32, a quick ratio of 3.32 and a debt-to-equity ratio of 0.30.

Institutional Trading of Sandstorm Gold

Several large investors have recently made changes to their positions in the company. American Century Companies Inc. boosted its position in Sandstorm Gold by 1,787.2% in the third quarter. American Century Companies Inc. now owns 1,049,830 shares of the company’s stock valued at $4,893,000 after buying an additional 994,200 shares in the last quarter. Moneta Group Investment Advisors LLC boosted its position in Sandstorm Gold by 74.0% in the third quarter. Moneta Group Investment Advisors LLC now owns 38,399 shares of the company’s stock valued at $179,000 after buying an additional 16,336 shares in the last quarter. Raymond James & Associates boosted its position in Sandstorm Gold by 4.1% in the fourth quarter. Raymond James & Associates now owns 298,203 shares of the company’s stock valued at $1,500,000 after buying an additional 11,752 shares in the last quarter. Trexquant Investment LP boosted its position in Sandstorm Gold by 134.0% in the third quarter. Trexquant Investment LP now owns 83,956 shares of the company’s stock valued at $391,000 after buying an additional 48,081 shares in the last quarter. Finally, Bar Harbor Wealth Management boosted its position in Sandstorm Gold by 1.7% in the third quarter. Bar Harbor Wealth Management now owns 1,177,067 shares of the company’s stock valued at $5,485,000 after buying an additional 19,439 shares in the last quarter. Institutional investors and hedge funds own 51.97% of the company’s stock.

Sandstorm Gold Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 26th. Investors of record on Tuesday, April 16th will be given a dividend of $0.0147 per share. The ex-dividend date is Monday, April 15th. This represents a $0.06 annualized dividend and a dividend yield of 1.09%. Sandstorm Gold’s dividend payout ratio is 21.43%.

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.