Sandstorm Gold Ltd. (TSE:SSL) to Post Q1 2024 Earnings of $0.01 Per Share, Raymond James Forecasts

Sandstorm Gold Ltd. (TSE:SSL) – Equities researchers at Raymond James issued their Q1 2024 earnings per share estimates for shares of Sandstorm Gold in a research note issued to investors on Tuesday, April 23rd. Raymond James analyst B. Macarthur forecasts that the company will post earnings per share of $0.01 for the quarter. The consensus estimate for Sandstorm Gold’s current full-year earnings is $0.09 per share. Raymond James also issued estimates for Sandstorm Gold’s Q2 2024 earnings at $0.04 EPS, Q3 2024 earnings at $0.03 EPS, Q4 2024 earnings at $0.04 EPS and FY2024 earnings at $0.12 EPS.

SSL has been the subject of a number of other reports. CIBC increased their price target on Sandstorm Gold from C$8.00 to C$9.00 in a research note on Monday, April 15th. Canaccord Genuity Group increased their price target on Sandstorm Gold from C$10.00 to C$10.50 in a research note on Tuesday. Finally, TD Securities dropped their price target on Sandstorm Gold from C$8.00 to C$7.00 and set a “buy” rating for the company in a research note on Wednesday, February 14th.

Sandstorm Gold Trading Up 2.9 %

Shares of SSL stock opened at C$7.71 on Friday. The stock’s fifty day moving average price is C$6.69 and its two-hundred day moving average price is C$6.51. The company has a market cap of C$2.30 billion, a PE ratio of 40.58, a P/E/G ratio of 0.90 and a beta of 1.03. Sandstorm Gold has a fifty-two week low of C$5.36 and a fifty-two week high of C$8.38. The company has a debt-to-equity ratio of 29.92, a quick ratio of 1.17 and a current ratio of 3.32.

Sandstorm Gold (TSE:SSL) last issued its earnings results on Thursday, February 15th. The company reported C$0.11 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.03 by C$0.08. The firm had revenue of C$60.59 million for the quarter, compared to the consensus estimate of C$62.51 million. Sandstorm Gold had a return on equity of 2.95% and a net margin of 23.22%.

Sandstorm Gold Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 26th. Investors of record on Friday, April 26th were given a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a yield of 1.04%. The ex-dividend date of this dividend was Monday, April 15th. Sandstorm Gold’s dividend payout ratio is currently 42.11%.

Insider Buying and Selling

In related news, Director Nolan Allan Watson bought 7,800 shares of the stock in a transaction that occurred on Tuesday, March 12th. The stock was acquired at an average cost of C$6.39 per share, with a total value of C$49,826.40. 1.22% of the stock is owned by corporate insiders.

Sandstorm Gold Company Profile

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.