FY2024 EPS Estimates for Sandstorm Gold Ltd. (NYSE:SAND) Cut by Analyst

Sandstorm Gold Ltd. (NYSE:SAND) – Research analysts at HC Wainwright decreased their FY2024 earnings per share estimates for shares of Sandstorm Gold in a research report issued on Tuesday, May 7th. HC Wainwright analyst H. Ihle now expects that the company will earn $0.06 per share for the year, down from their previous estimate of $0.09. HC Wainwright has a “Buy” rating and a $11.00 price objective on the stock. The consensus estimate for Sandstorm Gold’s current full-year earnings is $0.09 per share. HC Wainwright also issued estimates for Sandstorm Gold’s FY2025 earnings at $0.07 EPS.

Sandstorm Gold (NYSE:SAND) last posted its quarterly earnings data on Thursday, February 15th. The company reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.06. Sandstorm Gold had a return on equity of 1.52% and a net margin of 12.24%. The firm had revenue of $44.50 million for the quarter, compared to the consensus estimate of $46.30 million.

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

Sandstorm Gold Stock Performance

Shares of Sandstorm Gold stock opened at $5.61 on Wednesday. The firm has a fifty day moving average of $5.15 and a two-hundred day moving average of $4.85. The stock has a market capitalization of $1.67 billion, a price-to-earnings ratio of 70.01 and a beta of 1.08. Sandstorm Gold has a 52 week low of $3.96 and a 52 week high of $6.16. The company has a debt-to-equity ratio of 0.29, a quick ratio of 2.26 and a current ratio of 2.26.

Institutional Trading of Sandstorm Gold

A number of large investors have recently made changes to their positions in SAND. Van ECK Associates Corp increased its holdings in Sandstorm Gold by 5.9% during the 1st quarter. Van ECK Associates Corp now owns 30,542,674 shares of the company’s stock worth $160,349,000 after purchasing an additional 1,703,874 shares in the last quarter. Capital International Investors increased its holdings in Sandstorm Gold by 3.1% during the 4th quarter. Capital International Investors now owns 14,452,440 shares of the company’s stock worth $72,696,000 after purchasing an additional 434,460 shares in the last quarter. Sprott Inc. increased its holdings in Sandstorm Gold by 6.4% during the 4th quarter. Sprott Inc. now owns 4,048,355 shares of the company’s stock worth $20,365,000 after purchasing an additional 242,554 shares in the last quarter. Helikon Investments Ltd bought a new position in Sandstorm Gold during the 1st quarter worth about $6,771,000. Finally, Bar Harbor Wealth Management increased its holdings in Sandstorm Gold by 1.7% during the 3rd quarter. Bar Harbor Wealth Management now owns 1,177,067 shares of the company’s stock worth $5,485,000 after purchasing an additional 19,439 shares in the last quarter. Institutional investors own 51.97% of the company’s stock.

Sandstorm Gold Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 26th. Investors of record on Tuesday, April 16th were given a $0.0147 dividend. This represents a $0.06 dividend on an annualized basis and a dividend yield of 1.05%. The ex-dividend date of this dividend was Monday, April 15th. Sandstorm Gold’s dividend payout ratio is currently 37.50%.

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.