HC Wainwright Equities Analysts Cut Earnings Estimates for Sandstorm Gold Ltd. (TSE:SSL)

Sandstorm Gold Ltd. (TSE:SSL) – Investment analysts at HC Wainwright dropped their FY2024 earnings per share (EPS) estimates for shares of Sandstorm Gold in a research note issued to investors on Tuesday, May 7th. HC Wainwright analyst H. Ihle now expects that the company will post earnings per share of $0.08 for the year, down from their prior estimate of $0.12. The consensus estimate for Sandstorm Gold’s current full-year earnings is $0.12 per share. HC Wainwright also issued estimates for Sandstorm Gold’s FY2025 earnings at $0.10 EPS.

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

SSL has been the topic of a number of other reports. CIBC boosted their price target on shares of Sandstorm Gold from C$8.00 to C$9.00 in a research note on Monday, April 15th. National Bankshares increased their target price on shares of Sandstorm Gold from C$8.50 to C$8.75 in a report on Monday. TD Securities dropped their price target on shares of 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. Finally, Canaccord Genuity Group upped their price objective on Sandstorm Gold from C$10.00 to C$10.50 in a research report on Tuesday, April 23rd.

Sandstorm Gold Price Performance

SSL stock opened at C$7.71 on Wednesday. The business’s fifty day moving average price is C$7.06 and its 200 day moving average price is C$6.59. Sandstorm Gold has a 12-month low of C$5.36 and a 12-month high of C$8.23. The company has a market capitalization of C$2.30 billion, a PE ratio of 40.58, a P/E/G ratio of 0.90 and a beta of 1.09. The company has a current ratio of 3.32, a quick ratio of 1.17 and a debt-to-equity ratio of 31.19.

Sandstorm Gold Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 26th. Shareholders of record on Friday, April 26th were given a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a dividend yield of 1.04%. The ex-dividend date of this dividend was Monday, April 15th. Sandstorm Gold’s dividend payout ratio is presently 42.11%.

Insider Activity

In other news, Director Nolan Allan Watson acquired 7,800 shares of the firm’s stock in a transaction dated 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. Company insiders own 1.23% of the company’s stock.

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.