Cormark Equities Analysts Lift Earnings Estimates for Sandstorm Gold Ltd. (TSE:SSL)

Sandstorm Gold Ltd. (TSE:SSL) – Equities research analysts at Cormark boosted their FY2024 earnings per share estimates for shares of Sandstorm Gold in a report released on Monday, May 6th. Cormark analyst N. Dion now forecasts that the company will earn $0.14 per share for the year, up from their previous estimate of $0.11. The consensus estimate for Sandstorm Gold’s current full-year earnings is $0.12 per share.

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

A number of other research firms have also recently commented on SSL. National Bankshares boosted their price objective on Sandstorm Gold from C$8.50 to C$8.75 in a research report on Monday. TD Securities cut 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 report on Wednesday, February 14th. Canaccord Genuity Group increased their price objective on shares of Sandstorm Gold from C$10.00 to C$10.50 in a report on Tuesday, April 23rd. Finally, CIBC boosted their target price on shares of Sandstorm Gold from C$8.00 to C$9.00 in a research note on Monday, April 15th.

Sandstorm Gold Price Performance

Shares of Sandstorm Gold stock opened at C$7.85 on Thursday. The firm has a market cap of C$2.34 billion, a PE ratio of 41.32, a P/E/G ratio of 0.90 and a beta of 1.09. The business has a 50-day moving average price of C$7.11 and a 200 day moving average price of C$6.60. The company has a quick ratio of 1.17, a current ratio of 3.32 and a debt-to-equity ratio of 31.19. Sandstorm Gold has a twelve month low of C$5.36 and a twelve month high of C$8.09.

Sandstorm Gold Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 26th. Investors of record on Friday, April 26th were paid a $0.02 dividend. This represents a $0.08 annualized dividend and a yield of 1.02%. 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 at Sandstorm Gold

In other Sandstorm Gold news, Director Nolan Allan Watson acquired 27,200 shares of the business’s stock in a transaction on Monday, April 15th. The stock was bought at an average price of C$7.33 per share, for a total transaction of C$199,376.00. 1.23% of the stock is currently owned by insiders.

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.