FY2025 EPS Estimates for Sandstorm Gold Lowered by Analyst

Sandstorm Gold Ltd (NYSE:SAND) – Cormark cut their FY2025 earnings per share estimates for shares of Sandstorm Gold in a report issued on Tuesday, July 8th. Cormark analyst N. Dion now anticipates that the company will earn $0.20 per share for the year, down from their prior forecast of $0.22. The consensus estimate for Sandstorm Gold’s current full-year earnings is $0.18 per share.

Sandstorm Gold (NYSE:SAND) last announced its earnings results on Tuesday, May 6th. The company reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.01). The business had revenue of $50.10 million during the quarter, compared to the consensus estimate of $71.61 million. Sandstorm Gold had a return on equity of 2.00% and a net margin of 15.80%.

Several other equities research analysts have also recently weighed in on the company. TD Securities cut Sandstorm Gold from a “buy” rating to a “sell” rating and set a $14.00 target price for the company. in a report on Thursday. Raymond James Financial set a $9.75 target price on Sandstorm Gold and gave the company an “outperform” rating in a report on Wednesday, May 7th. Royal Bank Of Canada increased their target price on Sandstorm Gold from $6.50 to $7.00 and gave the company an “outperform” rating in a report on Friday, April 4th. Wall Street Zen upgraded Sandstorm Gold from a “hold” rating to a “buy” rating in a report on Wednesday, May 21st. Finally, HC Wainwright increased their target price on Sandstorm Gold from $11.50 to $11.75 and gave the company a “buy” rating in a report on Thursday, May 8th. One research analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $10.15.

Sandstorm Gold Price Performance

Shares of Sandstorm Gold stock opened at $9.84 on Thursday. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $2.88 billion, a PE ratio of 98.36 and a beta of 0.46. The business’s 50-day moving average price is $9.02 and its 200-day moving average price is $7.45. Sandstorm Gold has a 12 month low of $4.92 and a 12 month high of $10.44.

Sandstorm Gold Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 25th. Shareholders of record on Tuesday, July 15th will be issued a $0.02 dividend. This is a positive change from Sandstorm Gold’s previous quarterly dividend of $0.01. The ex-dividend date is Tuesday, July 15th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.81%. Sandstorm Gold’s dividend payout ratio (DPR) is presently 60.00%.

Institutional Trading of Sandstorm Gold

A number of institutional investors and hedge funds have recently modified their holdings of the business. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Sandstorm Gold by 7.2% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 339,284 shares of the company’s stock worth $2,562,000 after purchasing an additional 22,677 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Sandstorm Gold by 11.3% in the first quarter. Goldman Sachs Group Inc. now owns 1,120,393 shares of the company’s stock worth $8,459,000 after acquiring an additional 113,660 shares during the period. Millennium Management LLC grew its holdings in shares of Sandstorm Gold by 731.7% in the first quarter. Millennium Management LLC now owns 2,032,823 shares of the company’s stock worth $15,348,000 after acquiring an additional 1,788,404 shares during the period. Ancora Advisors LLC grew its holdings in shares of Sandstorm Gold by 49.5% in the first quarter. Ancora Advisors LLC now owns 597,250 shares of the company’s stock worth $4,509,000 after acquiring an additional 197,710 shares during the period. Finally, Cubist Systematic Strategies LLC bought a new stake in shares of Sandstorm Gold in the first quarter worth $4,443,000. Institutional investors own 51.97% 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.