National Bank Financial Estimates Sandstorm Gold Q3 Earnings

Sandstorm Gold Ltd. (NYSE:SAND) – Investment analysts at National Bank Financial lifted their Q3 2024 earnings per share (EPS) estimates for shares of Sandstorm Gold in a note issued to investors on Tuesday, October 22nd. National Bank Financial analyst S. Nagle now expects that the company will post earnings of $0.04 per share for the quarter, up from their previous forecast of $0.03. The consensus estimate for Sandstorm Gold’s current full-year earnings is $0.09 per share.

Sandstorm Gold (NYSE:SAND) last posted its earnings results on Thursday, August 1st. The company reported $0.03 EPS for the quarter, beating the consensus estimate of $0.02 by $0.01. The firm had revenue of $41.37 million for the quarter, compared to analyst estimates of $40.50 million. Sandstorm Gold had a return on equity of 2.06% and a net margin of 17.55%. During the same quarter in the prior year, the company posted $0.01 earnings per share.

Other equities analysts have also issued reports about the stock. HC Wainwright increased their price target on shares of Sandstorm Gold from $11.00 to $11.50 and gave the company a “buy” rating in a research note on Monday, August 5th. StockNews.com upgraded shares of Sandstorm Gold from a “hold” rating to a “buy” rating in a research note on Friday, September 27th. CIBC boosted their price target on shares of Sandstorm Gold from $9.00 to $9.50 and gave the company a “neutral” rating in a research report on Wednesday, July 10th. Finally, Royal Bank of Canada dropped their price objective on Sandstorm Gold from $6.50 to $6.00 and set an “outperform” rating on the stock in a report on Tuesday, September 10th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $8.25.

Sandstorm Gold Trading Down 1.4 %

SAND opened at $6.39 on Thursday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.99 and a current ratio of 1.99. Sandstorm Gold has a one year low of $3.96 and a one year high of $6.50. The company has a market cap of $1.90 billion, a P/E ratio of 63.71 and a beta of 1.14. The business’s 50-day simple moving average is $5.85 and its 200-day simple moving average is $5.66.

Sandstorm Gold Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 25th. Shareholders of record on Tuesday, October 15th will be paid a $0.015 dividend. The ex-dividend date of this dividend is Tuesday, October 15th. This is a positive change from Sandstorm Gold’s previous quarterly dividend of $0.01. This represents a $0.06 dividend on an annualized basis and a yield of 0.94%. Sandstorm Gold’s payout ratio is currently 60.01%.

Institutional Investors Weigh In On Sandstorm Gold

Hedge funds have recently made changes to their positions in the business. Perritt Capital Management Inc. acquired a new position in Sandstorm Gold in the 1st quarter valued at about $31,000. Allworth Financial LP acquired a new position in shares of Sandstorm Gold in the third quarter valued at approximately $60,000. Mather Group LLC. purchased a new stake in shares of Sandstorm Gold during the second quarter worth approximately $67,000. Oak Family Advisors LLC acquired a new stake in shares of Sandstorm Gold during the second quarter worth $88,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new position in Sandstorm Gold during the 2nd quarter worth $94,000. Institutional investors and hedge funds 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.