Research Analysts Issue Forecasts for Sandstorm Gold Ltd.’s Q1 2024 Earnings (TSE:SSL)

Sandstorm Gold Ltd. (TSE:SSLFree Report) – Raymond James issued their Q1 2024 earnings per share (EPS) estimates for Sandstorm Gold in a report released on Tuesday, April 23rd. Raymond James analyst B. Macarthur forecasts that the company will earn $0.01 per share for the quarter. The consensus estimate for Sandstorm Gold’s current full-year earnings is $0.09 per share. Raymond James also issued estimates for Sandstorm Gold’s Q2 2024 earnings at $0.04 EPS, Q3 2024 earnings at $0.03 EPS, Q4 2024 earnings at $0.04 EPS and FY2024 earnings at $0.12 EPS.

Sandstorm Gold (TSE:SSLGet Free Report) last issued its quarterly earnings results on Thursday, February 15th. The company reported C$0.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.03 by C$0.08. The business had revenue of C$60.59 million for the quarter, compared to analyst estimates 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 research reports. CIBC upped their price objective on Sandstorm Gold from C$8.00 to C$9.00 in a report on Monday, April 15th. TD Securities lowered their price target on shares of Sandstorm Gold from C$8.00 to C$7.00 and set a “buy” rating on the stock in a research note on Wednesday, February 14th. Finally, Canaccord Genuity Group increased their price target on shares of Sandstorm Gold from C$10.00 to C$10.50 in a report on Tuesday, April 23rd.

View Our Latest Report on SSL

Sandstorm Gold Stock Performance

TSE SSL opened at C$7.71 on Friday. The stock has a market capitalization of C$2.30 billion, a price-to-earnings ratio of 40.58, a PEG ratio of 0.90 and a beta of 1.03. The business’s 50 day moving average is C$6.73 and its two-hundred day moving average is C$6.53. Sandstorm Gold has a 12-month low of C$5.36 and a 12-month high of C$8.38. The company has a current ratio of 3.32, a quick ratio of 1.17 and a debt-to-equity ratio of 29.92.

Insider Buying and Selling at Sandstorm Gold

In related news, Director Nolan Allan Watson acquired 27,200 shares of the firm’s stock in a transaction that occurred on Monday, April 15th. The shares were acquired at an average price of C$7.33 per share, with a total value of C$199,376.00. Insiders own 1.22% of the company’s stock.

Sandstorm Gold Announces Dividend

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

Sandstorm Gold Company Profile

(Get Free Report)

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.

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Earnings History and Estimates for Sandstorm Gold (TSE:SSL)

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