FY2024 Earnings Forecast for Sandstorm Gold Ltd. Issued By HC Wainwright (NYSE:SAND)

Sandstorm Gold Ltd. (NYSE:SAND) – Stock analysts at HC Wainwright cut their FY2024 earnings per share (EPS) estimates for shares of Sandstorm Gold in a report released on Tuesday, May 7th. HC Wainwright analyst H. Ihle now expects that the company will post earnings per share of $0.06 for the year, down from their prior forecast of $0.09. HC Wainwright currently has a “Buy” rating and a $11.00 target price on the stock. The consensus estimate for Sandstorm Gold’s current full-year earnings is $0.09 per share. HC Wainwright also issued estimates for Sandstorm Gold’s FY2025 earnings at $0.07 EPS.

Sandstorm Gold (NYSE:SAND) last released its earnings results on Thursday, February 15th. The company reported $0.08 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.06. Sandstorm Gold had a net margin of 12.24% and a return on equity of 1.52%. The company had revenue of $44.50 million for the quarter, compared to the consensus estimate of $46.30 million.

Separately, Scotiabank cut their price objective on shares of Sandstorm Gold from $6.50 to $6.25 and set a “sector perform” rating on the stock in a research note on Thursday, April 18th.

Sandstorm Gold Trading Down 0.3 %

Shares of NYSE:SAND opened at $5.61 on Wednesday. Sandstorm Gold has a 52-week low of $3.96 and a 52-week high of $6.16. The company has a quick ratio of 2.26, a current ratio of 2.26 and a debt-to-equity ratio of 0.29. The stock has a market cap of $1.67 billion, a price-to-earnings ratio of 70.01 and a beta of 1.08. The business has a 50-day moving average price of $5.15 and a 200-day moving average price of $4.85.

Institutional Trading of Sandstorm Gold

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SAND. Principal Securities Inc. acquired a new stake in shares of Sandstorm Gold in the fourth quarter valued at about $25,000. Creekmur Asset Management LLC purchased a new stake in Sandstorm Gold during the 4th quarter worth approximately $39,000. Sequoia Financial Advisors LLC acquired a new position in shares of Sandstorm Gold during the third quarter valued at approximately $47,000. Van Hulzen Asset Management LLC purchased a new position in shares of Sandstorm Gold in the fourth quarter valued at approximately $50,000. Finally, Anchor Investment Management LLC acquired a new stake in shares of Sandstorm Gold in the fourth quarter worth approximately $53,000. Institutional investors and hedge funds own 51.97% of the company’s stock.

Sandstorm Gold Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 26th. Stockholders of record on Tuesday, April 16th were paid a dividend of $0.0147 per share. The ex-dividend date was Monday, April 15th. This represents a $0.06 dividend on an annualized basis and a dividend yield of 1.05%. Sandstorm Gold’s payout ratio is 37.50%.

Sandstorm Gold Company Profile

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.