FY2024 EPS Estimates for Sandstorm Gold Ltd. (TSE:SSL) Cut by HC Wainwright

Sandstorm Gold Ltd. (TSE:SSL) – Equities researchers at HC Wainwright lowered their FY2024 earnings estimates for Sandstorm Gold in a research note issued to investors on Tuesday, May 7th. HC Wainwright analyst H. Ihle now anticipates that the company will earn $0.08 per share for the year, down from their previous forecast of $0.12. The consensus estimate for Sandstorm Gold’s current full-year earnings is $0.12 per share. HC Wainwright also issued estimates for Sandstorm Gold’s FY2025 earnings at $0.10 EPS.

Sandstorm Gold (TSE:SSL) last issued its quarterly earnings results on Thursday, February 15th. The company reported C$0.11 earnings per share (EPS) for the quarter, beating the consensus estimate 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 return on equity of 2.95% and a net margin of 23.22%.

Other equities research analysts also recently issued reports about the stock. CIBC boosted their price target on shares of Sandstorm Gold from C$8.00 to C$9.00 in a research note on Monday, April 15th. Canaccord Genuity Group raised their price target on Sandstorm Gold from C$10.00 to C$10.50 in a research report on Tuesday, April 23rd. TD Securities decreased their price objective on Sandstorm Gold from C$8.00 to C$7.00 and set a “buy” rating for the company in a research note on Wednesday, February 14th. Finally, National Bankshares increased their target price on Sandstorm Gold from C$8.50 to C$8.75 in a research note on Monday.

Sandstorm Gold Stock Performance

Shares of TSE:SSL opened at C$7.71 on Wednesday. The stock has a market capitalization of C$2.30 billion, a P/E ratio of 40.58, a P/E/G ratio of 0.90 and a beta of 1.09. The company has a current ratio of 3.32, a quick ratio of 1.17 and a debt-to-equity ratio of 31.19. Sandstorm Gold has a 1-year low of C$5.36 and a 1-year high of C$8.23. The business has a 50-day moving average price of C$7.06 and a two-hundred day moving average price of C$6.59.

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 given a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a dividend yield of 1.04%. The ex-dividend date was Monday, April 15th. Sandstorm Gold’s dividend payout ratio is currently 42.11%.

Insider Buying and Selling

In other Sandstorm Gold news, Director Nolan Allan Watson acquired 7,800 shares of the business’s stock in a transaction dated Tuesday, March 12th. The shares were acquired at an average price of C$6.39 per share, for a total transaction of C$49,826.40. 1.23% of the stock is currently owned by company 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.