Stifel Canada Raises Earnings Estimates for Sandstorm Gold

Sandstorm Gold Ltd. (TSE:SSL) – Stock analysts at Stifel Canada upped their FY2024 earnings per share estimates for shares of Sandstorm Gold in a research note issued on Monday, October 21st. Stifel Canada analyst I. Rico now forecasts that the company will post earnings of $0.15 per share for the year, up from their previous estimate of $0.12. The consensus estimate for Sandstorm Gold’s current full-year earnings is $0.23 per share. Stifel Canada also issued estimates for Sandstorm Gold’s FY2026 earnings at $0.28 EPS.

A number of other equities research analysts have also recently issued reports on SSL. CIBC upped their price objective on shares of Sandstorm Gold from C$9.00 to C$9.50 in a report on Wednesday, July 10th. Canaccord Genuity Group increased their price objective on Sandstorm Gold from C$10.50 to C$11.00 in a report on Tuesday, July 23rd. TD Securities upped their target price on Sandstorm Gold from C$10.00 to C$11.00 in a research report on Friday, October 18th. Finally, Stifel Nicolaus lifted their price target on shares of Sandstorm Gold from C$10.25 to C$11.00 in a research report on Monday.

Sandstorm Gold Trading Down 1.2 %

TSE:SSL opened at C$8.85 on Thursday. The company has a debt-to-equity ratio of 26.63, a current ratio of 1.99 and a quick ratio of 1.17. Sandstorm Gold has a fifty-two week low of C$5.36 and a fifty-two week high of C$8.98. The stock’s 50-day moving average is C$7.96 and its two-hundred day moving average is C$7.74. The stock has a market cap of C$2.63 billion, a PE ratio of 63.21, a price-to-earnings-growth ratio of 0.90 and a beta of 1.11.

Sandstorm Gold (TSE:SSL) last posted its quarterly earnings data on Thursday, August 1st. The company reported C$0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.03 by C$0.01. The firm had revenue of C$56.61 million for the quarter, compared to the consensus estimate of C$55.48 million. Sandstorm Gold had a return on equity of 2.15% and a net margin of 17.55%.

Sandstorm Gold Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 25th. Investors of record on Friday, October 25th will be paid a dividend of $0.02 per share. The ex-dividend date of this dividend is Tuesday, October 15th. This represents a $0.08 annualized dividend and a yield of 0.90%. Sandstorm Gold’s payout ratio is 57.14%.

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.