Sandstorm Gold FY2024 EPS Estimate Reduced by Raymond James

Sandstorm Gold Ltd. (NYSE:SAND) – Analysts at Raymond James cut their FY2024 earnings per share estimates for shares of Sandstorm Gold in a note issued to investors on Monday, December 23rd. Raymond James analyst B. Macarthur now anticipates that the company will post earnings per share of $0.07 for the year, down from their prior estimate of $0.08. 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 Q4 2024 earnings at $0.03 EPS, Q3 2025 earnings at $0.04 EPS, Q4 2025 earnings at $0.04 EPS and FY2025 earnings at $0.16 EPS.

SAND has been the topic of a number of other reports. StockNews.com downgraded shares of Sandstorm Gold from a “buy” rating to a “hold” rating in a report on Thursday, November 14th. Royal Bank of Canada lowered their target price on shares of Sandstorm Gold from $6.50 to $6.00 and set an “outperform” rating on the stock in a research note on Tuesday, September 10th. Finally, HC Wainwright lifted their price target on Sandstorm Gold from $11.50 to $12.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $8.50.

Sandstorm Gold Price Performance

Shares of NYSE SAND opened at $5.45 on Wednesday. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.29 and a quick ratio of 2.29. The stock has a market capitalization of $1.62 billion, a price-to-earnings ratio of 45.42 and a beta of 1.11. The firm’s 50 day simple moving average is $5.80 and its 200-day simple moving average is $5.71. Sandstorm Gold has a 12 month low of $3.96 and a 12 month high of $6.50.

Sandstorm Gold (NYSE:SAND) last posted its earnings results on Thursday, November 7th. The company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.03 by ($0.01). Sandstorm Gold had a return on equity of 2.44% and a net margin of 20.46%. The company had revenue of $44.70 million for the quarter, compared to analyst estimates of $44.70 million.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of SAND. Geode Capital Management LLC raised its stake in Sandstorm Gold by 7.5% in the 3rd quarter. Geode Capital Management LLC now owns 125,681 shares of the company’s stock valued at $757,000 after purchasing an additional 8,728 shares during the last quarter. Barclays PLC grew its holdings in shares of Sandstorm Gold by 6.4% during the third quarter. Barclays PLC now owns 399,854 shares of the company’s stock worth $2,400,000 after buying an additional 23,947 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new stake in shares of Sandstorm Gold in the third quarter valued at about $464,000. Stansberry Asset Management LLC lifted its stake in shares of Sandstorm Gold by 17.1% in the third quarter. Stansberry Asset Management LLC now owns 46,569 shares of the company’s stock worth $279,000 after buying an additional 6,817 shares in the last quarter. Finally, Point72 Asset Management L.P. acquired a new position in Sandstorm Gold during the third quarter worth about $153,000. 51.97% of the stock is owned by hedge funds and other institutional investors.

Sandstorm Gold Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Tuesday, January 21st will be issued a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a yield of 1.47%. This is an increase from Sandstorm Gold’s previous quarterly dividend of $0.02. The ex-dividend date is Tuesday, January 21st. Sandstorm Gold’s dividend payout ratio (DPR) is presently 41.67%.

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.