FY2024 EPS Estimate for Sandstorm Gold Raised by Analyst

Sandstorm Gold Ltd. (NYSE:SAND) – Equities researchers at National Bank Financial upped their FY2024 earnings estimates for shares of Sandstorm Gold in a research report issued to clients and investors on Monday, February 10th. National Bank Financial analyst S. Nagle now forecasts that the company will post earnings per share of $0.10 for the year, up from their prior forecast of $0.09. The consensus estimate for Sandstorm Gold’s current full-year earnings is $0.09 per share. National Bank Financial also issued estimates for Sandstorm Gold’s Q4 2024 earnings at $0.06 EPS.

A number of other brokerages have also issued reports on SAND. HC Wainwright raised their price objective on shares of Sandstorm Gold from $11.50 to $12.00 and gave the company a “buy” rating in a report on Monday, November 11th. StockNews.com lowered shares of Sandstorm Gold from a “buy” rating to a “hold” rating in a report on Thursday. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, Sandstorm Gold presently has an average rating of “Hold” and a consensus price target of $8.50.

Sandstorm Gold Stock Up 1.0 %

Shares of NYSE SAND opened at $6.66 on Wednesday. The company has a 50 day simple moving average of $5.76 and a 200 day simple moving average of $5.78. The firm has a market cap of $1.97 billion, a PE ratio of 55.46 and a beta of 1.10. Sandstorm Gold has a 1 year low of $3.96 and a 1 year high of $6.67. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.29 and a quick ratio of 2.29.

Sandstorm Gold Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Tuesday, January 21st were issued a dividend of $0.02 per share. This is a positive change from Sandstorm Gold’s previous quarterly dividend of $0.02. The ex-dividend date was Tuesday, January 21st. This represents a $0.08 annualized dividend and a yield of 1.20%. Sandstorm Gold’s dividend payout ratio (DPR) is presently 50.00%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in SAND. Barclays PLC grew its position in shares of Sandstorm Gold by 6.4% during the 3rd quarter. Barclays PLC now owns 399,854 shares of the company’s stock worth $2,400,000 after buying an additional 23,947 shares during the period. FMR LLC acquired a new stake in Sandstorm Gold in the 3rd quarter valued at $600,000. Intact Investment Management Inc. grew its position in Sandstorm Gold by 195.0% in the 3rd quarter. Intact Investment Management Inc. now owns 130,100 shares of the company’s stock valued at $781,000 after purchasing an additional 86,000 shares during the period. Geode Capital Management LLC grew its position 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 period. Finally, Dynamic Technology Lab Private Ltd grew its position in Sandstorm Gold by 219.0% in the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 47,727 shares of the company’s stock valued at $286,000 after purchasing an additional 32,766 shares during the period. Institutional investors own 51.97% of the company’s stock.

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.