FY2025 EPS Estimates for Sandstorm Gold Cut by Scotiabank

Sandstorm Gold Ltd. (NYSE:SAND) – Analysts at Scotiabank dropped their FY2025 earnings per share (EPS) estimates for Sandstorm Gold in a research note issued to investors on Wednesday, March 19th. Scotiabank analyst T. Jakusconek now expects that the company will post earnings of $0.18 per share for the year, down from their previous forecast of $0.24. Scotiabank currently has a “Sector Perform” rating and a $7.25 target price on the stock. The consensus estimate for Sandstorm Gold’s current full-year earnings is $0.18 per share.

Sandstorm Gold (NYSE:SAND) last posted its earnings results on Tuesday, February 18th. The company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.03). The business had revenue of $47.40 million during the quarter, compared to analyst estimates of $67.49 million. Sandstorm Gold had a return on equity of 0.98% and a net margin of 8.11%. During the same quarter in the prior year, the company earned ($0.04) EPS.

Other research analysts have also issued reports about the stock. StockNews.com raised shares of Sandstorm Gold from a “hold” rating to a “buy” rating in a research report on Wednesday, February 26th. HC Wainwright lowered their target price on Sandstorm Gold from $12.00 to $11.50 and set a “buy” rating on the stock in a research note on Wednesday, February 19th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $8.56.

Sandstorm Gold Stock Up 1.0 %

Shares of NYSE:SAND opened at $6.86 on Monday. The stock has a market cap of $2.03 billion, a price-to-earnings ratio of 137.13 and a beta of 1.06. The business’s 50 day moving average is $6.20 and its 200 day moving average is $5.95. Sandstorm Gold has a 12-month low of $4.92 and a 12-month high of $6.95. The company has a quick ratio of 2.29, a current ratio of 1.95 and a debt-to-equity ratio of 0.24.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Cantor Fitzgerald L. P. purchased a new stake in Sandstorm Gold during the fourth quarter valued at about $56,000. Lifeworks Advisors LLC purchased a new stake in Sandstorm Gold in the fourth quarter worth approximately $57,000. Meixler Investment Management Ltd. bought a new position in Sandstorm Gold during the fourth quarter valued at approximately $66,000. JTC Employer Solutions Trustee Ltd purchased a new position in shares of Sandstorm Gold during the fourth quarter worth approximately $72,000. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Sandstorm Gold by 21.0% in the 4th quarter. Bank of New York Mellon Corp now owns 13,897 shares of the company’s stock worth $78,000 after acquiring an additional 2,416 shares during the last quarter. 51.97% of the stock is currently owned by hedge funds and other institutional investors.

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.