FY2024 EPS Estimates for Sandstorm Gold Raised by Analyst

Sandstorm Gold Ltd. (TSE:SSL) – Investment analysts at National Bank Financial raised their FY2024 earnings per share estimates for shares of Sandstorm Gold in a research report issued to clients and investors on Tuesday, October 22nd. National Bank Financial analyst S. Nagle now forecasts that the company will post earnings per share of $0.12 for the year, up from their prior forecast of $0.10. The consensus estimate for Sandstorm Gold’s current full-year earnings is $0.23 per share. National Bank Financial also issued estimates for Sandstorm Gold’s FY2025 earnings at $0.35 EPS.

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

Sandstorm Gold Stock Down 1.5 %

SSL opened at C$8.72 on Friday. Sandstorm Gold has a 52 week low of C$5.36 and a 52 week high of C$8.98. The business has a 50 day moving average price of C$7.99 and a two-hundred day moving average price of C$7.75. The company has a quick ratio of 1.17, a current ratio of 1.99 and a debt-to-equity ratio of 26.63. The company has a market cap of C$2.59 billion, a PE ratio of 62.29, a P/E/G 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 EPS for the quarter, beating analysts’ consensus estimates of C$0.03 by C$0.01. Sandstorm Gold had a net margin of 17.55% and a return on equity of 2.15%. The company had revenue of C$56.61 million for the quarter, compared to analyst estimates of C$55.48 million.

Sandstorm Gold Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 25th. Investors of record on Friday, October 25th will be issued a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a yield of 0.92%. The ex-dividend date is Tuesday, October 15th. Sandstorm Gold’s dividend payout ratio is presently 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.