Research Analysts Offer Predictions for Sandstorm Gold Ltd.’s Q1 2024 Earnings (NYSE:SAND)

Sandstorm Gold Ltd. (NYSE:SAND) – Equities researchers at Raymond James issued their Q1 2024 earnings per share estimates for shares of Sandstorm Gold in a research report issued to clients and investors on Tuesday, April 23rd. Raymond James analyst B. Macarthur anticipates that the company will post earnings of $0.01 per share for the quarter. The consensus estimate for Sandstorm Gold’s current full-year earnings is $0.08 per share. Raymond James also issued estimates for Sandstorm Gold’s Q2 2024 earnings at $0.03 EPS, Q3 2024 earnings at $0.02 EPS, Q4 2024 earnings at $0.03 EPS and FY2024 earnings at $0.09 EPS.

Separately, Scotiabank dropped their target price on Sandstorm Gold from $6.50 to $6.25 and set a “sector perform” rating on the stock in a research report on Thursday, April 18th.

Sandstorm Gold Trading Up 2.2 %

NYSE:SAND opened at $5.49 on Friday. The company has a market cap of $1.64 billion, a P/E ratio of 39.21 and a beta of 1.10. The stock’s fifty day moving average price is $4.92 and its two-hundred day moving average price is $4.80. Sandstorm Gold has a 1 year low of $3.96 and a 1 year high of $6.24. The company has a debt-to-equity ratio of 0.30, a current ratio of 3.32 and a quick ratio of 3.32.

Sandstorm Gold (NYSE:SAND) last announced its quarterly earnings data on Thursday, February 15th. The company reported $0.08 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.06. Sandstorm Gold had a return on equity of 2.89% and a net margin of 23.22%. The business had revenue of $44.50 million during the quarter, compared to analyst estimates of $46.30 million.

Sandstorm Gold Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 26th. Stockholders of record on Tuesday, April 16th will be paid a dividend of $0.0147 per share. The ex-dividend date is Monday, April 15th. This represents a $0.06 dividend on an annualized basis and a dividend yield of 1.07%. Sandstorm Gold’s dividend payout ratio (DPR) is currently 21.43%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of SAND. Principal Securities Inc. bought a new position in shares of Sandstorm Gold during the fourth quarter valued at about $25,000. Creekmur Asset Management LLC bought a new stake in shares of Sandstorm Gold in the fourth quarter worth about $39,000. Sequoia Financial Advisors LLC bought a new stake in shares of Sandstorm Gold in the third quarter worth about $47,000. Van Hulzen Asset Management LLC bought a new stake in shares of Sandstorm Gold in the fourth quarter worth about $50,000. Finally, Anchor Investment Management LLC bought a new stake in shares of Sandstorm Gold in the fourth quarter worth about $53,000. 51.97% of the stock is owned by institutional investors.

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.