FY2024 EPS Forecast for Sandstorm Gold Lowered by Analyst

Sandstorm Gold Ltd. (TSE:SSL) – Equities research analysts at Scotiabank cut their FY2024 earnings per share estimates for shares of Sandstorm Gold in a research report issued to clients and investors on Wednesday, January 8th. Scotiabank analyst T. Jakusconek now anticipates that the company will post earnings of $0.13 per share for the year, down from their previous forecast of $0.14. The consensus estimate for Sandstorm Gold’s current full-year earnings is $0.23 per share.

Sandstorm Gold (TSE:SSL) last issued its quarterly earnings results on Thursday, November 7th. The company reported C$0.03 earnings per share for the quarter, missing the consensus estimate of C$0.05 by C($0.02). The company had revenue of C$60.98 million for the quarter, compared to analysts’ expectations of C$61.69 million. Sandstorm Gold had a return on equity of 2.15% and a net margin of 17.55%.

Several other research analysts have also recently commented on the stock. CIBC boosted their price target on shares of Sandstorm Gold from C$9.50 to C$10.00 in a report on Friday, November 8th. Stifel Nicolaus upped their target price on shares of Sandstorm Gold from C$10.25 to C$11.00 in a report on Monday, October 21st. Finally, TD Securities raised their price target on Sandstorm Gold from C$10.00 to C$11.00 in a research note on Friday, October 18th.

Sandstorm Gold Stock Up 3.0 %

SSL stock opened at C$8.19 on Monday. The company’s 50 day moving average price is C$8.04 and its 200 day moving average price is C$7.92. The firm has a market capitalization of C$2.44 billion, a price-to-earnings ratio of 58.50, a PEG ratio of 0.90 and a beta of 1.11. Sandstorm Gold has a fifty-two week low of C$5.36 and a fifty-two week high of C$8.98. The company has a debt-to-equity ratio of 26.63, a quick ratio of 1.17 and a current ratio of 1.99.

Sandstorm Gold Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 31st will be paid a $0.02 dividend. The ex-dividend date is Tuesday, January 21st. This represents a $0.08 annualized dividend and a dividend yield of 0.98%. Sandstorm Gold’s dividend payout ratio (DPR) is currently 57.14%.

Insider Activity

In related news, Director David Awram sold 50,000 shares of the stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of C$8.06, for a total transaction of C$403,000.00. Corporate insiders own 1.20% 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.