Q2 2024 Earnings Forecast for Sandstorm Gold Ltd. Issued By Stifel Canada (NYSE:SAND)

Sandstorm Gold Ltd. (NYSE:SAND) – Stifel Canada issued their Q2 2024 earnings per share estimates for Sandstorm Gold in a research report issued on Thursday, July 18th. Stifel Canada analyst I. Rico expects that the company will post earnings per share of $0.02 for the quarter. The consensus estimate for Sandstorm Gold’s current full-year earnings is $0.08 per share. Stifel Canada also issued estimates for Sandstorm Gold’s FY2025 earnings at $0.14 EPS and FY2026 earnings at $0.12 EPS.

A number of other equities research analysts have also recently weighed in on SAND. CIBC lifted their price objective on shares of Sandstorm Gold from $9.00 to $9.50 and gave the company a “neutral” rating in a research note on Wednesday, July 10th. Scotiabank lifted their price objective on shares of Sandstorm Gold from $6.25 to $6.50 and gave the company a “sector perform” rating in a research note on Thursday, May 23rd. Finally, HC Wainwright restated a “buy” rating and set a $11.00 price objective on shares of Sandstorm Gold in a research note on Tuesday, July 9th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, Sandstorm Gold has an average rating of “Hold” and an average price target of $9.04.

Sandstorm Gold Stock Performance

SAND stock opened at $5.76 on Monday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 2.26 and a current ratio of 2.26. The stock has a market capitalization of $1.71 billion, a price-to-earnings ratio of 71.95 and a beta of 1.13. Sandstorm Gold has a 1 year low of $3.96 and a 1 year high of $6.07. The stock’s fifty day moving average is $5.62 and its two-hundred day moving average is $5.17.

Sandstorm Gold (NYSE:SAND) last posted its earnings results on Thursday, May 2nd. The company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.02). The company had revenue of $42.81 million during the quarter, compared to the consensus estimate of $42.80 million. Sandstorm Gold had a net margin of 12.24% and a return on equity of 1.52%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of SAND. American Century Companies Inc. grew its holdings in Sandstorm Gold by 1,787.2% during the third quarter. American Century Companies Inc. now owns 1,049,830 shares of the company’s stock worth $4,893,000 after acquiring an additional 994,200 shares during the period. SG Americas Securities LLC increased its stake in Sandstorm Gold by 14.6% in the 4th quarter. SG Americas Securities LLC now owns 92,645 shares of the company’s stock worth $466,000 after purchasing an additional 11,806 shares in the last quarter. Raymond James & Associates increased its stake in Sandstorm Gold by 4.1% in the 4th quarter. Raymond James & Associates now owns 298,203 shares of the company’s stock worth $1,500,000 after purchasing an additional 11,752 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its stake in Sandstorm Gold by 31.9% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 29,301 shares of the company’s stock worth $147,000 after purchasing an additional 7,088 shares in the last quarter. Finally, U S Global Investors Inc. increased its stake in Sandstorm Gold by 8.3% in the 4th quarter. U S Global Investors Inc. now owns 933,690 shares of the company’s stock worth $4,696,000 after purchasing an additional 71,654 shares in the last quarter. 51.97% of the stock is owned by institutional investors and hedge funds.

Sandstorm Gold Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 26th. Investors of record on Tuesday, July 16th will be issued a dividend of $0.0146 per share. This represents a $0.06 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date of this dividend is Tuesday, July 16th. Sandstorm Gold’s payout ratio is currently 75.01%.

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.