FY2025 EPS Estimates for Sandstorm Gold Reduced by Analyst

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.

Several other equities analysts have also recently weighed in on the company. StockNews.com upgraded Sandstorm Gold from a “hold” rating to a “buy” rating in a research report on Wednesday, February 26th. HC Wainwright reduced their target price on Sandstorm Gold from $12.00 to $11.50 and set a “buy” rating for the company in a report on Wednesday, February 19th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $8.56.

Sandstorm Gold Stock Performance

Shares of SAND stock opened at $7.38 on Monday. The firm’s 50 day moving average is $6.23 and its 200 day moving average is $5.97. The stock has a market capitalization of $2.19 billion, a P/E ratio of 147.63 and a beta of 1.06. Sandstorm Gold has a 12 month low of $4.92 and a 12 month high of $7.44. The company has a current ratio of 1.95, a quick ratio of 2.29 and a debt-to-equity ratio of 0.24.

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

Hedge Funds Weigh In On Sandstorm Gold

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SAND. Cantor Fitzgerald L. P. purchased a new position in shares of Sandstorm Gold during the fourth quarter worth about $56,000. Lifeworks Advisors LLC purchased a new position in Sandstorm Gold in the 4th quarter worth approximately $57,000. Meixler Investment Management Ltd. bought a new position in shares of Sandstorm Gold in the 4th quarter worth $66,000. JTC Employer Solutions Trustee Ltd purchased a new stake in shares of Sandstorm Gold during the 4th quarter valued at $72,000. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Sandstorm Gold by 21.0% during 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.