FY2024 EPS Estimates for Sandstorm Gold Increased by Analyst

Sandstorm Gold Ltd. (TSE:SSL) – Equities research analysts at National Bank Financial raised their FY2024 earnings per share (EPS) estimates for Sandstorm Gold in a research note issued to investors on Monday, February 10th. National Bank Financial analyst S. Nagle now anticipates that the company will post earnings of $0.14 per share for the year, up from their prior forecast of $0.13. 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 Q4 2024 earnings at $0.09 EPS.

Other equities research analysts have also issued reports about the company. TD Securities raised their price objective on Sandstorm Gold from C$10.00 to C$11.00 in a research note on Friday, October 18th. Stifel Nicolaus increased their price target on Sandstorm Gold from C$10.25 to C$11.00 in a research report on Monday, October 21st. Finally, CIBC lifted their price target on Sandstorm Gold from C$9.50 to C$10.00 in a research note on Friday, November 8th.

Sandstorm Gold Trading Down 0.4 %

Shares of TSE:SSL opened at C$9.22 on Wednesday. The stock has a market capitalization of C$2.74 billion, a price-to-earnings ratio of 65.86, a PEG ratio of 0.90 and a beta of 1.11. Sandstorm Gold has a 1-year low of C$5.36 and a 1-year high of C$9.33. The company has a 50 day moving average price of C$8.21 and a 200 day moving average price of C$8.04. 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 Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Friday, January 31st were paid a $0.02 dividend. This represents a $0.08 annualized dividend and a yield of 0.87%. The ex-dividend date was Tuesday, January 21st. Sandstorm Gold’s dividend payout ratio is currently 57.14%.

Insiders Place Their Bets

In other news, Director David Awram sold 50,000 shares of the business’s stock in a transaction on 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.