Sandstorm Gold Ltd. (NYSE:SAND – Free Report) – Analysts at National Bank Financial lowered their FY2024 earnings per share (EPS) estimates for shares of Sandstorm Gold in a research report issued to clients and investors on Monday, February 5th. National Bank Financial analyst S. Nagle now expects that the company will post earnings per share of $0.05 for the year, down from their previous forecast of $0.09. The consensus estimate for Sandstorm Gold’s current full-year earnings is $0.10 per share.
Other research analysts also recently issued reports about the company. HC Wainwright dropped their price objective on Sandstorm Gold from $13.00 to $10.75 and set a “buy” rating on the stock in a research note on Tuesday, November 7th. Raymond James decreased their target price on Sandstorm Gold from $8.00 to $7.75 and set an “outperform” rating for the company in a research report on Wednesday, December 13th. Finally, StockNews.com raised Sandstorm Gold from a “sell” rating to a “hold” rating in a research report on Friday, November 10th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $9.46.
Sandstorm Gold Stock Down 1.0 %
Shares of SAND opened at $4.41 on Wednesday. The company has a market capitalization of $1.31 billion, a PE ratio of 88.10 and a beta of 1.11. Sandstorm Gold has a 12 month low of $4.27 and a 12 month high of $6.31. The stock’s 50-day moving average price is $4.82 and its two-hundred day moving average price is $4.92. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.32.
Institutional Trading of Sandstorm Gold
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SAND. JPMorgan Chase & Co. grew its holdings in shares of Sandstorm Gold by 0.9% in the first quarter. JPMorgan Chase & Co. now owns 624,378 shares of the company’s stock valued at $5,045,000 after acquiring an additional 5,545 shares in the last quarter. Bank of New York Mellon Corp purchased a new position in Sandstorm Gold in the first quarter valued at approximately $109,000. HighTower Advisors LLC lifted its stake in Sandstorm Gold by 86.9% in the first quarter. HighTower Advisors LLC now owns 76,112 shares of the company’s stock valued at $610,000 after purchasing an additional 35,396 shares during the last quarter. Acadian Asset Management LLC purchased a new position in Sandstorm Gold in the first quarter valued at approximately $25,000. Finally, Dimensional Fund Advisors LP lifted its stake in Sandstorm Gold by 8.3% in the first quarter. Dimensional Fund Advisors LP now owns 479,714 shares of the company’s stock valued at $3,876,000 after purchasing an additional 36,875 shares during the last quarter. 53.88% of the stock is owned by institutional investors.
Sandstorm Gold Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, January 26th. Shareholders of record on Tuesday, January 16th were issued a dividend of $0.0149 per share. This is a positive change from Sandstorm Gold’s previous quarterly dividend of $0.01. This represents a $0.06 dividend on an annualized basis and a yield of 1.35%. The ex-dividend date was Friday, January 12th. Sandstorm Gold’s payout ratio is currently 120.00%.
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 (streams) from companies that have advanced stage development projects or operating mines. It offers upfront payments for companies to acquire a stream or royalty and receives the right to purchase a percentage of a mine's production for the life of the mine at a fixed price per unit or at a fixed percentage of the spot price.
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