FY2024 Earnings Forecast for Sandstorm Gold Ltd. Issued By Cormark (NYSE:SAND)

Sandstorm Gold Ltd. (NYSE:SANDFree Report) – Investment analysts at Cormark lowered their FY2024 EPS estimates for Sandstorm Gold in a research note issued on Tuesday, March 19th. Cormark analyst N. Dion now forecasts that the company will earn $0.08 per share for the year, down from their previous forecast of $0.09. The consensus estimate for Sandstorm Gold’s current full-year earnings is $0.06 per share.

Sandstorm Gold (NYSE:SANDGet Free Report) last announced its quarterly earnings data on Thursday, February 15th. The company reported $0.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.06. Sandstorm Gold had a net margin of 23.22% and a return on equity of 2.89%. The firm had revenue of $44.50 million for the quarter, compared to analysts’ expectations of $46.30 million.

Separately, Raymond James cut their target price on shares of Sandstorm Gold from $8.00 to $7.75 and set an “outperform” rating on the stock in a report on Wednesday, December 13th.

View Our Latest Research Report on Sandstorm Gold

Sandstorm Gold Price Performance

Shares of SAND stock opened at $4.94 on Thursday. Sandstorm Gold has a 52-week low of $3.96 and a 52-week high of $6.31. The stock has a market cap of $1.47 billion, a PE ratio of 35.29 and a beta of 1.08. The company has a debt-to-equity ratio of 0.30, a quick ratio of 3.32 and a current ratio of 3.32. The firm’s 50 day moving average price is $4.55 and its two-hundred day moving average price is $4.74.

Institutional Investors Weigh In On Sandstorm Gold

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Van ECK Associates Corp grew its position in shares of Sandstorm Gold by 2.3% in the 4th quarter. Van ECK Associates Corp now owns 28,838,800 shares of the company’s stock valued at $145,059,000 after acquiring an additional 657,177 shares during the period. Moneta Group Investment Advisors LLC grew its position in shares of Sandstorm Gold by 100,345.3% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 25,063,118 shares of the company’s stock valued at $131,832,000 after acquiring an additional 25,038,166 shares during the period. Capital International Investors grew its position in shares of Sandstorm Gold by 3.1% in the 4th quarter. Capital International Investors now owns 14,452,440 shares of the company’s stock valued at $72,696,000 after acquiring an additional 434,460 shares during the period. Sprott Inc. grew its position in shares of Sandstorm Gold by 6.4% in the 4th quarter. Sprott Inc. now owns 4,048,355 shares of the company’s stock valued at $20,365,000 after acquiring an additional 242,554 shares during the period. Finally, Amundi grew its position in shares of Sandstorm Gold by 34.6% in the 4th quarter. Amundi now owns 3,009,150 shares of the company’s stock valued at $17,122,000 after acquiring an additional 773,370 shares during the period. 53.88% of the stock is currently owned by institutional investors and hedge funds.

Sandstorm Gold Company Profile

(Get Free Report)

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.

Further Reading

Earnings History and Estimates for Sandstorm Gold (NYSE:SAND)

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