Sandstorm Gold Ltd. to Post Q1 2024 Earnings of $0.02 Per Share, Cormark Forecasts (NYSE:SAND)

Sandstorm Gold Ltd. (NYSE:SAND) – Analysts at Cormark issued their Q1 2024 earnings per share estimates for Sandstorm Gold in a report released on Monday, April 22nd. Cormark analyst N. Dion expects that the company will earn $0.02 per share for the quarter. The consensus estimate for Sandstorm Gold’s current full-year earnings is $0.08 per share.

Separately, Scotiabank decreased their price target on Sandstorm Gold from $6.50 to $6.25 and set a “sector perform” rating for the company in a report on Thursday, April 18th.

Sandstorm Gold Stock Performance

NYSE SAND opened at $5.37 on Wednesday. The company has a market capitalization of $1.60 billion, a price-to-earnings ratio of 38.32 and a beta of 1.10. Sandstorm Gold has a twelve month low of $3.96 and a twelve month high of $6.24. The stock has a fifty day simple moving average of $4.86 and a 200 day simple moving average of $4.80. The company has a quick ratio of 3.32, a current ratio of 3.32 and a debt-to-equity ratio of 0.30.

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

Institutional Trading of Sandstorm Gold

Large investors have recently bought and sold shares of the business. Principal Securities Inc. bought a new position in shares of Sandstorm Gold during the 4th quarter worth about $25,000. Creekmur Asset Management LLC bought a new position in shares of Sandstorm Gold during the 4th quarter worth about $39,000. Sequoia Financial Advisors LLC bought a new position in shares of Sandstorm Gold during the 3rd quarter worth about $47,000. Van Hulzen Asset Management LLC bought a new position in shares of Sandstorm Gold during the 4th quarter worth about $50,000. Finally, Anchor Investment Management LLC bought a new position in shares of Sandstorm Gold during the 4th quarter worth about $53,000. 51.97% of the stock is currently owned by institutional investors and hedge funds.

Sandstorm Gold Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 26th. Shareholders of record on Tuesday, April 16th will be issued a dividend of $0.0147 per share. The ex-dividend date of this dividend is Monday, April 15th. This represents a $0.06 dividend on an annualized basis and a yield of 1.10%. Sandstorm Gold’s payout ratio is currently 21.43%.

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.