Brokers Issue Forecasts for Sandstorm Gold Ltd.’s FY2024 Earnings (TSE:SSL)

Sandstorm Gold Ltd. (TSE:SSL) – Research analysts at Cormark increased their FY2024 earnings per share estimates for shares of Sandstorm Gold in a report issued on Monday, May 6th. Cormark analyst N. Dion now forecasts that the company will earn $0.14 per share for the year, up from their prior forecast of $0.11. The consensus estimate for Sandstorm Gold’s current full-year earnings is $0.12 per share.

A number of other analysts also recently issued reports on the company. National Bankshares lifted their target price on Sandstorm Gold from C$8.50 to C$8.75 in a research report on Monday. Canaccord Genuity Group increased their price objective on shares of Sandstorm Gold from C$10.00 to C$10.50 in a research note on Tuesday, April 23rd. TD Securities dropped their price target on shares of Sandstorm Gold from C$8.00 to C$7.00 and set a “buy” rating for the company in a research note on Wednesday, February 14th. Finally, CIBC boosted their target price on shares of Sandstorm Gold from C$8.00 to C$9.00 in a report on Monday, April 15th.

Sandstorm Gold Stock Down 0.1 %

SSL stock opened at C$7.71 on Thursday. The company has a debt-to-equity ratio of 31.19, a current ratio of 3.32 and a quick ratio of 1.17. The stock has a market capitalization of C$2.30 billion, a P/E ratio of 40.58, a P/E/G ratio of 0.90 and a beta of 1.09. Sandstorm Gold has a fifty-two week low of C$5.36 and a fifty-two week high of C$8.23. The business has a 50-day moving average of C$7.06 and a 200-day moving average of C$6.59.

Sandstorm Gold (TSE:SSL) last announced its quarterly earnings results on Thursday, February 15th. The company reported C$0.11 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.03 by C$0.08. The company had revenue of C$60.59 million for the quarter, compared to analysts’ expectations of C$62.51 million. Sandstorm Gold had a net margin of 23.22% and a return on equity of 2.95%.

Insider Activity

In other news, Director Nolan Allan Watson bought 27,200 shares of the stock in a transaction dated Monday, April 15th. The shares were bought at an average cost of C$7.33 per share, with a total value of C$199,376.00. Company insiders own 1.23% of the company’s stock.

Sandstorm Gold Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 26th. Shareholders of record on Friday, April 26th were paid a $0.02 dividend. This represents a $0.08 annualized dividend and a yield of 1.04%. The ex-dividend date of this dividend was Monday, April 15th. Sandstorm Gold’s dividend payout ratio (DPR) is currently 42.11%.

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.