Cormark Issues Negative Outlook for Sandstorm Gold Earnings

Key Points

• Cormark has lowered its earnings estimates for Sandstorm Gold, now projecting $0.18 per share for FY2025, down from $0.20, matching the current consensus estimate.
• Sandstorm Gold recently declared a quarterly dividend of $0.02 per share, an increase from the previous $0.01, representing an annualized dividend of $0.08 and a yield of 0.8%.
• Analysts have mixed ratings on Sandstorm Gold, with one sell rating, two hold ratings, and five buy ratings, resulting in a consensus rating of "Moderate Buy."

Sandstorm Gold Ltd (NYSE:SAND - Free Report) - Stock analysts at Cormark dropped their FY2025 earnings estimates for shares of Sandstorm Gold in a note issued to investors on Monday, August 11th. Cormark analyst N. Dion now anticipates that the company will post earnings per share of $0.18 for the year, down from their previous forecast of $0.20. The consensus estimate for Sandstorm Gold's current full-year earnings is $0.18 per share. Cormark also issued estimates for Sandstorm Gold's FY2026 earnings at $0.28 EPS.

Sandstorm Gold (NYSE:SAND - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The company reported $0.05 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.05. The firm had revenue of $51.42 million for the quarter, compared to analyst estimates of $68.43 million. Sandstorm Gold had a return on equity of 2.38% and a net margin of 17.78%.

A number of other analysts also recently commented on SAND. Wall Street Zen raised shares of Sandstorm Gold from a "hold" rating to a "buy" rating in a report on Wednesday, May 21st. HC Wainwright upped their target price on Sandstorm Gold from $11.50 to $11.75 and gave the company a "buy" rating in a research note on Thursday, May 8th. Stifel Canada cut Sandstorm Gold from a "strong-buy" rating to a "hold" rating in a report on Monday, July 21st. National Bankshares reissued an "outperform" rating on shares of Sandstorm Gold in a research note on Tuesday, June 24th. Finally, Raymond James Financial set a $9.75 price target on shares of Sandstorm Gold and gave the stock an "outperform" rating in a research report on Wednesday, May 7th. One analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $10.15.

Sandstorm Gold Trading Up 1.2%

Shares of SAND stock opened at $10.55 on Tuesday. Sandstorm Gold has a twelve month low of $5.15 and a twelve month high of $10.62. The company has a current ratio of 2.40, a quick ratio of 2.40 and a debt-to-equity ratio of 0.22. The business's 50 day moving average is $9.53 and its two-hundred day moving average is $8.10. The company has a market capitalization of $3.09 billion, a P/E ratio of 87.88 and a beta of 0.47.

Sandstorm Gold Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 25th. Stockholders of record on Tuesday, July 15th were given a dividend of $0.02 per share. The ex-dividend date of this dividend was Tuesday, July 15th. This is a positive change from Sandstorm Gold's previous quarterly dividend of $0.01. This represents a $0.08 annualized dividend and a dividend yield of 0.8%. Sandstorm Gold's dividend payout ratio is 50.00%.

Hedge Funds Weigh In On Sandstorm Gold

A number of hedge funds have recently bought and sold shares of SAND. XTX Topco Ltd lifted its holdings in Sandstorm Gold by 107.9% during the 1st quarter. XTX Topco Ltd now owns 75,471 shares of the company's stock worth $570,000 after buying an additional 39,172 shares during the last quarter. Oppenheimer Asset Management Inc. lifted its stake in Sandstorm Gold by 62.0% during the first quarter. Oppenheimer Asset Management Inc. now owns 26,916 shares of the company's stock worth $203,000 after purchasing an additional 10,302 shares during the last quarter. D.A. Davidson & CO. acquired a new position in Sandstorm Gold in the first quarter worth $414,000. Deutsche Bank AG boosted its holdings in Sandstorm Gold by 4.1% in the fourth quarter. Deutsche Bank AG now owns 552,995 shares of the company's stock worth $3,086,000 after purchasing an additional 21,858 shares during the period. Finally, Alps Advisors Inc. bought a new stake in Sandstorm Gold during the first quarter valued at $624,000. 51.97% of the stock is currently owned by institutional investors and hedge funds.

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.

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