Cormark Analysts Lower Earnings Estimates for Sandstorm Gold

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 reduced their FY2025 earnings estimates for Sandstorm Gold in a research report issued on Monday, August 11th. Cormark analyst N. Dion now forecasts that the company will post earnings of $0.18 per share for the year, down from their prior estimate 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 announced its quarterly earnings data on Thursday, August 7th. The company reported $0.05 EPS for the quarter, meeting analysts' consensus estimates of $0.05. The firm had revenue of $51.42 million for the quarter, compared to the consensus estimate of $68.43 million. Sandstorm Gold had a net margin of 17.78% and a return on equity of 2.38%.

Other analysts have also recently issued reports about the stock. National Bankshares reiterated an "outperform" rating on shares of Sandstorm Gold in a research note on Tuesday, June 24th. HC Wainwright upped their target price on shares of Sandstorm Gold from $11.50 to $11.75 and gave the company a "buy" rating in a research note on Thursday, May 8th. Wall Street Zen upgraded shares of Sandstorm Gold from a "hold" rating to a "buy" rating in a research note on Wednesday, May 21st. Raymond James Financial set a $9.75 target price on shares of Sandstorm Gold and gave the company an "outperform" rating in a research note on Wednesday, May 7th. Finally, Stifel Canada cut shares of Sandstorm Gold from a "strong-buy" rating to a "hold" rating in a research note on Monday, July 21st. One analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $10.15.

Sandstorm Gold Stock Up 1.2%

NYSE SAND traded up $0.13 during trading on Tuesday, reaching $10.61. The company's stock had a trading volume of 3,812,812 shares, compared to its average volume of 6,823,976. 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 stock has a market capitalization of $3.11 billion, a PE ratio of 88.42 and a beta of 0.47. The business has a 50-day moving average price of $9.62 and a 200-day moving average price of $8.21. Sandstorm Gold has a 1-year low of $5.33 and a 1-year high of $10.76.

Institutional Investors Weigh In On Sandstorm Gold

Institutional investors and hedge funds have recently bought and sold shares of the business. XTX Topco Ltd increased its holdings in Sandstorm Gold by 107.9% in the 1st quarter. XTX Topco Ltd now owns 75,471 shares of the company's stock valued at $570,000 after buying an additional 39,172 shares during the period. Oppenheimer Asset Management Inc. increased its holdings in Sandstorm Gold by 62.0% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 26,916 shares of the company's stock valued at $203,000 after buying an additional 10,302 shares during the period. D.A. Davidson & CO. bought a new stake in Sandstorm Gold in the 1st quarter valued at $414,000. Deutsche Bank AG increased its holdings in Sandstorm Gold by 4.1% in the 4th quarter. Deutsche Bank AG now owns 552,995 shares of the company's stock valued at $3,086,000 after buying an additional 21,858 shares during the period. Finally, Alps Advisors Inc. bought a new stake in shares of Sandstorm Gold in the 1st quarter worth about $624,000. Institutional investors own 51.97% of the company's stock.

Sandstorm Gold Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 25th. Shareholders of record on Tuesday, July 15th were issued a $0.02 dividend. This is a boost from Sandstorm Gold's previous quarterly dividend of $0.01. The ex-dividend date of this dividend was Tuesday, July 15th. This represents a $0.08 annualized dividend and a yield of 0.8%. Sandstorm Gold's payout ratio is presently 50.00%.

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.