FY2025 EPS Estimates for Sandstorm Gold Cut by Analyst

Sandstorm Gold Ltd (NYSE:SAND - Free Report) - Cormark lowered their FY2025 earnings estimates for Sandstorm Gold in a research note issued on Tuesday, July 8th. Cormark analyst N. Dion now anticipates that the company will post earnings per share of $0.20 for the year, down from their prior forecast of $0.22. The consensus estimate for Sandstorm Gold's current full-year earnings is $0.18 per share.

Sandstorm Gold (NYSE:SAND - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.05 by ($0.01). Sandstorm Gold had a net margin of 15.80% and a return on equity of 2.00%. The business had revenue of $50.10 million during the quarter, compared to analyst estimates of $71.61 million.

A number of other research analysts have also recently issued reports on SAND. Royal Bank Of Canada increased their target price on shares of Sandstorm Gold from $6.50 to $7.00 and gave the company an "outperform" rating in a report on Friday, April 4th. Wall Street Zen raised Sandstorm Gold from a "hold" rating to a "buy" rating in a research note on Wednesday, May 21st. Scotiabank lifted their price objective on Sandstorm Gold from $7.25 to $8.25 and gave the stock a "sector perform" rating in a report on Monday, April 14th. National Bankshares reissued an "outperform" rating on shares of Sandstorm Gold in a report on Tuesday, June 24th. Finally, HC Wainwright raised their price target on Sandstorm Gold from $11.50 to $11.75 and gave the company a "buy" rating in a research report on Thursday, May 8th. 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 company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $10.04.

Sandstorm Gold Price Performance

Shares of NYSE SAND traded down $0.04 during midday trading on Thursday, hitting $9.84. The company had a trading volume of 8,696,612 shares, compared to its average volume of 4,324,881. The firm has a market capitalization of $2.88 billion, a price-to-earnings ratio of 98.70 and a beta of 0.46. Sandstorm Gold has a twelve month low of $4.92 and a twelve month high of $10.44. The business has a 50-day simple moving average of $8.99 and a two-hundred day simple moving average of $7.42. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 0.24.

Institutional Trading of Sandstorm Gold

Institutional investors and hedge funds have recently made changes to their positions in the stock. Cantor Fitzgerald L. P. purchased a new stake in shares of Sandstorm Gold during the fourth quarter worth about $56,000. Bank of New York Mellon Corp grew its position in shares of Sandstorm Gold by 21.0% in the fourth quarter. Bank of New York Mellon Corp now owns 13,897 shares of the company's stock valued at $78,000 after purchasing an additional 2,416 shares during the period. Fiduciary Trust Co acquired a new stake in shares of Sandstorm Gold in the fourth quarter worth approximately $86,000. Venture Visionary Partners LLC purchased a new stake in shares of Sandstorm Gold during the 1st quarter valued at $91,000. Finally, Rossby Financial LCC acquired a new stake in Sandstorm Gold during the fourth quarter worth about $112,000. 51.97% of the stock is currently owned by hedge funds and other institutional investors.

Sandstorm Gold Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 25th. Shareholders of record on Tuesday, July 15th will be issued a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a yield of 0.81%. The ex-dividend date is Tuesday, July 15th. This is a boost from Sandstorm Gold's previous quarterly dividend of $0.01. Sandstorm Gold's dividend payout ratio is 60.00%.

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.