Cormark Issues Negative Forecast for Sandstorm Gold Earnings

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

A number of other equities analysts also recently issued reports on SAND. Scotiabank raised their price objective on Sandstorm Gold from $7.25 to $8.25 and gave the stock a "sector perform" rating in a research report on Monday, April 14th. Raymond James Financial set a $9.75 price objective on Sandstorm Gold and gave the stock an "outperform" rating in a research report on Wednesday, May 7th. Wall Street Zen raised Sandstorm Gold from a "hold" rating to a "buy" rating in a research note on Wednesday, May 21st. National Bankshares reaffirmed an "outperform" rating on shares of Sandstorm Gold in a research note on Tuesday, June 24th. Finally, HC Wainwright raised their target price on Sandstorm Gold from $11.50 to $11.75 and gave the stock a "buy" rating in a research note on Thursday, May 8th. One analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $10.15.

Sandstorm Gold Trading Up 0.2%

Shares of SAND traded up $0.02 during mid-day trading on Thursday, reaching $9.86. 10,323,044 shares of the company were exchanged, compared to its average volume of 4,367,794. Sandstorm Gold has a 52 week low of $4.92 and a 52 week high of $10.44. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.77 and a current ratio of 1.77. The stock has a market capitalization of $2.89 billion, a PE ratio of 98.61 and a beta of 0.46. The business has a 50 day simple moving average of $9.05 and a two-hundred day simple moving average of $7.51.

Sandstorm Gold (NYSE:SAND - Get Free Report) last posted its 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 firm had revenue of $50.10 million during the quarter, compared to the consensus estimate of $71.61 million.

Sandstorm Gold Increases Dividend

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

Institutional Investors Weigh In On Sandstorm Gold

Hedge funds have recently added to or reduced their stakes in the company. Oppenheimer Asset Management Inc. grew its stake in Sandstorm Gold by 62.0% in the first quarter. Oppenheimer Asset Management Inc. now owns 26,916 shares of the company's stock valued at $203,000 after acquiring an additional 10,302 shares during the period. D.A. Davidson & CO. purchased a new position in shares of Sandstorm Gold during the first quarter valued at approximately $414,000. Swiss National Bank boosted its position in shares of Sandstorm Gold by 0.6% during the fourth quarter. Swiss National Bank now owns 501,762 shares of the company's stock valued at $2,805,000 after buying an additional 3,000 shares during the last quarter. Deutsche Bank AG boosted its position in shares of Sandstorm Gold by 4.1% during the fourth 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 last quarter. Finally, Renaissance Technologies LLC boosted its position in shares of Sandstorm Gold by 115.3% during the fourth quarter. Renaissance Technologies LLC now owns 1,469,501 shares of the company's stock valued at $8,200,000 after buying an additional 786,951 shares during the last quarter. Institutional investors and hedge funds own 51.97% of the company's stock.

Sandstorm Gold Company Profile

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.