Sandstorm Gold Ltd. (NYSE:SAND - Free Report) - Analysts at HC Wainwright boosted their FY2025 earnings estimates for shares of Sandstorm Gold in a research report issued on Thursday, May 8th. HC Wainwright analyst H. Ihle now anticipates that the company will post earnings per share of $0.11 for the year, up from their prior estimate of $0.08. HC Wainwright has a "Buy" rating and a $11.75 price target on the stock. The consensus estimate for Sandstorm Gold's current full-year earnings is $0.18 per share.
A number of other equities research analysts have also recently issued reports on the stock. Scotiabank lifted their price target on shares of Sandstorm Gold from $7.25 to $8.25 and gave the company a "sector perform" rating in a research note on Monday, April 14th. Royal Bank of Canada lifted their target price on shares of Sandstorm Gold from $6.50 to $7.00 and gave the stock an "outperform" rating in a research note on Friday, April 4th. Raymond James set a $9.75 price target on shares of Sandstorm Gold and gave the company an "outperform" rating in a research report on Wednesday. Finally, StockNews.com raised shares of Sandstorm Gold from a "hold" rating to a "buy" rating in a research report on Wednesday, February 26th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, Sandstorm Gold currently has a consensus rating of "Moderate Buy" and an average price target of $9.25.
Read Our Latest Report on Sandstorm Gold
Sandstorm Gold Price Performance
Sandstorm Gold stock opened at $8.81 on Monday. The company's fifty day moving average price is $7.58 and its 200 day moving average price is $6.45. Sandstorm Gold has a 1 year low of $4.92 and a 1 year high of $8.91. The stock has a market capitalization of $2.59 billion, a P/E ratio of 176.24 and a beta of 0.48. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.29 and a current ratio of 1.95.
Sandstorm Gold (NYSE:SAND - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The company reported $0.04 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.05 by ($0.01). Sandstorm Gold had a net margin of 8.11% and a return on equity of 0.98%. The company had revenue of $50.10 million during the quarter, compared to analyst estimates of $71.61 million.
Institutional Trading of Sandstorm Gold
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Boston Partners raised its position in Sandstorm Gold by 39,289.9% in the fourth quarter. Boston Partners now owns 9,812,015 shares of the company's stock valued at $54,751,000 after purchasing an additional 9,787,105 shares during the period. Invesco Ltd. raised its position in Sandstorm Gold by 35.0% in the fourth quarter. Invesco Ltd. now owns 6,522,246 shares of the company's stock valued at $36,394,000 after purchasing an additional 1,691,296 shares during the period. Dimensional Fund Advisors LP raised its position in Sandstorm Gold by 22.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,974,343 shares of the company's stock valued at $27,781,000 after purchasing an additional 913,527 shares during the period. Sprott Inc. increased its stake in Sandstorm Gold by 77.9% during the fourth quarter. Sprott Inc. now owns 4,465,843 shares of the company's stock worth $24,925,000 after purchasing an additional 1,955,916 shares during the period. Finally, Amundi increased its stake in Sandstorm Gold by 74.9% during the fourth quarter. Amundi now owns 2,890,535 shares of the company's stock worth $16,447,000 after purchasing an additional 1,238,050 shares during the period. Hedge funds and other institutional investors own 51.97% of the company's stock.
Sandstorm Gold Cuts Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, April 25th. Shareholders of record on Monday, April 14th were given a $0.014 dividend. This represents a $0.06 dividend on an annualized basis and a yield of 0.63%. The ex-dividend date of this dividend was Monday, April 14th. Sandstorm Gold's payout ratio is 50.00%.
About Sandstorm Gold
(
Get Free Report)
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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