Sandstorm Gold Ltd. to Post Q1 2024 Earnings of $0.02 Per Share, Cormark Forecasts (NYSE:SAND)

Sandstorm Gold Ltd. (NYSE:SAND - Free Report) - Investment analysts at Cormark issued their Q1 2024 EPS estimates for shares of Sandstorm Gold in a note issued to investors on Monday, April 22nd. Cormark analyst N. Dion expects that the company will post earnings of $0.02 per share for the quarter. The consensus estimate for Sandstorm Gold's current full-year earnings is $0.08 per share.

Sandstorm Gold (NYSE:SAND - Get Free Report) last posted its quarterly earnings results on Thursday, February 15th. The company reported $0.08 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.06. Sandstorm Gold had a return on equity of 2.89% and a net margin of 23.22%. The firm had revenue of $44.50 million for the quarter, compared to analyst estimates of $46.30 million.

Separately, Scotiabank cut their target price on shares of Sandstorm Gold from $6.50 to $6.25 and set a "sector perform" rating for the company in a research report on Thursday, April 18th.

Sandstorm Gold Stock Up 0.2 %

Shares of SAND stock traded up $0.01 during trading on Wednesday, hitting $5.37. 1,716,533 shares of the company were exchanged, compared to its average volume of 2,413,625. The business's 50-day simple moving average is $4.86 and its 200 day simple moving average is $4.80. Sandstorm Gold has a twelve month low of $3.96 and a twelve month high of $6.24. The firm has a market capitalization of $1.60 billion, a price-to-earnings ratio of 38.32 and a beta of 1.10. The company has a debt-to-equity ratio of 0.30, a quick ratio of 3.32 and a current ratio of 3.32.

Institutional Trading of Sandstorm Gold

A number of institutional investors have recently added to or reduced their stakes in SAND. American Century Companies Inc. lifted its stake in shares of Sandstorm Gold by 1,787.2% in the 3rd quarter. American Century Companies Inc. now owns 1,049,830 shares of the company's stock valued at $4,893,000 after purchasing an additional 994,200 shares during the last quarter. Moneta Group Investment Advisors LLC lifted its position in shares of Sandstorm Gold by 74.0% in the third quarter. Moneta Group Investment Advisors LLC now owns 38,399 shares of the company's stock worth $179,000 after buying an additional 16,336 shares during the last quarter. Raymond James & Associates boosted its stake in shares of Sandstorm Gold by 4.1% during the 4th quarter. Raymond James & Associates now owns 298,203 shares of the company's stock worth $1,500,000 after acquiring an additional 11,752 shares in the last quarter. Trexquant Investment LP raised its stake in shares of Sandstorm Gold by 134.0% in the 3rd quarter. Trexquant Investment LP now owns 83,956 shares of the company's stock valued at $391,000 after acquiring an additional 48,081 shares in the last quarter. Finally, Bar Harbor Wealth Management lifted its holdings in Sandstorm Gold by 1.7% in the 3rd quarter. Bar Harbor Wealth Management now owns 1,177,067 shares of the company's stock worth $5,485,000 after purchasing an additional 19,439 shares during the last quarter. 51.97% of the stock is currently owned by institutional investors and hedge funds.

Sandstorm Gold Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 26th. Investors of record on Tuesday, April 16th will be issued a $0.0147 dividend. The ex-dividend date of this dividend is Monday, April 15th. This represents a $0.06 dividend on an annualized basis and a yield of 1.09%. Sandstorm Gold's dividend payout ratio is currently 21.43%.

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.