Sandstorm Gold Ltd. (NYSE:SAND - Free Report) - Stock analysts at Raymond James issued their Q1 2024 earnings per share (EPS) estimates for shares of Sandstorm Gold in a research note issued on Tuesday, April 23rd. Raymond James analyst B. Macarthur anticipates that the company will post earnings per share of $0.01 for the quarter. The consensus estimate for Sandstorm Gold's current full-year earnings is $0.08 per share. Raymond James also issued estimates for Sandstorm Gold's Q2 2024 earnings at $0.03 EPS, Q3 2024 earnings at $0.02 EPS, Q4 2024 earnings at $0.03 EPS and FY2024 earnings at $0.09 EPS.
Sandstorm Gold (NYSE:SAND - Get Free Report) last issued its quarterly earnings data 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 business had revenue of $44.50 million for the quarter, compared to analysts' expectations of $46.30 million.
Separately, Scotiabank dropped their price objective on Sandstorm Gold from $6.50 to $6.25 and set a "sector perform" rating on the stock in a research note on Thursday, April 18th.
View Our Latest Analysis on SAND
Sandstorm Gold Stock Up 2.6 %
NYSE:SAND traded up $0.14 during trading hours on Friday, hitting $5.64. 2,313,103 shares of the company traded hands, compared to its average volume of 2,416,047. The company has a quick ratio of 3.32, a current ratio of 3.32 and a debt-to-equity ratio of 0.30. The firm's 50-day simple moving average is $4.95 and its 200-day simple moving average is $4.81. Sandstorm Gold has a one year low of $3.96 and a one year high of $6.24. The company has a market cap of $1.68 billion, a PE ratio of 40.25 and a beta of 1.10.
Sandstorm Gold Cuts Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, April 26th. Stockholders of record on Tuesday, April 16th will be given a dividend of $0.0147 per share. This represents a $0.06 annualized dividend and a dividend yield of 1.04%. The ex-dividend date is Monday, April 15th. Sandstorm Gold's dividend payout ratio is presently 21.43%.
Institutional Investors Weigh In On Sandstorm Gold
Several large investors have recently added to or reduced their stakes in SAND. Shell Asset Management Co. raised its stake in Sandstorm Gold by 13.6% in the 3rd quarter. Shell Asset Management Co. now owns 20,100 shares of the company's stock valued at $94,000 after acquiring an additional 2,400 shares during the period. Raymond James & Associates raised its stake in Sandstorm Gold by 0.9% in the 3rd quarter. Raymond James & Associates now owns 286,451 shares of the company's stock valued at $1,335,000 after acquiring an additional 2,441 shares during the period. Bank of New York Mellon Corp raised its stake in Sandstorm Gold by 20.8% in the 3rd quarter. Bank of New York Mellon Corp now owns 18,103 shares of the company's stock valued at $84,000 after acquiring an additional 3,115 shares during the period. Raymond James Financial Services Advisors Inc. raised its stake in Sandstorm Gold by 20.4% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 22,213 shares of the company's stock valued at $104,000 after acquiring an additional 3,766 shares during the period. Finally, Dubuque Bank & Trust Co raised its stake in Sandstorm Gold by 33.3% in the 3rd quarter. Dubuque Bank & Trust Co now owns 16,000 shares of the company's stock valued at $75,000 after acquiring an additional 4,000 shares during the period. Hedge funds and other institutional investors own 51.97% of the company's stock.
Sandstorm Gold Company Profile
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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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