FY2024 EPS Estimates for Sandstorm Gold Ltd. Lowered by HC Wainwright (NYSE:SAND)

Sandstorm Gold Ltd. (NYSE:SAND - Free Report) - Stock analysts at HC Wainwright decreased their FY2024 earnings per share (EPS) estimates for shares of Sandstorm Gold in a research note issued on Tuesday, May 7th. HC Wainwright analyst H. Ihle now anticipates that the company will post earnings per share of $0.06 for the year, down from their prior forecast of $0.09. HC Wainwright currently has a "Buy" rating and a $11.00 price target on the stock. The consensus estimate for Sandstorm Gold's current full-year earnings is $0.09 per share. HC Wainwright also issued estimates for Sandstorm Gold's FY2025 earnings at $0.07 EPS.

Sandstorm Gold (NYSE:SAND - Get Free Report) last announced its earnings results on Thursday, February 15th. The company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.06. Sandstorm Gold had a return on equity of 1.52% and a net margin of 12.24%. The firm had revenue of $44.50 million during the quarter, compared to analyst estimates of $46.30 million.

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

Sandstorm Gold Stock Performance

Shares of Sandstorm Gold stock traded down $0.01 during trading hours on Wednesday, hitting $5.61. 1,568,453 shares of the company's stock traded hands, compared to its average volume of 2,403,584. Sandstorm Gold has a 12-month low of $3.96 and a 12-month high of $6.16. The stock has a market capitalization of $1.67 billion, a price-to-earnings ratio of 70.01 and a beta of 1.08. The company has a fifty day simple moving average of $5.15 and a 200-day simple moving average of $4.85. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.26 and a quick ratio of 2.26.

Sandstorm Gold Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 26th. Shareholders of record on Tuesday, April 16th were paid a $0.0147 dividend. The ex-dividend date was Monday, April 15th. This represents a $0.06 annualized dividend and a yield of 1.05%. Sandstorm Gold's dividend payout ratio is currently 37.50%.

Institutional Trading of Sandstorm Gold

Large investors have recently modified their holdings of the business. Principal Securities Inc. bought a new stake in shares of Sandstorm Gold during the 4th quarter valued at about $25,000. Creekmur Asset Management LLC purchased a new stake in Sandstorm Gold in the fourth quarter worth approximately $39,000. Sequoia Financial Advisors LLC purchased a new stake in Sandstorm Gold in the third quarter worth approximately $47,000. Van Hulzen Asset Management LLC purchased a new stake in Sandstorm Gold in the fourth quarter worth approximately $50,000. Finally, Anchor Investment Management LLC purchased a new stake in Sandstorm Gold in the fourth quarter worth approximately $53,000. Institutional investors own 51.97% of the company's stock.

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.