Cormark Comments on Sandstorm Gold Ltd.'s FY2024 Earnings (NYSE:SAND)

Sandstorm Gold Ltd. (NYSE:SAND - Free Report) - Equities research analysts at Cormark boosted their FY2024 earnings estimates for shares of Sandstorm Gold in a research note issued on Monday, May 6th. Cormark analyst N. Dion now forecasts that the company will post earnings per share of $0.10 for the year, up from their prior forecast of $0.08. The consensus estimate for Sandstorm Gold's current full-year earnings is $0.09 per share.

SAND has been the topic of a number of other research reports. HC Wainwright reaffirmed a "buy" rating and set a $11.00 target price on shares of Sandstorm Gold in a research note on Monday. Scotiabank decreased 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 note on Thursday, April 18th.

Sandstorm Gold Trading Up 2.3 %

Shares of SAND traded up $0.13 during trading hours on Thursday, reaching $5.73. 1,667,028 shares of the company traded hands, compared to its average volume of 2,395,398. The company's fifty day moving average price is $5.18 and its two-hundred day moving average price is $4.86. The company has a market capitalization of $1.71 billion, a price-to-earnings ratio of 71.38 and a beta of 1.08. The company has a quick ratio of 2.26, a current ratio of 2.26 and a debt-to-equity ratio of 0.29. Sandstorm Gold has a 12 month low of $3.96 and a 12 month high of $6.05.

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

Sandstorm Gold Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 26th. Stockholders 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 dividend yield of 1.03%. Sandstorm Gold's dividend payout ratio is presently 37.50%.

Institutional Investors Weigh In On Sandstorm Gold

Several large investors have recently bought and sold shares of the business. Van ECK Associates Corp boosted its stake in shares of Sandstorm Gold by 5.9% in the 1st quarter. Van ECK Associates Corp now owns 30,542,674 shares of the company's stock worth $160,349,000 after buying an additional 1,703,874 shares during the last quarter. Capital International Investors lifted its holdings in Sandstorm Gold by 3.1% in the fourth quarter. Capital International Investors now owns 14,452,440 shares of the company's stock valued at $72,696,000 after acquiring an additional 434,460 shares during the period. Sprott Inc. boosted its position in Sandstorm Gold by 6.4% in the fourth quarter. Sprott Inc. now owns 4,048,355 shares of the company's stock worth $20,365,000 after purchasing an additional 242,554 shares during the last quarter. Helikon Investments Ltd bought a new stake in shares of Sandstorm Gold during the 1st quarter valued at about $6,771,000. Finally, Bar Harbor Wealth Management grew its stake in shares of Sandstorm Gold by 1.7% during the 3rd quarter. Bar Harbor Wealth Management now owns 1,177,067 shares of the company's stock valued at $5,485,000 after purchasing an additional 19,439 shares during the period. 51.97% of the stock is currently owned by institutional investors.

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.