Research Analysts Set Expectations for Sandstorm Gold Ltd.'s FY2024 Earnings (TSE:SSL)

Sandstorm Gold Ltd. (TSE:SSL - Free Report) - Investment analysts at HC Wainwright issued their FY2024 earnings estimates for Sandstorm Gold in a report released on Wednesday, April 10th. HC Wainwright analyst H. Ihle forecasts that the company will post earnings of $0.12 per share for the year. The consensus estimate for Sandstorm Gold's current full-year earnings is $0.09 per share.

Sandstorm Gold (TSE:SSL - Get Free Report) last released its earnings results on Thursday, February 15th. The company reported C$0.11 earnings per share for the quarter, beating the consensus estimate of C$0.03 by C$0.08. The firm had revenue of C$60.59 million during the quarter, compared to analyst estimates of C$62.51 million. Sandstorm Gold had a net margin of 23.22% and a return on equity of 2.95%.

Separately, TD Securities decreased their price target on shares of Sandstorm Gold from C$8.00 to C$7.00 and set a "buy" rating for the company in a report on Wednesday, February 14th.

Sandstorm Gold Price Performance

SSL stock traded down C$0.08 during trading on Thursday, hitting C$7.47. The company had a trading volume of 366,437 shares, compared to its average volume of 296,034. Sandstorm Gold has a fifty-two week low of C$5.36 and a fifty-two week high of C$8.45. The company has a current ratio of 3.32, a quick ratio of 1.17 and a debt-to-equity ratio of 29.92. The firm has a market capitalization of C$2.23 billion, a price-to-earnings ratio of 39.32, a P/E/G ratio of 0.90 and a beta of 1.03. The business has a 50 day moving average of C$6.38 and a 200 day moving average of C$6.44.

Insider Buying and Selling

In other news, Director Nolan Allan Watson purchased 7,800 shares of the company's stock in a transaction on Tuesday, March 12th. The shares were purchased at an average price of C$6.39 per share, with a total value of C$49,826.40. 1.22% of the stock is currently owned by company insiders.

Sandstorm Gold Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 26th. Investors of record on Tuesday, April 16th will be paid a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a yield of 1.07%. The ex-dividend date of this dividend is Monday, April 15th. Sandstorm Gold's payout ratio is presently 42.11%.

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.