Sandstorm Gold Ltd. (TSE:SSL) Expected to Earn Q1 2024 Earnings of $0.01 Per Share

Sandstorm Gold Ltd. (TSE:SSL - Free Report) - Research analysts at Raymond James issued their Q1 2024 earnings estimates for Sandstorm Gold in a research report issued to clients and investors 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 $0.09 per share. Raymond James also issued estimates for Sandstorm Gold's Q2 2024 earnings at $0.04 EPS, Q3 2024 earnings at $0.03 EPS, Q4 2024 earnings at $0.04 EPS and FY2024 earnings at $0.12 EPS.

SSL has been the topic of several other research reports. Canaccord Genuity Group boosted their target price on shares of Sandstorm Gold from C$10.00 to C$10.50 in a report on Tuesday. CIBC boosted their target price on shares of Sandstorm Gold from C$8.00 to C$9.00 in a report on Monday, April 15th. Finally, TD Securities dropped their target price on shares of Sandstorm Gold from C$8.00 to C$7.00 and set a "buy" rating on the stock in a report on Wednesday, February 14th.

Sandstorm Gold Trading Up 2.9 %

Shares of TSE:SSL traded up C$0.22 during mid-day trading on Friday, reaching C$7.71. 220,778 shares of the company's stock were exchanged, compared to its average volume of 308,357. The firm has a market capitalization of C$2.30 billion, a price-to-earnings ratio of 40.37, a PEG ratio of 0.90 and a beta of 1.03. The business's fifty day moving average price is C$6.69 and its 200-day moving average price is C$6.51. The company has a debt-to-equity ratio of 29.92, a quick ratio of 1.17 and a current ratio of 3.32. Sandstorm Gold has a twelve month low of C$5.36 and a twelve month high of C$8.38.

Sandstorm Gold (TSE:SSL - Get Free Report) last issued its quarterly earnings results on Thursday, February 15th. The company reported C$0.11 EPS for the quarter, topping analysts' consensus estimates of C$0.03 by C$0.08. The company had revenue of C$60.59 million for 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%.

Sandstorm Gold Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 26th. Shareholders of record on Friday, April 26th will be paid a $0.02 dividend. This represents a $0.08 annualized dividend and a yield of 1.04%. The ex-dividend date of this dividend is Monday, April 15th. Sandstorm Gold's dividend payout ratio (DPR) is currently 42.11%.

Insider Buying and Selling at Sandstorm Gold

In related news, Director Nolan Allan Watson purchased 27,200 shares of the firm's stock in a transaction on Monday, April 15th. The stock was purchased at an average cost of C$7.33 per share, with a total value of C$199,376.00. Insiders own 1.22% of the company's stock.

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.