Sandstorm Gold Ltd. (TSE:SSL - Free Report) - Stock analysts at Cormark lifted their FY2024 earnings per share (EPS) estimates for shares of Sandstorm Gold in a research note issued on Monday, May 6th. Cormark analyst N. Dion now anticipates that the company will post earnings per share of $0.14 for the year, up from their prior forecast of $0.11. The consensus estimate for Sandstorm Gold's current full-year earnings is $0.12 per share.
Sandstorm Gold (TSE:SSL - Get Free Report) last issued its quarterly earnings data 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. Sandstorm Gold had a return on equity of 2.95% and a net margin of 23.22%. The business had revenue of C$60.59 million for the quarter, compared to analysts' expectations of C$62.51 million.
Several other brokerages have also weighed in on SSL. National Bankshares lifted their price objective on Sandstorm Gold from C$8.50 to C$8.75 in a report on Monday. CIBC lifted their price objective on Sandstorm Gold from C$8.00 to C$9.00 in a report on Monday, April 15th. TD Securities reduced their target price on 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. Finally, Canaccord Genuity Group increased their price target on shares of Sandstorm Gold from C$10.00 to C$10.50 in a report on Tuesday, April 23rd.
Read Our Latest Stock Report on SSL
Sandstorm Gold Stock Performance
Shares of Sandstorm Gold stock traded up C$0.14 during trading hours on Thursday, hitting C$7.85. 237,276 shares of the company's stock traded hands, compared to its average volume of 314,463. Sandstorm Gold has a 12-month low of C$5.36 and a 12-month high of C$8.09. The stock has a market capitalization of C$2.34 billion, a price-to-earnings ratio of 41.32, a PEG ratio of 0.90 and a beta of 1.09. The company has a fifty day simple moving average of C$7.11 and a 200-day simple moving average of C$6.60. The company has a debt-to-equity ratio of 31.19, a current ratio of 3.32 and a quick ratio of 1.17.
Sandstorm Gold Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, April 26th. Stockholders of record on Friday, April 26th were paid a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a dividend yield of 1.02%. The ex-dividend date was Monday, April 15th. Sandstorm Gold's dividend payout ratio (DPR) is presently 42.11%.
Insider Activity
In other Sandstorm Gold news, Director Nolan Allan Watson purchased 27,200 shares of the company's stock in a transaction that occurred on Monday, April 15th. The stock was bought at an average price of C$7.33 per share, with a total value of C$199,376.00. Insiders own 1.23% of the company's stock.
About Sandstorm Gold
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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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