Sandstorm Gold Ltd. Forecasted to Post FY2024 Earnings of $0.09 Per Share (NYSE:SAND)

Sandstorm Gold Ltd. (NYSE:SAND) – Equities researchers at HC Wainwright issued their FY2024 earnings per share (EPS) estimates for Sandstorm Gold in a research note issued on Wednesday, April 10th. HC Wainwright analyst H. Ihle anticipates that the company will post earnings of $0.09 per share for the year. The consensus estimate for Sandstorm Gold’s current full-year earnings is $0.06 per share.

Sandstorm Gold (NYSE:SAND) last released its earnings results on Thursday, February 15th. The company reported $0.08 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.06. The company had revenue of $44.50 million during the quarter, compared to the consensus estimate of $46.30 million. Sandstorm Gold had a return on equity of 2.89% and a net margin of 23.22%.

Sandstorm Gold Trading Down 1.1 %

NYSE SAND opened at $5.45 on Thursday. The stock has a 50-day simple moving average of $4.71 and a 200 day simple moving average of $4.75. The company has a market capitalization of $1.62 billion, a PE ratio of 38.93 and a beta of 1.10. The company has a current ratio of 3.32, a quick ratio of 3.32 and a debt-to-equity ratio of 0.30. Sandstorm Gold has a 12 month low of $3.96 and a 12 month high of $6.31.

Institutional Investors Weigh In On Sandstorm Gold

Large investors have recently modified their holdings of the business. American Century Companies Inc. lifted its position in shares of Sandstorm Gold by 1,787.2% in the third quarter. American Century Companies Inc. now owns 1,049,830 shares of the company’s stock valued at $4,893,000 after buying an additional 994,200 shares during the last quarter. Moneta Group Investment Advisors LLC lifted its position in shares of Sandstorm Gold by 74.0% in the third quarter. Moneta Group Investment Advisors LLC now owns 38,399 shares of the company’s stock valued at $179,000 after buying an additional 16,336 shares during the last quarter. Trexquant Investment LP lifted its position in shares of Sandstorm Gold by 134.0% in the third quarter. Trexquant Investment LP now owns 83,956 shares of the company’s stock valued at $391,000 after buying an additional 48,081 shares during the last quarter. Bar Harbor Wealth Management lifted its position in shares of Sandstorm Gold by 1.7% in the third quarter. Bar Harbor Wealth Management now owns 1,177,067 shares of the company’s stock valued at $5,485,000 after buying an additional 19,439 shares during the last quarter. Finally, Versor Investments LP acquired a new stake in shares of Sandstorm Gold in the third quarter valued at approximately $138,000. 51.97% of the stock is currently owned by institutional investors.

Sandstorm Gold Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 26th. Shareholders of record on Tuesday, April 16th will be issued a $0.0147 dividend. The ex-dividend date is Monday, April 15th. This represents a $0.06 annualized dividend and a dividend yield of 1.08%. Sandstorm Gold’s dividend payout ratio (DPR) is currently 28.57%.

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.