Sandstorm Gold Ltd. (TSE:SSL) to Post Q1 2024 Earnings of $0.01 Per Share, Raymond James Forecasts

Sandstorm Gold Ltd. (TSE:SSL) – Equities research analysts at Raymond James issued their Q1 2024 EPS estimates for Sandstorm Gold in a report issued on Tuesday, April 23rd. Raymond James analyst B. Macarthur forecasts that the company will post earnings of $0.01 per share 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.

Several other equities analysts also recently commented on SSL. CIBC upped their price objective on shares of Sandstorm Gold from C$8.00 to C$9.00 in a research note on Monday, April 15th. TD Securities lowered their price objective on shares of Sandstorm Gold from C$8.00 to C$7.00 and set a “buy” rating for the company in a research note on Wednesday, February 14th. Finally, Canaccord Genuity Group upped their price objective on shares of Sandstorm Gold from C$10.00 to C$10.50 in a research note on Tuesday.

Sandstorm Gold Stock Performance

Shares of TSE:SSL opened at C$7.71 on Friday. The company has a market cap of C$2.30 billion, a price-to-earnings ratio of 40.58, a price-to-earnings-growth ratio of 0.90 and a beta of 1.03. The company has a 50-day moving average price of C$6.69 and a 200-day moving average price of C$6.51. The company has a current ratio of 3.32, a quick ratio of 1.17 and a debt-to-equity ratio of 29.92. Sandstorm Gold has a 12 month low of C$5.36 and a 12 month high of C$8.38.

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

Insider Buying and Selling

In related news, Director Nolan Allan Watson purchased 27,200 shares of the firm’s stock in a transaction that occurred on Monday, April 15th. The stock was bought at an average cost of C$7.33 per share, with a total value of C$199,376.00. 1.22% of the stock is owned by insiders.

Sandstorm Gold Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 26th. Investors of record on Friday, April 26th were paid a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a yield of 1.04%. The ex-dividend date of this dividend was Monday, April 15th. Sandstorm Gold’s payout ratio is currently 42.11%.

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.