Equities Analysts Offer Predictions for Sandstorm Gold Ltd.’s Q1 2024 Earnings (TSE:SSL)

Sandstorm Gold Ltd. (TSE:SSL) – Cormark issued their Q1 2024 earnings per share (EPS) estimates for shares of Sandstorm Gold in a research note issued on Monday, April 22nd. Cormark analyst N. Dion expects that the company will post earnings per share of $0.03 for the quarter. The consensus estimate for Sandstorm Gold’s current full-year earnings is $0.09 per share.

Sandstorm Gold (TSE:SSL) last announced 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. The company had revenue of C$60.59 million during the quarter, compared to analysts’ expectations of C$62.51 million. Sandstorm Gold had a return on equity of 2.95% and a net margin of 23.22%.

Several other equities analysts have also recently weighed in on SSL. TD Securities decreased their price objective 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. Canaccord Genuity Group raised their target price on shares of Sandstorm Gold from C$10.00 to C$10.50 in a research note on Tuesday. Finally, CIBC raised their target price on shares of Sandstorm Gold from C$8.00 to C$9.00 in a research note on Monday, April 15th.

Sandstorm Gold Price Performance

Shares of TSE SSL opened at C$7.35 on Wednesday. The stock has a market capitalization of C$2.19 billion, a price-to-earnings ratio of 38.68, a PEG ratio of 0.90 and a beta of 1.03. The business has a 50-day moving average of C$6.57 and a 200-day moving average of C$6.49. The company has a debt-to-equity ratio of 29.92, a current ratio of 3.32 and a quick ratio of 1.17. Sandstorm Gold has a fifty-two week low of C$5.36 and a fifty-two week high of C$8.38.

Sandstorm Gold Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 26th. Shareholders of record on Friday, April 26th will be given a dividend of $0.02 per share. The ex-dividend date of this dividend is Monday, April 15th. This represents a $0.08 annualized dividend and a yield of 1.09%. Sandstorm Gold’s dividend payout ratio (DPR) is presently 42.11%.

Insiders Place Their Bets

In related news, Director Nolan Allan Watson acquired 7,800 shares of the business’s stock in a transaction on Tuesday, March 12th. The stock was purchased at an average cost of C$6.39 per share, for a total transaction of C$49,826.40. Company 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.