Sandstorm Gold Ltd. (NYSE:SAND) Forecasted to Earn Q1 2024 Earnings of $0.01 Per Share

Sandstorm Gold Ltd. (NYSE:SAND) – Investment 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 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 $0.03 EPS, Q3 2024 earnings at $0.02 EPS, Q4 2024 earnings at $0.03 EPS and FY2024 earnings at $0.09 EPS.

Separately, Scotiabank cut their price objective on shares of Sandstorm Gold from $6.50 to $6.25 and set a “sector perform” rating on the stock in a report on Thursday, April 18th.

Sandstorm Gold Stock Performance

NYSE:SAND opened at $5.63 on Friday. The company has a quick ratio of 3.32, a current ratio of 3.32 and a debt-to-equity ratio of 0.30. Sandstorm Gold has a fifty-two week low of $3.96 and a fifty-two week high of $6.24. The stock has a market cap of $1.68 billion, a PE ratio of 40.21 and a beta of 1.10. The firm’s fifty day simple moving average is $4.95 and its 200-day simple moving average is $4.81.

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

Hedge Funds Weigh In On Sandstorm Gold

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Simplicity Wealth LLC acquired a new position in Sandstorm Gold in the 1st quarter valued at $158,000. PFG Investments LLC boosted its position in shares of Sandstorm Gold by 102.5% during the 1st quarter. PFG Investments LLC now owns 31,789 shares of the company’s stock valued at $167,000 after purchasing an additional 16,089 shares in the last quarter. Helikon Investments Ltd bought a new stake in shares of Sandstorm Gold during the 1st quarter valued at about $6,771,000. Mayfair Advisory Group LLC raised its stake in shares of Sandstorm Gold by 50.0% in the first quarter. Mayfair Advisory Group LLC now owns 30,000 shares of the company’s stock worth $158,000 after purchasing an additional 10,000 shares during the last quarter. Finally, Creekmur Asset Management LLC purchased a new stake in shares of Sandstorm Gold during the fourth quarter valued at approximately $39,000. Institutional investors and hedge funds own 51.97% of the company’s stock.

Sandstorm Gold Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 26th. Shareholders of record on Tuesday, April 16th were given a $0.0147 dividend. This represents a $0.06 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 dividend payout ratio (DPR) is 21.43%.

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.