FY2024 EPS Estimates for Sandstorm Gold Ltd. (NYSE:SAND) Lowered by HC Wainwright

Sandstorm Gold Ltd. (NYSE:SAND) – Equities research analysts at HC Wainwright decreased their FY2024 EPS estimates for Sandstorm Gold in a research note issued on Tuesday, May 7th. HC Wainwright analyst H. Ihle now anticipates that the company will earn $0.06 per share for the year, down from their prior forecast of $0.09. HC Wainwright has a “Buy” rating and a $11.00 price objective on the stock. The consensus estimate for Sandstorm Gold’s current full-year earnings is $0.09 per share. HC Wainwright also issued estimates for Sandstorm Gold’s FY2025 earnings at $0.07 EPS.

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

Sandstorm Gold Stock Performance

NYSE:SAND opened at $5.73 on Wednesday. The company has a market cap of $1.71 billion, a price-to-earnings ratio of 71.38 and a beta of 1.08. The company has a quick ratio of 2.26, a current ratio of 2.26 and a debt-to-equity ratio of 0.29. Sandstorm Gold has a 52 week low of $3.96 and a 52 week high of $6.05. The company has a fifty day simple moving average of $5.18 and a two-hundred day simple moving average of $4.86.

Sandstorm Gold (NYSE:SAND) last issued its quarterly earnings results on Thursday, February 15th. The company reported $0.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.06. Sandstorm Gold had a net margin of 12.24% and a return on equity of 1.52%. The company had revenue of $44.50 million for the quarter, compared to analyst estimates of $46.30 million.

Sandstorm Gold Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 26th. Investors of record on Tuesday, April 16th were issued a dividend of $0.0147 per share. This represents a $0.06 annualized dividend and a dividend yield of 1.03%. The ex-dividend date of this dividend was Monday, April 15th. Sandstorm Gold’s dividend payout ratio is presently 37.50%.

Institutional Trading of Sandstorm Gold

Several hedge funds have recently modified their holdings of SAND. Russell Investments Group Ltd. grew its position in shares of Sandstorm Gold by 3.5% in the first quarter. Russell Investments Group Ltd. now owns 474,651 shares of the company’s stock valued at $2,491,000 after purchasing an additional 15,868 shares during the last quarter. SG Americas Securities LLC increased its position in Sandstorm Gold by 10.4% during the first quarter. SG Americas Securities LLC now owns 102,287 shares of the company’s stock worth $537,000 after buying an additional 9,642 shares in the last quarter. Hosking Partners LLP acquired a new position in shares of Sandstorm Gold in the first quarter worth $2,142,000. Pullen Investment Management LLC purchased a new stake in shares of Sandstorm Gold in the first quarter valued at $559,000. Finally, BNP Paribas Financial Markets boosted its stake in shares of Sandstorm Gold by 28.0% during the first quarter. BNP Paribas Financial Markets now owns 76,831 shares of the company’s stock valued at $403,000 after acquiring an additional 16,812 shares during the last quarter. 51.97% of the stock is owned by institutional investors and hedge funds.

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.