Stifel Canada Comments on Sandstorm Gold Q3 Earnings

Sandstorm Gold Ltd. (TSE:SSL) – Stifel Canada issued their Q3 2024 earnings per share (EPS) estimates for shares of Sandstorm Gold in a report issued on Monday, October 21st. Stifel Canada analyst I. Rico expects that the company will post earnings per share of $0.04 for the quarter. The consensus estimate for Sandstorm Gold’s current full-year earnings is $0.23 per share. Stifel Canada also issued estimates for Sandstorm Gold’s FY2025 earnings at $0.28 EPS.

Sandstorm Gold (TSE:SSL) last announced its quarterly earnings results on Thursday, August 1st. The company reported C$0.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.03 by C$0.01. Sandstorm Gold had a return on equity of 2.15% and a net margin of 17.55%. The firm had revenue of C$56.61 million for the quarter, compared to the consensus estimate of C$55.48 million.

Several other research firms have also recently weighed in on SSL. CIBC boosted their price objective on shares of Sandstorm Gold from C$9.00 to C$9.50 in a report on Wednesday, July 10th. TD Securities boosted their target price on shares of Sandstorm Gold from C$10.00 to C$11.00 in a research note on Friday, October 18th. Stifel Nicolaus increased their price target on Sandstorm Gold from C$10.25 to C$11.00 in a report on Monday. Finally, Canaccord Genuity Group lifted their price objective on Sandstorm Gold from C$10.50 to C$11.00 in a report on Tuesday, July 23rd.

Sandstorm Gold Price Performance

Shares of TSE:SSL opened at C$8.96 on Wednesday. The business has a 50-day simple moving average of C$7.93 and a two-hundred day simple moving average of C$7.73. The company has a debt-to-equity ratio of 26.63, a quick ratio of 1.17 and a current ratio of 1.99. The firm has a market cap of C$2.66 billion, a price-to-earnings ratio of 64.00, a price-to-earnings-growth ratio of 0.90 and a beta of 1.11. Sandstorm Gold has a fifty-two week low of C$5.36 and a fifty-two week high of C$8.98.

Sandstorm Gold Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 25th. Shareholders of record on Friday, October 25th will be issued a dividend of $0.02 per share. The ex-dividend date of this dividend is Tuesday, October 15th. This represents a $0.08 dividend on an annualized basis and a yield of 0.89%. Sandstorm Gold’s dividend payout ratio is currently 57.14%.

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.