Sandstorm Gold Q3 EPS Boosted by National Bank Financial

Sandstorm Gold Ltd. (TSE:SSL) – National Bank Financial increased their Q3 2024 earnings per share estimates for Sandstorm Gold in a research note issued to investors on Tuesday, October 22nd. National Bank Financial analyst S. Nagle now anticipates that the company will post earnings per share of $0.06 for the quarter, up from their prior forecast of $0.04. The consensus estimate for Sandstorm Gold’s current full-year earnings is $0.23 per share.

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

Other analysts have also issued research reports about the company. Stifel Nicolaus increased their price objective on Sandstorm Gold from C$10.25 to C$11.00 in a report on Monday. TD Securities increased their price target on Sandstorm Gold from C$10.00 to C$11.00 in a research note on Friday, October 18th. Canaccord Genuity Group boosted their price target on Sandstorm Gold from C$10.50 to C$11.00 in a research note on Tuesday, July 23rd. Finally, CIBC upped their price objective on shares of Sandstorm Gold from C$9.00 to C$9.50 in a report on Wednesday, July 10th.

Sandstorm Gold Price Performance

Shares of SSL opened at C$8.85 on Thursday. The company has a 50 day moving average of C$7.96 and a two-hundred day moving average of C$7.74. The company has a quick ratio of 1.17, a current ratio of 1.99 and a debt-to-equity ratio of 26.63. Sandstorm Gold has a twelve month low of C$5.36 and a twelve month high of C$8.98. The company has a market cap of C$2.63 billion, a price-to-earnings ratio of 63.21, a price-to-earnings-growth ratio of 0.90 and a beta of 1.11.

Sandstorm Gold Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 25th. Shareholders of record on Friday, October 25th will be given 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 0.90%. Sandstorm Gold’s dividend payout ratio is currently 57.14%.

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.