Sandstorm Gold Ltd. Forecasted to Post Q1 2024 Earnings of $0.03 Per Share (TSE:SSL)

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

SSL has been the topic of a number of other reports. CIBC increased their target price on shares of Sandstorm Gold from C$8.00 to C$9.00 in a report on Monday, April 15th. TD Securities decreased their target price on shares of Sandstorm Gold from C$8.00 to C$7.00 and set a “buy” rating for the company in a research report on Wednesday, February 14th. Finally, Canaccord Genuity Group increased their target price on shares of Sandstorm Gold from C$10.00 to C$10.50 in a research report on Tuesday.

Sandstorm Gold Stock Up 1.6 %

Shares of TSE:SSL opened at C$7.49 on Wednesday. The stock has a market capitalization of C$2.23 billion, a price-to-earnings ratio of 39.42, a price-to-earnings-growth ratio of 0.90 and a beta of 1.03. Sandstorm Gold has a 1-year low of C$5.36 and a 1-year high of C$8.38. The company’s fifty day moving average is C$6.65 and its two-hundred day moving average is C$6.51. The company has a debt-to-equity ratio of 29.92, a quick ratio of 1.17 and a current ratio of 3.32.

Sandstorm Gold (TSE:SSL) last issued its earnings results on Thursday, February 15th. The company reported C$0.11 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.03 by C$0.08. The company had revenue of C$60.59 million for the quarter, compared to analysts’ expectations of C$62.51 million. Sandstorm Gold had a net margin of 23.22% and a return on equity of 2.95%.

Insider Activity

In other Sandstorm Gold news, Director Nolan Allan Watson acquired 27,200 shares of Sandstorm Gold stock in a transaction dated Monday, April 15th. The stock was bought at an average price of C$7.33 per share, for a total transaction of C$199,376.00. Insiders own 1.22% of the company’s stock.

Sandstorm Gold Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 26th. Stockholders 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 dividend yield of 1.07%. Sandstorm Gold’s dividend payout ratio (DPR) is 42.11%.

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.