Brokers Offer Predictions for Sandstorm Gold Ltd.’s Q2 2024 Earnings (TSE:SSL)

Sandstorm Gold Ltd. (TSE:SSL) – Research analysts at Cormark issued their Q2 2024 earnings estimates for Sandstorm Gold in a research note issued to investors on Wednesday, July 24th. 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 $0.10 per share.

Sandstorm Gold (TSE:SSL) last released its earnings results on Thursday, May 2nd. The company reported C($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.02 by C($0.03). The firm had revenue of C$57.72 million for the quarter, compared to the consensus estimate of C$58.92 million. Sandstorm Gold had a return on equity of 1.60% and a net margin of 12.24%.

A number of other equities analysts also recently weighed in on the company. TD Securities upped their price target on Sandstorm Gold from C$9.50 to C$10.00 in a research report on Monday, July 22nd. CIBC increased their target price on shares of Sandstorm Gold from C$9.00 to C$9.50 in a report on Wednesday, July 10th. National Bankshares lifted their price target on shares of Sandstorm Gold from C$8.50 to C$8.75 in a research note on Monday, May 6th. Finally, Canaccord Genuity Group boosted their price target on shares of Sandstorm Gold from C$10.50 to C$11.00 in a research report on Tuesday, July 23rd.

Sandstorm Gold Price Performance

TSE:SSL opened at C$7.74 on Friday. The stock has a 50-day simple moving average of C$7.69 and a 200 day simple moving average of C$7.05. Sandstorm Gold has a 52-week low of C$5.36 and a 52-week high of C$8.29. The company has a market cap of C$2.31 billion, a PE ratio of 70.36, a PEG ratio of 0.90 and a beta of 1.08. The company has a debt-to-equity ratio of 30.37, a quick ratio of 1.17 and a current ratio of 2.26.

Sandstorm Gold Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 26th. Stockholders of record on Friday, July 26th were given a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a dividend yield of 1.03%. The ex-dividend date of this dividend was Tuesday, July 16th. Sandstorm Gold’s dividend payout ratio (DPR) is presently 72.73%.

Insider Activity

In other Sandstorm Gold news, Director David E. De Witt sold 28,900 shares of the business’s stock in a transaction that occurred on Tuesday, May 28th. The stock was sold at an average price of C$8.04, for a total transaction of C$232,211.50. 1.22% of the stock is owned by insiders.

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.