HC Wainwright Raises Earnings Estimates for Sandstorm Gold

Sandstorm Gold Ltd. (NYSE:SAND) – HC Wainwright boosted their FY2025 earnings estimates for shares of Sandstorm Gold in a research report issued to clients and investors on Monday, November 11th. HC Wainwright analyst H. Ihle now forecasts that the company will post earnings per share of $0.10 for the year, up from their previous forecast of $0.07. HC Wainwright currently has a “Buy” rating and a $12.00 target price on the stock. The consensus estimate for Sandstorm Gold’s current full-year earnings is $0.09 per share.

A number of other research analysts have also weighed in on the company. Royal Bank of Canada cut their price objective on Sandstorm Gold from $6.50 to $6.00 and set an “outperform” rating for the company in a research report on Tuesday, September 10th. StockNews.com upgraded Sandstorm Gold from a “hold” rating to a “buy” rating in a report on Friday, September 27th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $8.35.

Sandstorm Gold Stock Performance

SAND opened at $5.42 on Wednesday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.29 and a current ratio of 2.29. The stock has a market capitalization of $1.61 billion, a price-to-earnings ratio of 45.17 and a beta of 1.13. The company has a fifty day moving average of $5.98 and a 200 day moving average of $5.72. Sandstorm Gold has a fifty-two week low of $3.96 and a fifty-two week high of $6.50.

Sandstorm Gold (NYSE:SAND) last released its quarterly earnings data on Thursday, November 7th. The company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.01). Sandstorm Gold had a net margin of 20.46% and a return on equity of 2.44%. The company had revenue of $44.70 million for the quarter, compared to the consensus estimate of $44.70 million.

Sandstorm Gold Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 25th. Shareholders of record on Tuesday, October 15th were given a dividend of $0.015 per share. The ex-dividend date was Tuesday, October 15th. This is an increase from Sandstorm Gold’s previous quarterly dividend of $0.01. This represents a $0.06 dividend on an annualized basis and a yield of 1.11%. Sandstorm Gold’s dividend payout ratio is 50.00%.

Institutional Investors Weigh In On Sandstorm Gold

Several institutional investors have recently modified their holdings of the stock. Mad River Investors lifted its position in Sandstorm Gold by 1.6% in the second quarter. Mad River Investors now owns 192,069 shares of the company’s stock worth $1,045,000 after buying an additional 3,016 shares during the last quarter. Raymond James & Associates boosted its stake in shares of Sandstorm Gold by 1.1% during the 2nd quarter. Raymond James & Associates now owns 302,128 shares of the company’s stock worth $1,644,000 after purchasing an additional 3,319 shares during the period. Pullen Investment Management LLC grew its holdings in Sandstorm Gold by 3.2% during the 2nd quarter. Pullen Investment Management LLC now owns 109,976 shares of the company’s stock valued at $598,000 after purchasing an additional 3,442 shares during the last quarter. Oxbow Advisors LLC raised its position in Sandstorm Gold by 34.3% in the 2nd quarter. Oxbow Advisors LLC now owns 20,556 shares of the company’s stock worth $112,000 after purchasing an additional 5,254 shares during the period. Finally, Perritt Capital Management Inc. bought a new stake in Sandstorm Gold in the first quarter worth about $31,000. 51.97% of the stock is owned by institutional investors.

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.