FY2024 EPS Estimates for Sandstorm Gold Raised by Analyst

Sandstorm Gold Ltd. (TSE:SSL) – National Bank Financial lifted their FY2024 earnings per share estimates for shares of Sandstorm Gold in a report released on Monday, February 10th. National Bank Financial analyst S. Nagle now forecasts that the company will earn $0.14 per share for the year, up from their previous estimate of $0.13. The consensus estimate for Sandstorm Gold’s current full-year earnings is $0.23 per share. National Bank Financial also issued estimates for Sandstorm Gold’s Q4 2024 earnings at $0.09 EPS.

A number of other equities analysts have also commented on SSL. CIBC lifted their price target on shares of Sandstorm Gold from C$9.50 to C$10.00 in a research report on Friday, November 8th. Stifel Nicolaus raised their target price on shares of Sandstorm Gold from C$10.25 to C$11.00 in a research note on Monday, October 21st. Finally, TD Securities boosted their target price on shares of Sandstorm Gold from C$10.00 to C$11.00 in a research report on Friday, October 18th.

Sandstorm Gold Stock Down 0.4 %

SSL opened at C$9.22 on Wednesday. The firm has a market cap of C$2.74 billion, a P/E ratio of 65.86, a price-to-earnings-growth ratio of 0.90 and a beta of 1.11. 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 business has a 50 day moving average price of C$8.21 and a 200 day moving average price of C$8.04. Sandstorm Gold has a twelve month low of C$5.36 and a twelve month high of C$9.33.

Insider Activity at Sandstorm Gold

In other news, Director David Awram sold 50,000 shares of Sandstorm Gold stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of C$8.06, for a total transaction of C$403,000.00. Corporate insiders own 1.20% of the company’s stock.

Sandstorm Gold Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Friday, January 31st were paid a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a yield of 0.87%. The ex-dividend date of this dividend was Tuesday, January 21st. Sandstorm Gold’s 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.