Sandstorm Gold Ltd. expected to earn $0.13 per share in fiscal 2023 (NYSE: SAND)


Sandstorm Gold Ltd. (NYSE:SAND – Get Rating) – Equity research analysts Cormark released their fiscal year 2023 earnings estimates for Sandstorm Gold shares in a research note released Monday, August 15. Cormark analyst N. Dion expects the company to earn $0.13 per share for the year. The consensus estimate of Sandstorm Gold’s current annual earnings is $0.17 per share.

Sandstorm Gold (NYSE:SAND – Get Rating) last released its quarterly results on Thursday, August 11. The company reported earnings per share (EPS) of $0.06 for the quarter, beating analyst consensus estimates of $0.05 by $0.01. The company had revenue of $35.97 million in the quarter. Sandstorm Gold had a net margin of 48.82% and a return on equity of 5.75%.

A number of other analysts have also released reports on the stock. National Bank Financial began covering Sandstorm Gold shares in a research report on Tuesday. They gave the company an “outperform” rating. Stifel Nicolaus reduced his target price on Sandstorm Gold from CA$14.00 to CA$13.50 in a Wednesday, July 20 research report. Royal Bank of Canada reissued an “industry performance” rating and set a price target of $7.50 (from $8.50) on Sandstorm Gold shares in a Thursday, June 23 report. TD Securities raised its price target on Sandstorm Gold from C$10.00 to C$10.50 in a report on Tuesday. Finally, StockNews.com upgraded Sandstorm Gold from a “sell” rating to a “hold” rating in a Thursday, July 21 research report. Two analysts gave the stock a hold rating and seven gave the stock a buy rating. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $11.53.

Sandstorm gold trades up 1.5%

Sandstorm Gold shares opened at $6.20 on Tuesday. The company’s 50-day moving average price is $5.99 and its two-hundred-day moving average price is $6.87. Sandstorm Gold has a 52-week low of $5.30 and a 52-week high of $9.18. The stock has a market capitalization of $1.28 billion, a PE ratio of 19.38 and a beta of 0.98.

Institutional entries and exits

A number of large investors have recently shifted their SAND holdings. Acadian Asset Management LLC bought a new stake in shares of Sandstorm Gold in the first quarter worth $25,000. CoreCap Advisors LLC bought a new stake in shares of Sandstorm Gold in Q2 valued at around $43,000. Aire Advisors LLC bought a new position in Sandstorm Gold during Q2 worth approximately $65,000. Northern Trust Corp bought a new position in shares of Sandstorm Gold during the 2nd quarter for a value of approximately $72,000. Finally, Integrated Advisors Network LLC increased its stake in Sandstorm Gold shares by 16.2% in the 2nd quarter. Integrated Advisors Network LLC now owns 12,900 shares of the company worth $77,000 after purchasing an additional 1,800 shares in the last quarter. Institutional investors hold 40.33% of the company’s shares.

Sandstorm Gold Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 29. Shareholders of record on Tuesday, July 19 received a dividend of $0.016. The ex-dividend date was Monday, July 18. This represents a dividend of $0.06 on an annualized basis and a yield of 1.03%. Sandstorm Gold’s dividend payout ratio (DPR) is currently 18.75%.

About Sandstorm Gold

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Sandstorm Gold Ltd. operates as a gold royalty company. The Company is focused on acquiring royalties and contracts to purchase gold and other metals (streams) from companies that have late-stage development projects or operating mines. It offers upfront payments to companies to acquire a stream or royalty and receives the right to purchase a percentage of a mine’s production for the life of the mine at a fixed price per unit or at a fixed percentage of the spot price.

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Earnings history and estimates for Sandstorm Gold (NYSE:SAND)



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