Equities Analysts Offer Predictions for Sandstorm Gold Ltd.’s FY2024 Earnings (NYSE:SAND)


Sandstorm Gold Ltd. (NYSE:SANDFree Report) – Research analysts at HC Wainwright issued their FY2024 earnings estimates for shares of Sandstorm Gold in a research note issued to investors on Wednesday, April 10th. HC Wainwright analyst H. Ihle expects that the company will post earnings per share of $0.09 for the year. The consensus estimate for Sandstorm Gold’s current full-year earnings is $0.06 per share.

Sandstorm Gold Stock Performance

SAND opened at $5.45 on Thursday. The company has a debt-to-equity ratio of 0.30, a current ratio of 3.32 and a quick ratio of 3.32. The firm has a fifty day moving average price of $4.71 and a 200 day moving average price of $4.75. Sandstorm Gold has a 1 year low of $3.96 and a 1 year high of $6.31. The stock has a market cap of $1.62 billion, a P/E ratio of 38.93 and a beta of 1.10.

Sandstorm Gold (NYSE:SANDGet Free Report) last released its earnings results on Thursday, February 15th. The company reported $0.08 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.06. The company had revenue of $44.50 million for the quarter, compared to the consensus estimate of $46.30 million. Sandstorm Gold had a net margin of 23.22% and a return on equity of 2.89%.

Hedge Funds Weigh In On Sandstorm Gold

A number of large investors have recently added to or reduced their stakes in the stock. Moneta Group Investment Advisors LLC grew its holdings in shares of Sandstorm Gold by 100,345.3% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 25,063,118 shares of the company’s stock worth $131,832,000 after buying an additional 25,038,166 shares in the last quarter. American Century Companies Inc. grew its holdings in shares of Sandstorm Gold by 1,787.2% during the third quarter. American Century Companies Inc. now owns 1,049,830 shares of the company’s stock worth $4,893,000 after buying an additional 994,200 shares in the last quarter. Amundi grew its holdings in shares of Sandstorm Gold by 34.6% during the fourth quarter. Amundi now owns 3,009,150 shares of the company’s stock worth $17,122,000 after buying an additional 773,370 shares in the last quarter. Van ECK Associates Corp grew its holdings in shares of Sandstorm Gold by 2.3% during the fourth quarter. Van ECK Associates Corp now owns 28,838,800 shares of the company’s stock worth $145,059,000 after buying an additional 657,177 shares in the last quarter. Finally, Cubist Systematic Strategies LLC grew its holdings in shares of Sandstorm Gold by 539.9% during the second quarter. Cubist Systematic Strategies LLC now owns 746,061 shares of the company’s stock worth $4,439,000 after buying an additional 629,479 shares in the last quarter. 51.97% of the stock is currently owned by institutional investors and hedge funds.

Sandstorm Gold Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 26th. Shareholders of record on Tuesday, April 16th will be given a dividend of $0.0147 per share. This represents a $0.06 dividend on an annualized basis and a yield of 1.08%. The ex-dividend date is Monday, April 15th. Sandstorm Gold’s dividend payout ratio is presently 28.57%.

About Sandstorm Gold

(Get Free Report)

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.

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Earnings History and Estimates for Sandstorm Gold (NYSE:SAND)



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