HC Wainwright Raises Earnings Estimates for Sandstorm Gold

Sandstorm Gold Ltd. (NYSE:SAND) – Stock analysts at HC Wainwright upped their FY2025 earnings per share estimates for shares of Sandstorm Gold in a note issued to investors on Thursday, May 8th. HC Wainwright analyst H. Ihle now expects that the company will post earnings per share of $0.11 for the year, up from their prior estimate of $0.08. HC Wainwright currently has a “Buy” rating and a $11.75 price target on the stock. The consensus estimate for Sandstorm Gold’s current full-year earnings is $0.18 per share.

Sandstorm Gold (NYSE:SAND) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.05 by ($0.01). The business had revenue of $50.10 million for the quarter, compared to analysts’ expectations of $71.61 million. Sandstorm Gold had a return on equity of 0.98% and a net margin of 8.11%.

A number of other brokerages have also recently issued reports on SAND. Scotiabank raised their price objective on Sandstorm Gold from $7.25 to $8.25 and gave the company a “sector perform” rating in a research note on Monday, April 14th. Royal Bank of Canada raised their price target on Sandstorm Gold from $6.50 to $7.00 and gave the stock an “outperform” rating in a research report on Friday, April 4th. StockNews.com downgraded Sandstorm Gold from a “buy” rating to a “hold” rating in a research report on Tuesday. Finally, Raymond James set a $9.75 target price on shares of Sandstorm Gold and gave the stock an “outperform” rating in a report on Wednesday, May 7th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $9.25.

Sandstorm Gold Price Performance

SAND stock opened at $8.11 on Monday. The firm has a market cap of $2.38 billion, a P/E ratio of 162.23 and a beta of 0.48. The firm’s fifty day moving average is $7.65 and its 200 day moving average is $6.48. Sandstorm Gold has a 52 week low of $4.92 and a 52 week high of $8.91. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.29 and a current ratio of 1.95.

Institutional Trading of Sandstorm Gold

Institutional investors and hedge funds have recently bought and sold shares of the stock. Cantor Fitzgerald L. P. purchased a new position in shares of Sandstorm Gold during the 4th quarter worth approximately $56,000. Lifeworks Advisors LLC bought a new stake in shares of Sandstorm Gold during the fourth quarter valued at approximately $57,000. Meixler Investment Management Ltd. bought a new stake in shares of Sandstorm Gold during the fourth quarter valued at approximately $66,000. JTC Employer Solutions Trustee Ltd purchased a new stake in Sandstorm Gold in the fourth quarter worth $72,000. Finally, Bank of New York Mellon Corp raised its holdings in Sandstorm Gold by 21.0% in the fourth quarter. Bank of New York Mellon Corp now owns 13,897 shares of the company’s stock worth $78,000 after purchasing an additional 2,416 shares in the last quarter. 51.97% of the stock is currently owned by hedge funds and other institutional investors.

Sandstorm Gold Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 25th. Shareholders of record on Monday, April 14th were given a dividend of $0.014 per share. This represents a $0.06 dividend on an annualized basis and a yield of 0.69%. The ex-dividend date was Monday, April 14th. Sandstorm Gold’s payout ratio is currently 50.00%.

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.