Sandstorm Gold Ltd. (NYSE:SAND) Forecasted to Earn Q1 2023 Earnings of $0.05 Per Share

Sandstorm Gold Ltd. (NYSE:SAND – Get Rating) – Equities researchers at Raymond James issued their Q1 2023 earnings per share (EPS) estimates for Sandstorm Gold in a research report issued on Tuesday, April 19th. Raymond James analyst B. Macarthur anticipates that the company will post earnings per share of $0.05 for the quarter. Raymond James currently has a “Outperform” rating and a $9.50 target price on the stock. Raymond James also issued estimates for Sandstorm Gold’s Q2 2023 earnings at $0.05 EPS, Q3 2023 earnings at $0.04 EPS, Q4 2023 earnings at $0.04 EPS and FY2023 earnings at $0.18 EPS.

Sandstorm Gold (NYSE:SAND – Get Rating) last released its earnings results on Thursday, February 17th. The company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.01). Sandstorm Gold had a return on equity of 4.49% and a net margin of 24.05%. The business had revenue of $29.82 million for the quarter.

A number of other brokerages have also recently commented on SAND. Royal Bank of Canada upgraded Sandstorm Gold from an “underperform” rating to a “sector perform” rating and increased their price target for the company from $6.50 to $7.00 in a research note on Friday, February 18th. Stifel Nicolaus increased their price target on Sandstorm Gold from C$13.50 to C$14.00 in a research note on Tuesday, February 22nd. TD Securities increased their price target on Sandstorm Gold from C$11.00 to C$11.50 in a research note on Tuesday, February 22nd. National Bank Financial increased their price target on Sandstorm Gold from C$10.00 to C$12.50 in a research note on Wednesday. Finally, StockNews.com initiated coverage on Sandstorm Gold in a research note on Thursday, March 31st. They issued a “hold” rating for the company. One research analyst has rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Buy” and an average target price of $11.25.

Shares of SAND opened at $8.02 on Thursday. Sandstorm Gold has a 52 week low of $5.30 and a 52 week high of $9.31. The stock has a market capitalization of $1.54 billion, a price-to-earnings ratio of 57.29 and a beta of 1.01. The stock has a fifty day moving average of $7.97 and a 200-day moving average of $6.82.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 29th. Stockholders of record on Tuesday, April 19th will be given a $0.016 dividend. This represents a $0.06 annualized dividend and a dividend yield of 0.80%. The ex-dividend date is Monday, April 18th. Sandstorm Gold’s dividend payout ratio (DPR) is presently 42.86%.

Several hedge funds have recently bought and sold shares of the company. Creative Financial Designs Inc. ADV increased its position in Sandstorm Gold by 269.5% in the 1st quarter. Creative Financial Designs Inc. ADV now owns 14,412 shares of the company’s stock valued at $116,000 after buying an additional 10,512 shares in the last quarter. Bar Harbor Trust Services increased its position in Sandstorm Gold by 2.6% in the 1st quarter. Bar Harbor Trust Services now owns 1,034,380 shares of the company’s stock valued at $8,358,000 after buying an additional 25,805 shares in the last quarter. Meixler Investment Management Ltd. bought a new stake in Sandstorm Gold in the 4th quarter valued at about $110,000. Vident Investment Advisory LLC increased its position in Sandstorm Gold by 66.6% in the 4th quarter. Vident Investment Advisory LLC now owns 29,507 shares of the company’s stock valued at $183,000 after buying an additional 11,799 shares in the last quarter. Finally, Virtu Financial LLC bought a new stake in Sandstorm Gold in the 4th quarter valued at about $87,000. 39.79% of the stock is owned by hedge funds and other institutional investors.

About Sandstorm Gold (Get Rating)

Sandstorm Gold Ltd. operates as a gold royalty company. It focuses on acquiring gold and other metal purchase agreements and royalties from companies that have advanced stage development projects or operating mines. The company offers upfront payments for companies to acquire a gold 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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