Sandstorm Gold Ltd. (NYSE:SAND – Get Rating) – Equity analysts Raymond James lowered their third quarter 2022 earnings per share estimates for Sandstorm Gold shares in a research note released to investors on Wednesday, July 13. Raymond James analyst B. Macarthur now expects the company to post earnings of $0.03 per share for the quarter, down from its previous forecast of $0.04. Raymond James has an “outperform” rating and a price target of $9.75 on the stock. The consensus estimate of Sandstorm Gold’s current annual earnings is $0.19 per share. Raymond James also released estimates for Sandstorm Gold Q4 2022 earnings at $0.02 EPS, FY2022 earnings at $0.14 EPS, Q1 2023 earnings at $0.02 EPS, Q2 2023 earnings at $0.02 EPS, Q3 2023 earnings at $0.02 EPS and Q4 2023 earnings at $0.03 EPS. Sandstorm Gold (NYSE:SAND – Get Rating) last reported quarterly results on Wednesday, May 11. The company reported earnings per share (EPS) of $0.05 for the quarter, missing analyst consensus estimates of $0.06 per ($0.01). Sandstorm Gold had a net margin of 26.67% and a return on equity of 5.23%. The company had revenue of $35.37 million for the quarter.
SAND has been the subject of a number of other research reports. Royal Bank of Canada reiterated an “industry performance” rating and set a target price of $7.50 (down from $8.50 previously) on Sandstorm Gold shares in a Thursday 23 report. June. National Bank Financial raised its target price on Sandstorm Gold from CA$10.00 to CA$12.50 in a Wednesday, April 20 report. StockNews.com downgraded Sandstorm Gold’s rating from a “held” rating to a “sell” rating in a report released Wednesday. HC Wainwright reissued a “buy” rating and issued a $14.75 price target on Sandstorm Gold shares in a research report on Tuesday, May 3. Finally, Canaccord Genuity Group raised its price target on Sandstorm Gold from C$12.50 to C$13.50 and gave the stock a “buy” rating in a Tuesday, May 3 research report. . One analyst gave the stock a sell rating, one gave the company a hold rating and seven gave the company a buy rating. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $11.75.
SAND stock opened at $5.56 on Friday. Sandstorm Gold has a fifty-two week low of $5.30 and a fifty-two week high of $9.18. The company’s 50-day moving average price is $6.32 and its two-hundred-day moving average price is $6.90. The company has a market capitalization of $1.07 billion, a price-earnings ratio of 34.75 and a beta of 1.04.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 29. Investors of record on Tuesday, July 19 will receive a dividend of $0.016. The ex-dividend date is Monday, July 18. This represents an annualized dividend of $0.06 and a yield of 1.15%. Sandstorm Gold’s dividend payout ratio (DPR) is currently 37.50%.
A number of hedge funds have recently increased or reduced their stakes in SAND. Phoenix Holdings Ltd. bought a new position in Sandstorm Gold in Q1 worth approximately $31,325,000. Van ECK Associates Corp increased its position in Sandstorm Gold by 6.5% in Q1. Van ECK Associates Corp now owns 20,290,035 shares of the company valued at $163,943,000 after acquiring an additional 1,246,469 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its position in Sandstorm Gold by 27.2% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,896,500 shares of the company valued at $23,348,000 after acquiring an additional 618,900 shares last quarter. BNP Paribas Arbitrage SA increased its stake in Sandstorm Gold by 4,023.6% during the 4th quarter. BNP Paribas Arbitrage SA now owns 387,038 shares in the company valued at $2,400,000 after purchasing an additional 377,652 shares in the last quarter. Finally, Assenagon Asset Management SA acquired a new stake in Sandstorm Gold during the 1st quarter for a value of $1,650,000. 40.33% of the shares are currently held by institutional investors and hedge funds.
Sandstorm Gold Company Profile (Get a rating)
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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