National Bank Financial examines the results of the first quarter of 2022 of Sandstorm Gold Ltd. (TSE: SSL)


Sandstorm Gold Ltd. (IS: SSLGet a rating) – National Bank Financial research analysts released their first quarter 2022 earnings per share (EPS) estimates for Sandstorm Gold shares in a note issued to investors on Tuesday, April 19. National Bank Financial analyst S. Nagle expects the company to post earnings of $0.08 per share for the quarter.

Golden sandstorm (IS: SSLGet a rating) last reported results on Thursday, February 17. The company reported earnings per share (EPS) of C$0.05 for the quarter, missing Thomson Reuters consensus estimate of C$0.06 by C$0.01. The company had revenue of C$37.60 million for the quarter.

Other research analysts have also recently published research reports on the stock. National Bankshares raised its target price on Sandstorm Gold shares from C$10.00 to C$12.50 in a research note on Wednesday. Raymond James upgraded Sandstorm Gold to a “buy” rating and set a C$9.50 price target for the stock in a Friday, February 18 research report. Canaccord Genuity Group upgraded Sandstorm Gold to “buy” rating and set a target price of C$10.50 for the company in a Monday, February 21 research report. TD Securities raised its target price on Sandstorm Gold from C$11.00 to C$11.50 in a Tuesday, February 22 research note. Finally, HC Wainwright reworded a “buy” rating and issued a C$14.75 price target on Sandstorm Gold shares in a Wednesday, April 6 research note. Three equity research analysts gave the stock a hold rating and nine gave the company a buy rating. According to MarketBeat data, Sandstorm Gold has an average buy rating and a consensus target price of C$11.10.

SSL opened at C$10.35 on Friday. The company has a 50-day simple moving average of C$10.03 and a 200-day simple moving average of C$8.57. The company has a debt ratio of 0.44, a current ratio of 4.57 and a quick ratio of 3.85. The company has a market capitalization of C$1.99 billion and a P/E ratio of 58.47. Sandstorm Gold has a 1-year low of C$6.86 and a 1-year high of C$11.61.

Separately, director David Awram sold 65,700 shares of the company in a transaction dated Thursday, February 24. The shares were sold at an average price of CA$9.00, for a total value of CA$591,483.96. As a result of the sale, the administrator now directly owns 332,040 shares of the company, valued at approximately C$2,989,289.71. In the past ninety days, insiders have sold 188,500 shares of the company worth $1,671,249.

The company also recently declared a quarterly dividend, which will be paid on Friday, April 29. Investors of record on Friday, April 29 will receive a dividend of $0.02. This represents an annualized dividend of $0.08 and a yield of 0.77%. The ex-dividend date is Monday, April 18. Sandstorm Gold’s dividend payout ratio is currently 45.20%.

About Sandstorm Gold (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.

Further reading

Earnings history and estimates for Sandstorm Gold (TSE:SSL)

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