Sandstorm Gold (SAND) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
SAND's preliminary revenues dip 2% year over year in 2024 due to lower attributable gold-equivalent ounces sold.
SAND provides updates on key development projects, highlighting milestones and progress across its portfolio of streaming and royalty assets.
Sandstorm Gold Ltd. (NYSE:SAND ) Q3 2024 Earnings Conference Call November 8, 2024 11:30 AM ET Company Participants Nolan Watson - CEO Erfan Kazemi - CFO David Awram - Co-Founder and SVP Conference Call Participants Heiko Ihle - H.C Wainwright Derick Ma - TD Cowen Brian McArthur - Raymond James Operator Good morning.
The average of price targets set by Wall Street analysts indicates a potential upside of 25.4% in Sandstorm Gold (SAND). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.
Sandstorm Gold offers a unique investment opportunity with a diversified portfolio of over 200 streams and royalties, benefiting from rising gold and silver prices. Despite shares falling over the past 5 years, Sandstorm's shares are up 15.51% this year, supported by high gold prices and a strong future development pipeline. Sandstorm's Q2 results show a record cash operating margin of $2,042 per ounce, with significant future growth expected from projects like Greenstone, Antamina, Hod Maden, and MARA.
The consensus price target hints at a 27.8% upside potential for Sandstorm Gold (SAND). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.
SAND provides updates on key development projects, highlighting significant milestones and progress across its portfolio of streaming and royalty assets.
We generally don't like investing in gold due to its long history of underperforming equity indices. That said, if you simply must have some in your portfolio, we think SAND is the stock to buy. The company has multiple avenues of potential capital appreciation in front of it, as debt gets paid down and new mines come online.
Sandstorm Gold Ltd. (NYSE:SAND ) Q2 2024 Earnings Conference Call August 2, 2024 11:30 AM ET Company Participants Nolan Watson - CEO Erfan Kazemi - CFO David Awram - Co-Founder and SVP Conference Call Participants Heiko Ihle - H.C Wainwright Derick Ma - TD Cowen Brian McArthur - Raymond James Operator Good morning.
Sandstorm Gold (SAND) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).
Sandstorm Gold (SAND) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.