Analyst Estimates: Here's What Brokers Think Of Sandstorm Gold Ltd. (TSE:SSL) After Its First-Quarter Report

Yahoo

09-05-2025

Investors in Sandstorm Gold Ltd. (TSE:SSL) had a good week, as its shares rose 2.5% to close at CA$11.90 following the release of its first-quarter results. Revenues came in 4.4% below expectations, at US$48m. Statutory earnings per share were relatively better off, with a per-share profit of US$0.038 being roughly in line with analyst estimates. The analysts typically update their forecasts at each earnings report, and we can judge from their estimates whether their view of the company has changed or if there are any new concerns to be aware of. We thought readers would find it interesting to see the analysts latest (statutory) post-earnings forecasts for next year.
We check all companies for important risks. See what we found for Sandstorm Gold in our free report.
Taking into account the latest results, the consensus forecast from Sandstorm Gold's six analysts is for revenues of US$203.6m in 2025. This reflects a decent 11% improvement in revenue compared to the last 12 months. Per-share earnings are expected to jump 122% to US$0.22. In the lead-up to this report, the analysts had been modelling revenues of US$195.6m and earnings per share (EPS) of US$0.19 in 2025. There's been a pretty noticeable increase in sentiment, with the analysts upgrading revenues and making a substantial gain in earnings per share in particular.
View our latest analysis for Sandstorm Gold
Althoughthe analysts have upgraded their earnings estimates, there was no change to the consensus price target of CA$13.75, suggesting that the forecast performance does not have a long term impact on the company's valuation. There's another way to think about price targets though, and that's to look at the range of price targets put forward by analysts, because a wide range of estimates could suggest a diverse view on possible outcomes for the business. Currently, the most bullish analyst values Sandstorm Gold at CA$16.50 per share, while the most bearish prices it at CA$9.50. As you can see, analysts are not all in agreement on the stock's future, but the range of estimates is still reasonably narrow, which could suggest that the outcome is not totally unpredictable.
One way to get more context on these forecasts is to look at how they compare to both past performance, and how other companies in the same industry are performing. We can infer from the latest estimates that forecasts expect a continuation of Sandstorm Gold'shistorical trends, as the 15% annualised revenue growth to the end of 2025 is roughly in line with the 16% annual growth over the past five years. Compare this with the broader industry, which analyst estimates (in aggregate) suggest will see revenues grow 15% annually. So although Sandstorm Gold is expected to maintain its revenue growth rate, it's only growing at about the rate of the wider industry.
The biggest takeaway for us is the consensus earnings per share upgrade, which suggests a clear improvement in sentiment around Sandstorm Gold's earnings potential next year. There was also an upgrade to revenue estimates, although as we saw earlier, forecast growth is only expected to be about the same as the wider industry. The consensus price target held steady at CA$13.75, with the latest estimates not enough to have an impact on their price targets.
With that said, the long-term trajectory of the company's earnings is a lot more important than next year. We have forecasts for Sandstorm Gold going out to 2027, and you can see them free on our platform here.
It might also be worth considering whether Sandstorm Gold's debt load is appropriate, using our debt analysis tools on the Simply Wall St platform, here.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.