SAND Earnings Prediction
The chart below shows how SAND performed 10 days before and after its earnings report, based on data from the past quarters. Typically, SAND sees a +1.20% change in stock price 10 days leading up to the earnings, and a -2.23% change 10 days following the report. On the earnings day itself, the stock moves by -0.31%. This data can give you a slight idea of what to expect for the next quarter's release.
SAND Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
44.70M
8.16%
8.03%
Gross Margin
57.14%
15.76%
6.47%
Operating Margin
44.91%
19.41%
-2.98%
Net Margin
12.96%
43100.00%
-48.94%
EPS
0.02
--
-33.33%
No Data Available
SAND Earnings Analysis
Sandstorm Gold Ltd Corporation (SAND.N) Earnings Conference Call
Positive
Record Cash Operating Margins: 1. Record Operating Margins: Sandstorm Gold achieved cash operating margins of $2,215 per ounce in Q3 2024, marking a record for the second consecutive quarter, driven by higher prices for gold, silver, and copper.
Revenue Recognition Increase: 2. Increased Revenue: The company recognized revenues of $44.7 million for Q3 2024, supported by higher commodity prices, with $26.7 million attributable to streaming contracts and $18 million from royalties.
Debt Repayment Acceleration: 3. Debt Reduction Progress: Sandstorm reduced its debt to $369 million as of early Q4 2024, with an additional $10 million repaid in the first five weeks of Q4, indicating an accelerating pace of debt repayment.
Future Gold Production Estimates: 4. Production Growth Forecast: The company anticipates attributable gold equivalent ounces for 2024 to be between 70,000 and 75,000, with expectations to reach approximately 125,000 ounces within the next five years based on existing streams and royalties.
Share Repurchase Impact: 5. Share Repurchase Program: In Q3 2024, Sandstorm repurchased $5.2 million of its shares at an average price of $5.50 per share, effectively reducing the share float and enhancing shareholder value.
Negative
Gold Production Decline: 1. Lower Gold Equivalent Production: Attributable production for Q3 was approximately 17,400 gold equivalent ounces, which was lower than the anticipated 20,300 ounces due to higher gold prices affecting the conversion of other metals into gold equivalent ounces.
Debt Repayment Challenges: 2. Debt Repayment Slowed: The company made net repayments of only $9 million on its revolving credit facility during Q3, which was slower than in past quarters, indicating potential cash flow constraints.
Working Capital Challenges: 3. Working Capital Impact: Non-cash working capital issues reduced operating cash flows by $4.5 million in Q3, highlighting operational inefficiencies that affected cash generation.
Production Guidance Adjustment: 4. Production Guidance Reduction: Despite high gold prices, the updated production guidance for the year was lowered to between 70,000 and 75,000 ounces, reflecting ongoing challenges in production ramp-up.
Investor Knowledge Gap: 5. Market Perception Issues: The company faces a material knowledge gap among investors regarding its key development assets, which has contributed to a discount in its market valuation compared to peers.
SAND FAQs
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SAND Earning Call Sentiment
Sandstorm Gold Ltd. (SAND) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
SAND.N
-3.39%Positive
The earnings call presents a mixed sentiment. Financial performance is strong with increased revenue and margins, but production challenges and legacy debt concerns persist. The share buyback and dividend payments are positive, yet uncertainties in project execution and regulatory pressures in Argentina weigh negatively. The Q&A shows management's cautious approach towards risk and capital allocation, with no significant new partnerships or guidance changes. Given the company's market cap, the stock price is likely to remain stable, resulting in a neutral prediction (-2% to 2%) over the next two weeks.
