Sandstorm Gold (TSE:SSL) First Quarter 2024 Results
Key Financial Results
-
Revenue: US$42.8m (down 2.7% from 1Q 2023).
-
Net loss: US$4.20m (down by 127% from US$15.7m profit in 1Q 2023).
-
US$0.014 loss per share (down from US$0.052 profit in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Sandstorm Gold Revenues Beat Expectations, EPS Falls Short
Revenue exceeded analyst estimates by 3.7%. Earnings per share (EPS) missed analyst estimates.
Looking ahead, revenue is forecast to stay flat during the next 3 years compared to a 12% growth forecast for the Metals and Mining industry in Canada.
Performance of the Canadian Metals and Mining industry.
The company’s shares are down 3.5% from a week ago.
Risk Analysis
We don’t want to rain on the parade too much, but we did also find 2 warning signs for Sandstorm Gold that you need to be mindful of.
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.
Credit: Source link