Sandstorm Gold Ltd (SAND) said after close Monday that it broke even in quarter three 2023.
On the revenue line, the company reported $41.3 million, missing estimates by $76 thousand.
In the same quarter a year ago, the company earned $0.13 per share on revenue of $39 million.
The stock is down 6.25% to $4.50 after the report.
The firm's lower revenue growth to earnings signals that the firm has been able to reduce costs and improve its profit margin overall.
The average recommendation from Wall Street analysts was a Strong Buy which may get revised based on this new data.
Trading in the five days leading up to the report earned Sandstorm Gold Ltd a Bullish Sentiment Rank from InvestorsObserver.
Prior to the report, InvestorsObserver gave the stock an overall score of 52. Meanwhile, the average Wall Street analyst rated the stock a Strong Buy.
Sandstorm Gold Ltd provides financing to companies engaged in gold mining through gold stream and royalty. Geographically, the company has operational footprints in North America, South & Central America, Africa, and Asia & Australia. The firm's royalties include Hod Maden, Santa Elena, Chapada, and Cerro Moro.
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Sandstorm Gold Ltd Down 6.25% To $4.50 After Earnings Miss
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