Sandstorm Gold (NYSE:SAND – Get Free Report) will be issuing its quarterly earnings data after the market closes on Thursday, February 15th. Analysts expect the company to announce earnings of $0.02 per share for the quarter. Investors that wish to register for the company’s conference call can do so using this link.
Sandstorm Gold Stock Performance
NYSE:SAND opened at $4.46 on Tuesday. Sandstorm Gold has a 52 week low of $4.27 and a 52 week high of $6.31. The company has a fifty day simple moving average of $4.80 and a two-hundred day simple moving average of $4.90. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.32. The company has a market cap of $1.33 billion, a price-to-earnings ratio of 89.20 and a beta of 1.11.
Sandstorm Gold Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, January 26th. Investors of record on Tuesday, January 16th were issued a $0.0149 dividend. The ex-dividend date of this dividend was Friday, January 12th. This is a positive change from Sandstorm Gold’s previous quarterly dividend of $0.01. This represents a $0.06 dividend on an annualized basis and a yield of 1.34%. Sandstorm Gold’s dividend payout ratio (DPR) is 120.00%.
Wall Street Analyst Weigh In
Institutional Inflows and Outflows
Hedge funds have recently modified their holdings of the stock. JPMorgan Chase & Co. grew its stake in Sandstorm Gold by 0.9% during the 1st quarter. JPMorgan Chase & Co. now owns 624,378 shares of the company’s stock worth $5,045,000 after buying an additional 5,545 shares during the last quarter. Bank of New York Mellon Corp purchased a new position in shares of Sandstorm Gold during the first quarter worth approximately $109,000. HighTower Advisors LLC increased its holdings in shares of Sandstorm Gold by 86.9% in the 1st quarter. HighTower Advisors LLC now owns 76,112 shares of the company’s stock valued at $610,000 after acquiring an additional 35,396 shares during the period. Acadian Asset Management LLC purchased a new stake in Sandstorm Gold in the 1st quarter valued at $25,000. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Sandstorm Gold by 8.3% during the first quarter. Dimensional Fund Advisors LP now owns 479,714 shares of the company’s stock worth $3,876,000 after buying an additional 36,875 shares during the period. 53.88% of the stock is owned by hedge funds and other institutional investors.
Sandstorm Gold Company Profile
Sandstorm Gold Ltd. operates as a gold royalty company. The company focuses on acquiring royalties and gold and other metals purchase agreements (streams) from companies that have advanced stage development projects or operating mines. It offers upfront payments for companies to acquire a stream or royalty and receives the right to purchase a percentage of a mine's production for the life of the mine at a fixed price per unit or at a fixed percentage of the spot price.
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