Sandstorm Gold (NYSE:SAND) Issues Earnings Results

Sandstorm Gold (NYSE:SAND) released its quarterly earnings data on Tuesday. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.03), Zacks reports. Sandstorm Gold had a return on equity of 2.44% and a net margin of 20.46%. During the same period in the prior year, the company posted ($0.04) earnings per share.

Sandstorm Gold Trading Up 1.3 %

Shares of NYSE SAND traded up $0.09 during trading hours on Tuesday, hitting $6.46. 3,149,709 shares of the company traded hands, compared to its average volume of 5,386,464. The stock has a market capitalization of $1.91 billion, a price-to-earnings ratio of 53.80 and a beta of 1.10. The company has a current ratio of 2.29, a quick ratio of 2.29 and a debt-to-equity ratio of 0.26. The company’s 50 day moving average price is $5.81 and its 200 day moving average price is $5.80. Sandstorm Gold has a 12 month low of $3.99 and a 12 month high of $6.67.

Sandstorm Gold Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Tuesday, January 21st were given a dividend of $0.02 per share. The ex-dividend date of this dividend was Tuesday, January 21st. This represents a $0.08 annualized dividend and a dividend yield of 1.24%. This is an increase from Sandstorm Gold’s previous quarterly dividend of $0.02. Sandstorm Gold’s payout ratio is currently 50.00%.

Analysts Set New Price Targets

A number of research firms have issued reports on SAND. StockNews.com downgraded Sandstorm Gold from a “buy” rating to a “hold” rating in a research note on Thursday, February 13th. HC Wainwright lifted their price objective on Sandstorm Gold from $11.50 to $12.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $8.50.

About Sandstorm Gold

Sandstorm Gold Ltd. operates as a gold royalty company. The company focuses on acquiring royalties and gold and other metals purchase agreements from companies that have advanced stage operating mines. It offers upfront payments for companies to acquire a stream and receives the right to purchase a percentage of a mine's production for the life of the mine.