Sandstorm Gold Ltd. (NYSE:SAND) Declares $0.01 Quarterly Dividend

Sandstorm Gold Ltd. (NYSE:SAND) declared a quarterly dividend on Friday, March 28th, Wall Street Journal reports. Investors of record on Monday, April 14th will be given a dividend of 0.014 per share on Friday, April 25th. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.74%. The ex-dividend date is Monday, April 14th.

Sandstorm Gold has a dividend payout ratio of 27.3% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Sandstorm Gold to earn $0.22 per share next year, which means the company should continue to be able to cover its $0.06 annual dividend with an expected future payout ratio of 27.3%.

Sandstorm Gold Stock Performance

Shares of SAND stock traded down $0.08 during midday trading on Friday, hitting $7.58. The company had a trading volume of 7,336,287 shares, compared to its average volume of 3,222,435. The stock has a market cap of $2.24 billion, a price-to-earnings ratio of 151.53 and a beta of 1.06. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.95 and a quick ratio of 2.29. The company’s 50 day simple moving average is $6.30 and its 200 day simple moving average is $5.99. Sandstorm Gold has a 52-week low of $4.92 and a 52-week high of $7.74.

Sandstorm Gold (NYSE:SAND) last issued its earnings results on Tuesday, February 18th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.03). The firm had revenue of $47.40 million during the quarter, compared to analysts’ expectations of $67.49 million. Sandstorm Gold had a net margin of 8.11% and a return on equity of 0.98%. During the same period in the previous year, the firm earned ($0.04) EPS. Research analysts anticipate that Sandstorm Gold will post 0.18 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. HC Wainwright dropped their target price on Sandstorm Gold from $12.00 to $11.50 and set a “buy” rating on the stock in a research report on Wednesday, February 19th. Scotiabank upped their price objective on Sandstorm Gold from $6.75 to $7.25 and gave the stock a “sector perform” rating in a report on Thursday, February 27th. Finally, StockNews.com upgraded Sandstorm Gold from a “hold” rating to a “buy” rating in a research report on Wednesday, February 26th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $8.56.

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 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.