Sandstorm Gold (NYSE:SAND) Announces Quarterly Earnings Results, Misses Estimates By $0.01 EPS

Sandstorm Gold (NYSE:SAND) posted its quarterly earnings data on Thursday. The company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.01), reports. The firm had revenue of $44.70 million for the quarter, compared to analyst estimates of $44.70 million. Sandstorm Gold had a return on equity of 2.06% and a net margin of 17.55%.

Sandstorm Gold Stock Down 8.8 %

Sandstorm Gold stock opened at $5.77 on Friday. The firm has a market capitalization of $1.71 billion, a price-to-earnings ratio of 57.71 and a beta of 1.13. The company’s 50 day simple moving average is $6.00 and its 200 day simple moving average is $5.72. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.99 and a quick ratio of 1.99. Sandstorm Gold has a fifty-two week low of $3.96 and a fifty-two week high of $6.50.

Sandstorm Gold Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 25th. Stockholders of record on Tuesday, October 15th were paid a $0.015 dividend. The ex-dividend date of this dividend was Tuesday, October 15th. This is a boost from Sandstorm Gold’s previous quarterly dividend of $0.01. This represents a $0.06 dividend on an annualized basis and a dividend yield of 1.04%. Sandstorm Gold’s dividend payout ratio is 60.01%.

Hedge Funds Weigh In On Sandstorm Gold

Several institutional investors and hedge funds have recently made changes to their positions in the company. Perritt Capital Management Inc. bought a new stake in Sandstorm Gold during the 1st quarter worth approximately $31,000. Allworth Financial LP bought a new stake in shares of Sandstorm Gold during the third quarter worth $60,000. Mather Group LLC. bought a new stake in shares of Sandstorm Gold during the second quarter worth $67,000. Oak Family Advisors LLC acquired a new stake in shares of Sandstorm Gold during the second quarter worth $88,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in Sandstorm Gold in the 2nd quarter valued at $94,000. Institutional investors and hedge funds own 51.97% of the company’s stock.

Analysts Set New Price Targets

SAND has been the topic of several recent research reports. StockNews.com upgraded Sandstorm Gold from a “hold” rating to a “buy” rating in a report on Friday, September 27th. Royal Bank of Canada lowered their price target on shares of Sandstorm Gold from $6.50 to $6.00 and set an “outperform” rating for the company in a research report on Tuesday, September 10th. Finally, HC Wainwright increased their price objective on shares of Sandstorm Gold from $11.00 to $11.50 and gave the company a “buy” rating in a report on Monday, August 5th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $8.25.

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.