Sandstorm Gold (NYSE:SAND) Issues Earnings Results

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

Sandstorm Gold Stock Up 1.3 %

Shares of SAND traded up $0.09 on Tuesday, reaching $6.46. The stock had a trading volume of 3,149,709 shares, compared to its average volume of 5,386,464. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.29 and a current ratio of 2.29. Sandstorm Gold has a 12-month low of $3.99 and a 12-month high of $6.67. The firm 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 50-day simple moving average of $5.79 and a 200-day simple moving average of $5.79.

Sandstorm Gold Increases Dividend

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

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on SAND. HC Wainwright increased their price objective on Sandstorm Gold from $11.50 to $12.00 and gave the stock a “buy” rating in a report on Monday, November 11th. StockNews.com cut Sandstorm Gold from a “buy” rating to a “hold” rating in a report on Thursday, February 13th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $8.50.

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.