Sandstorm Gold (NYSE:SAND) Releases 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 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 quarter in the prior year, the company earned ($0.04) earnings per share.

Sandstorm Gold Price Performance

Shares of NYSE:SAND opened at $6.46 on Wednesday. The firm’s 50 day moving average is $5.81 and its two-hundred day moving average is $5.80. The firm has a market capitalization of $1.91 billion, a P/E 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. Sandstorm Gold has a 52 week low of $3.99 and a 52 week high of $6.67.

Sandstorm Gold Increases Dividend

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

Analyst Upgrades and Downgrades

SAND has been the topic of a number of recent research reports. HC Wainwright cut their target price on shares of Sandstorm Gold from $12.00 to $11.50 and set a “buy” rating on the stock in a report on Wednesday. StockNews.com downgraded Sandstorm Gold from a “buy” rating to a “hold” rating in a report on Thursday, February 13th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $8.38.

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.