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

Sandstorm Gold Ltd. (NYSE:SAND) declared a quarterly dividend on Friday, March 28th, Wall Street Journal reports. Shareholders 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 annualized dividend and a yield of 0.74%. The ex-dividend date is Monday, April 14th.

Sandstorm Gold has a payout ratio of 27.3% indicating that its dividend is sufficiently covered by earnings. Equities 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 Down 1.0 %

Shares of SAND traded down $0.08 during midday trading on Friday, reaching $7.58. The stock had a trading volume of 7,422,635 shares, compared to its average volume of 3,225,683. 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 fifty day simple moving average is $6.34 and its two-hundred day simple moving average is $6.00. The company has a market cap of $2.24 billion, a price-to-earnings ratio of 151.53 and a beta of 1.06. Sandstorm Gold has a 1-year low of $4.92 and a 1-year high of $7.74.

Sandstorm Gold (NYSE:SAND) last released its quarterly earnings data on Tuesday, February 18th. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.03). The business 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 quarter in the previous year, the company posted ($0.04) EPS. Equities research analysts expect that Sandstorm Gold will post 0.18 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. StockNews.com raised shares of Sandstorm Gold from a “hold” rating to a “buy” rating in a research report on Wednesday, February 26th. Scotiabank raised their price target on Sandstorm Gold from $6.75 to $7.25 and gave the stock a “sector perform” rating in a research note on Thursday, February 27th. Finally, HC Wainwright decreased their price objective on Sandstorm Gold from $12.00 to $11.50 and set a “buy” rating for the company in a report on Wednesday, February 19th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price 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.