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

Sandstorm Gold Ltd. (NYSE:SAND) announced a quarterly dividend on Friday, March 28th, Wall Street Journal reports. Stockholders 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 of this dividend is Monday, April 14th.

Sandstorm Gold has a dividend payout ratio of 27.3% meaning 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 Performance

NYSE:SAND opened at $7.58 on Friday. The company has a market cap of $2.24 billion, a P/E ratio of 151.53 and a beta of 1.06. Sandstorm Gold has a twelve month low of $4.92 and a twelve month high of $7.74. The company’s 50-day moving average price is $6.34 and its 200-day moving average price is $6.01. The company has a current ratio of 1.95, a quick ratio of 2.29 and a debt-to-equity ratio of 0.24.

Sandstorm Gold (NYSE:SAND) last released its quarterly earnings data on Tuesday, February 18th. The company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.03). Sandstorm Gold had a return on equity of 0.98% and a net margin of 8.11%. The company had revenue of $47.40 million for the quarter, compared to analyst estimates of $67.49 million. During the same period last year, the firm posted ($0.04) EPS. On average, sell-side analysts forecast that Sandstorm Gold will post 0.18 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. HC Wainwright reduced their target price on shares of Sandstorm Gold from $12.00 to $11.50 and set a “buy” rating on the stock in a research note on Wednesday, February 19th. Scotiabank lifted their price target on shares of Sandstorm Gold from $6.75 to $7.25 and gave the company a “sector perform” rating in a research 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 investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus 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.