Sandstorm Gold (NYSE:SAND) Announces Earnings Results, Misses Estimates By $0.03 EPS

Sandstorm Gold (NYSE:SAND) posted its quarterly earnings data 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 net margin of 20.46% and a return on equity of 2.44%. During the same period in the previous year, the firm posted ($0.04) EPS.

Sandstorm Gold Stock Up 1.3 %

Shares of SAND stock traded up $0.09 during mid-day trading on Tuesday, hitting $6.46. The stock had a trading volume of 3,149,709 shares, compared to its average volume of 5,386,464. 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 P/E ratio of 53.80 and a beta of 1.10. The firm’s 50-day moving average is $5.81 and its two-hundred day moving average is $5.80. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.29 and a quick ratio of 2.29.

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 issued a $0.02 dividend. This represents a $0.08 annualized dividend and a dividend yield of 1.24%. This is a boost from Sandstorm Gold’s previous quarterly dividend of $0.02. The ex-dividend date was Tuesday, January 21st. Sandstorm Gold’s dividend payout ratio is currently 50.00%.

Wall Street Analyst Weigh In

SAND has been the subject of a number of recent analyst reports. StockNews.com cut Sandstorm Gold from a “buy” rating to a “hold” rating in a report on Thursday, February 13th. HC Wainwright boosted their price objective on Sandstorm Gold from $11.50 to $12.00 and gave the company a “buy” rating in a report on Monday, November 11th. 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 company has a consensus rating of “Hold” and a consensus target price 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.