Sandstorm Gold Ltd. (NYSE:SAND) Announces Dividend Increase - $0.02 Per Share

Sandstorm Gold Ltd. (NYSE:SAND - Get Free Report) declared a quarterly dividend on Wednesday, September 25th, Zacks reports. Stockholders of record on Tuesday, October 15th will be given a dividend of 0.015 per share on Friday, October 25th. This represents a $0.06 annualized dividend and a dividend yield of 0.96%. The ex-dividend date is Tuesday, October 15th. This is an increase from Sandstorm Gold's previous quarterly dividend of $0.01.

Sandstorm Gold has a payout ratio of 37.5% meaning its dividend is sufficiently covered by earnings. Research analysts expect Sandstorm Gold to earn $0.14 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 42.9%.

Sandstorm Gold Price Performance

Shares of SAND stock opened at $6.25 on Friday. The company has a market cap of $1.86 billion, a P/E ratio of 78.07 and a beta of 1.14. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.99 and a quick ratio of 1.99. The stock's 50-day moving average is $5.68 and its 200 day moving average is $5.54. Sandstorm Gold has a 1-year low of $3.96 and a 1-year high of $6.38.

Sandstorm Gold (NYSE:SAND - Get Free Report) last released its quarterly earnings results on Thursday, August 1st. The company reported $0.03 earnings per share for the quarter, beating analysts' consensus estimates of $0.02 by $0.01. The business had revenue of $41.37 million for the quarter, compared to analysts' expectations of $40.50 million. Sandstorm Gold had a net margin of 17.55% and a return on equity of 2.06%. During the same period last year, the business earned $0.01 EPS. Research analysts predict that Sandstorm Gold will post 0.09 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on SAND. StockNews.com raised Sandstorm Gold from a "hold" rating to a "buy" rating in a research report on Friday. CIBC increased their price target on Sandstorm Gold from $9.00 to $9.50 and gave the company a "neutral" rating in a research note on Wednesday, July 10th. HC Wainwright boosted their price target on Sandstorm Gold from $11.00 to $11.50 and gave the stock a "buy" rating in a research note on Monday, August 5th. Finally, Royal Bank of Canada cut their price objective on shares of Sandstorm Gold from $6.50 to $6.00 and set an "outperform" rating on the stock in a report on Tuesday, September 10th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Sandstorm Gold currently has a consensus rating of "Moderate Buy" and an average price target of $8.25.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.