Sandstorm Gold (SAND) Scheduled to Post Quarterly Earnings on Thursday

Sandstorm Gold (NYSE:SAND - Get Free Report) is scheduled to issue its quarterly earnings data after the market closes on Thursday, November 7th. Analysts expect the company to announce earnings of $0.04 per share for the quarter. Persons interested in listening to the company's earnings conference call can do so using this link.

Sandstorm Gold (NYSE:SAND - Get Free Report) last released its quarterly earnings data on Thursday, August 1st. The company reported $0.03 EPS for the quarter, beating the consensus estimate of $0.02 by $0.01. The business had revenue of $41.37 million for the quarter, compared to the consensus estimate 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 in the prior year, the firm earned $0.01 EPS. On average, analysts expect Sandstorm Gold to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Sandstorm Gold Stock Performance

NYSE SAND traded down $0.01 on Thursday, reaching $6.05. 4,039,801 shares of the company's stock traded hands, compared to its average volume of 2,309,323. Sandstorm Gold has a fifty-two week low of $3.96 and a fifty-two week high of $6.50. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.99 and a current ratio of 1.99. The firm has a market cap of $1.80 billion, a price-to-earnings ratio of 60.40 and a beta of 1.14. The stock has a 50 day moving average price of $5.93 and a 200-day moving average price of $5.69.

Sandstorm Gold Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 25th. Stockholders of record on Tuesday, October 15th were issued a $0.015 dividend. This represents a $0.06 annualized dividend and a dividend yield of 0.99%. The ex-dividend date of this dividend was Tuesday, October 15th. This is a boost from Sandstorm Gold's previous quarterly dividend of $0.01. Sandstorm Gold's payout ratio is 50.00%.

Analyst Ratings Changes

Several research firms recently commented on SAND. CIBC raised their price target on shares of Sandstorm Gold from $9.00 to $9.50 and gave the company a "neutral" rating in a research report on Wednesday, July 10th. Royal Bank of Canada reduced their price target on Sandstorm Gold from $6.50 to $6.00 and set an "outperform" rating for the company in a report on Tuesday, September 10th. HC Wainwright increased their price target on Sandstorm Gold from $11.00 to $11.50 and gave the stock a "buy" rating in a research report on Monday, August 5th. Finally, StockNews.com upgraded Sandstorm Gold from a "hold" rating to a "buy" rating in a research report on Friday, September 27th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $8.25.

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.