Sandstorm Gold Ltd. (NYSE:SAND) Announces Quarterly Dividend of $0.02

Sandstorm Gold Ltd. (NYSE:SAND - Get Free Report) declared a quarterly dividend on Thursday, December 19th,RTT News reports. Investors of record on Tuesday, January 21st will be paid a dividend of 0.02 per share on Friday, January 31st. This represents a $0.08 annualized dividend and a dividend yield of 1.49%. This is a boost from Sandstorm Gold's previous quarterly dividend of $0.02.

Sandstorm Gold has a payout ratio of 30.0% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Sandstorm Gold to earn $0.19 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 31.6%.

Sandstorm Gold Price Performance

NYSE:SAND remained flat at $5.36 during mid-day trading on Thursday. 3,497,853 shares of the company's stock traded hands, compared to its average volume of 2,467,850. The business's 50-day moving average price is $5.83 and its two-hundred day moving average price is $5.72. The company has a market capitalization of $1.59 billion, a PE ratio of 44.67 and a beta of 1.11. The company has a current ratio of 2.29, a quick ratio of 2.29 and a debt-to-equity ratio of 0.26. Sandstorm Gold has a one year low of $3.96 and a one year high of $6.50.

Sandstorm Gold (NYSE:SAND - Get Free Report) last announced its quarterly earnings results on Thursday, November 7th. The company reported $0.02 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.03 by ($0.01). Sandstorm Gold had a net margin of 20.46% and a return on equity of 2.44%. The company had revenue of $44.70 million during the quarter, compared to analyst estimates of $44.70 million. Analysts anticipate that Sandstorm Gold will post 0.09 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on SAND shares. Royal Bank of Canada cut their target price on shares of Sandstorm Gold from $6.50 to $6.00 and set an "outperform" rating for the company in a research note on Tuesday, September 10th. StockNews.com lowered Sandstorm Gold from a "buy" rating to a "hold" rating in a research note on Thursday, November 14th. Finally, HC Wainwright raised their target price on Sandstorm Gold from $11.50 to $12.00 and gave the company a "buy" rating in a research report on Monday, November 11th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $8.50.

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.

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