Sandstorm Gold Ltd. Plans Quarterly Dividend of $0.01 (NYSE:SAND)

Sandstorm Gold Ltd. (NYSE:SAND - Get Free Report) declared a quarterly dividend on Friday, March 28th, Wall Street Journal reports. Stockholders of record on Monday, April 14th will be paid a dividend of 0.014 per share on Friday, April 25th. This represents a $0.06 annualized dividend and a dividend yield of 0.75%. The ex-dividend date is Monday, April 14th.

Sandstorm Gold has a dividend payout ratio of 27.3% meaning its dividend is sufficiently covered by earnings. Research 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 Price Performance

Shares of NYSE:SAND traded down $0.08 during midday trading on Tuesday, hitting $7.47. The company had a trading volume of 4,580,401 shares, compared to its average volume of 3,234,761. The business's 50-day simple moving average is $6.38 and its 200-day simple moving average is $6.02. The stock has a market cap of $2.21 billion, a price-to-earnings ratio of 149.49 and a beta of 1.06. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.95 and a quick ratio of 2.29. Sandstorm Gold has a twelve month low of $4.92 and a twelve month high of $7.74.

Sandstorm Gold (NYSE:SAND - Get Free Report) last posted its quarterly earnings results on Tuesday, February 18th. The company reported $0.01 EPS for the quarter, missing the consensus estimate 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 analysts' expectations of $67.49 million. During the same quarter in the prior year, the firm earned ($0.04) EPS. On average, research analysts predict that Sandstorm Gold will post 0.18 earnings per share for the current year.

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Analyst Ratings Changes

Several analysts have recently weighed in on the stock. HC Wainwright dropped their price target on shares of Sandstorm Gold from $12.00 to $11.50 and set a "buy" rating for the company in a research note on Wednesday, February 19th. Scotiabank raised their target price on Sandstorm Gold from $6.75 to $7.25 and gave the stock a "sector perform" rating in a research note 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 research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target 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.