Sandstorm Gold (NYSE:SAND) Posts Quarterly Earnings Results, Misses Expectations By $0.03 EPS

Sandstorm Gold (NYSE:SAND - Get Free Report) released its earnings results on Tuesday. The company reported $0.01 EPS for the quarter, missing analysts' consensus estimates of $0.04 by ($0.03), Zacks reports. The company had revenue of $47.40 million during the quarter, compared to analysts' expectations of $67.49 million. Sandstorm Gold had a return on equity of 0.98% and a net margin of 8.11%. During the same period in the prior year, the company posted ($0.04) earnings per share.

Sandstorm Gold Stock Performance

SAND stock traded down $0.21 on Friday, hitting $5.99. The company had a trading volume of 4,983,554 shares, compared to its average volume of 5,617,848. The company has a current ratio of 1.95, a quick ratio of 2.29 and a debt-to-equity ratio of 0.24. Sandstorm Gold has a 12-month low of $3.99 and a 12-month high of $6.67. The stock has a market cap of $1.77 billion, a price-to-earnings ratio of 119.72 and a beta of 1.10. The stock's 50-day simple moving average is $5.83 and its 200 day simple moving average is $5.81.

Sandstorm Gold Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Tuesday, January 21st were paid a $0.02 dividend. The ex-dividend date was Tuesday, January 21st. This is a positive change from Sandstorm Gold's previous quarterly dividend of $0.02. This represents a $0.08 dividend on an annualized basis and a dividend yield of 1.34%. Sandstorm Gold's payout ratio is currently 100.00%.

Analyst Ratings Changes

Several analysts recently commented on SAND shares. StockNews.com downgraded shares of Sandstorm Gold from a "buy" rating to a "hold" rating in a research report on Thursday, February 13th. HC Wainwright dropped their target price on shares of Sandstorm Gold from $12.00 to $11.50 and set a "buy" rating on the stock in a research note on Wednesday. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $8.38.

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.