Sandstorm Gold (NYSE:SAND) Trading Down 9.8% After Earnings Miss

Sandstorm Gold Ltd. (NYSE:SAND - Get Free Report)'s share price fell 9.8% during trading on Wednesday following a weaker than expected earnings announcement. The company traded as low as $5.82 and last traded at $5.85. 1,624,994 shares traded hands during trading, a decline of 69% from the average session volume of 5,260,163 shares. The stock had previously closed at $6.48.

The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.03). The business had revenue of $47.40 million during the quarter, compared to the consensus estimate of $67.49 million. Sandstorm Gold had a net margin of 8.11% and a return on equity of 0.98%. During the same period in the previous year, the business posted ($0.04) EPS.

Sandstorm Gold Increases Dividend

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

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on SAND. StockNews.com lowered shares of Sandstorm Gold from a "buy" rating to a "hold" rating in a research note on Thursday, February 13th. HC Wainwright decreased their price objective 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. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $8.38.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Allworth Financial LP purchased a new position in Sandstorm Gold in the 3rd quarter valued at approximately $60,000. Cantor Fitzgerald L. P. purchased a new position in shares of Sandstorm Gold in the fourth quarter valued at $56,000. Lifeworks Advisors LLC purchased a new position in Sandstorm Gold during the 4th quarter valued at about $57,000. Meixler Investment Management Ltd. purchased a new position in Sandstorm Gold during the 4th quarter valued at about $66,000. Finally, JTC Employer Solutions Trustee Ltd purchased a new position in Sandstorm Gold during the 4th quarter valued at about $72,000. 51.97% of the stock is currently owned by hedge funds and other institutional investors.

Sandstorm Gold Stock Down 3.3 %

The stock has a fifty day simple moving average of $5.82 and a two-hundred day simple moving average of $5.80. The firm has a market cap of $1.77 billion, a PE ratio of 119.72 and a beta of 1.10. 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 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.