Sandstorm Gold (NYSE:SAND) Trading Down 9.2% Following Weak Earnings

Sandstorm Gold Ltd. (NYSE:SAND - Get Free Report) traded down 9.2% during trading on Friday following a dissappointing earnings announcement. The company traded as low as $5.71 and last traded at $5.75. 6,127,367 shares traded hands during mid-day trading, an increase of 159% from the average session volume of 2,366,330 shares. The stock had previously closed at $6.33.

The company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.03 by ($0.01). The firm had revenue of $44.70 million during the quarter, compared to the consensus estimate of $44.70 million. Sandstorm Gold had a return on equity of 2.06% and a net margin of 17.55%.

Sandstorm Gold Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 25th. Investors of record on Tuesday, October 15th were issued a dividend of $0.015 per share. The ex-dividend date of this dividend was Tuesday, October 15th. This is a positive change from Sandstorm Gold's previous quarterly dividend of $0.01. This represents a $0.06 annualized dividend and a dividend yield of 1.04%. Sandstorm Gold's payout ratio is 60.01%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. StockNews.com raised shares of Sandstorm Gold from a "hold" rating to a "buy" rating in a report on Friday, September 27th. Royal Bank of Canada cut their price objective on shares of Sandstorm Gold from $6.50 to $6.00 and set an "outperform" rating for the company in a research report on Tuesday, September 10th. Finally, HC Wainwright boosted their price target on Sandstorm Gold from $11.00 to $11.50 and gave the company a "buy" rating in a report on Monday, August 5th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $8.25.

Institutional Investors Weigh In On Sandstorm Gold

Institutional investors and hedge funds have recently made changes to their positions in the company. Sagil Capital LLP bought a new position in shares of Sandstorm Gold during the second quarter valued at $8,041,000. EdgePoint Investment Group Inc. acquired a new stake in shares of Sandstorm Gold during the first quarter worth $6,537,000. Dimensional Fund Advisors LP raised its position in shares of Sandstorm Gold by 42.2% during the second quarter. Dimensional Fund Advisors LP now owns 3,149,232 shares of the company's stock worth $17,162,000 after purchasing an additional 935,005 shares during the period. Helikon Investments Ltd increased its stake in Sandstorm Gold by 61.8% in the 2nd quarter. Helikon Investments Ltd now owns 2,086,579 shares of the company's stock valued at $11,351,000 after buying an additional 796,800 shares during the last quarter. Finally, Boston Partners acquired a new stake in shares of Sandstorm Gold in the first quarter valued at about $1,902,000. 51.97% of the stock is owned by institutional investors and hedge funds.

Sandstorm Gold Stock Down 9.2 %

The company has a debt-to-equity ratio of 0.27, a current ratio of 1.99 and a quick ratio of 1.99. The firm has a 50-day moving average of $6.00 and a 200 day moving average of $5.72. The stock has a market capitalization of $1.71 billion, a price-to-earnings ratio of 59.51 and a beta of 1.13.

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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