Sandstorm Gold (SSL) to Release Earnings on Thursday

Sandstorm Gold (TSE:SSL - Get Free Report) is set to post its quarterly earnings results after the market closes on Thursday, November 7th. Analysts expect Sandstorm Gold to post earnings of C$0.05 per share for the quarter.

Sandstorm Gold (TSE:SSL - Get Free Report) last issued its quarterly earnings results on Thursday, August 1st. The company reported C$0.04 earnings per share for the quarter, topping analysts' consensus estimates of C$0.03 by C$0.01. Sandstorm Gold had a return on equity of 2.15% and a net margin of 17.55%. The company had revenue of C$56.61 million for the quarter, compared to analyst estimates of C$55.48 million.

Sandstorm Gold Trading Up 0.4 %

Shares of SSL stock traded up C$0.03 during mid-day trading on Thursday, hitting C$8.44. 967,066 shares of the company's stock were exchanged, compared to its average volume of 317,131. The stock has a market cap of C$2.51 billion, a price-to-earnings ratio of 59.36, a PEG ratio of 0.90 and a beta of 1.11. The stock has a 50-day simple moving average of C$8.05 and a two-hundred day simple moving average of C$7.76. Sandstorm Gold has a fifty-two week low of C$5.36 and a fifty-two week high of C$8.98. The company has a quick ratio of 1.17, a current ratio of 1.99 and a debt-to-equity ratio of 26.63.

Sandstorm Gold Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 25th. Shareholders of record on Friday, October 25th were paid a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date was Tuesday, October 15th. Sandstorm Gold's payout ratio is 57.14%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on SSL shares. CIBC raised their target price on shares of Sandstorm Gold from C$9.00 to C$9.50 in a research report on Wednesday, July 10th. Stifel Nicolaus boosted their price target on Sandstorm Gold from C$10.25 to C$11.00 in a research report on Monday, October 21st. TD Securities raised their price objective on Sandstorm Gold from C$10.00 to C$11.00 in a report on Friday, October 18th. Finally, Canaccord Genuity Group boosted their price objective on shares of Sandstorm Gold from C$10.50 to C$11.00 in a research note on Tuesday, July 23rd.

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.