Sandstorm Gold Ltd. (NYSE:SAND) Declares Quarterly Dividend of $0.02

Sandstorm Gold Ltd. (NYSE:SAND) announced a quarterly dividend on Thursday, December 19th,RTT News reports. Investors of record on Tuesday, January 21st will be given a dividend of 0.02 per share on Friday, January 31st. This represents a $0.08 annualized dividend and a dividend yield of 1.49%. This is a positive change from Sandstorm Gold’s previous quarterly dividend of $0.02.

Sandstorm Gold has a payout ratio of 30.0% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Sandstorm Gold to earn $0.19 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 31.6%.

Sandstorm Gold Price Performance

NYSE SAND remained flat at $5.36 during trading on Thursday. The company’s stock had a trading volume of 3,497,853 shares, compared to its average volume of 2,467,850. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.29 and a quick ratio of 2.29. The company has a market capitalization of $1.59 billion, a P/E ratio of 44.67 and a beta of 1.11. The business’s fifty day moving average is $5.83 and its 200 day moving average is $5.72. Sandstorm Gold has a 52 week low of $3.96 and a 52 week high of $6.50.

Sandstorm Gold (NYSE:SAND) last posted its quarterly earnings data on Thursday, November 7th. The company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.03 by ($0.01). Sandstorm Gold had a net margin of 20.46% and a return on equity of 2.44%. The business had revenue of $44.70 million during the quarter, compared to analysts’ expectations of $44.70 million. On average, sell-side analysts anticipate that Sandstorm Gold will post 0.09 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on SAND. StockNews.com lowered Sandstorm Gold from a “buy” rating to a “hold” rating in a research report on Thursday, November 14th. Royal Bank of Canada lowered their target price on Sandstorm Gold from $6.50 to $6.00 and set an “outperform” rating for the company in a research note on Tuesday, September 10th. Finally, HC Wainwright increased their price target on Sandstorm Gold from $11.50 to $12.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $8.50.

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.