Sandstorm Gold Ltd (NYSE:SAND - Get Free Report) declared a quarterly dividend on Thursday, June 26th, RTT News reports. Shareholders of record on Tuesday, July 15th will be paid a dividend of 0.02 per share on Friday, July 25th. This represents a $0.08 dividend on an annualized basis and a yield of 0.89%. The ex-dividend date of this dividend is Tuesday, July 15th. This is a 43.3% increase from Sandstorm Gold's previous quarterly dividend of $0.01.
Sandstorm Gold has a payout ratio of 24.0% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Sandstorm Gold to earn $0.22 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 27.3%.
Sandstorm Gold Stock Down 3.1%
Shares of NYSE:SAND traded down $0.29 during midday trading on Friday, reaching $9.03. 3,676,627 shares of the company were exchanged, compared to its average volume of 3,973,045. The firm has a market cap of $2.65 billion, a PE ratio of 90.26 and a beta of 0.46. Sandstorm Gold has a fifty-two week low of $4.92 and a fifty-two week high of $9.68. The stock has a fifty day simple moving average of $8.80 and a two-hundred day simple moving average of $7.20. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 0.24.
Sandstorm Gold (NYSE:SAND - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.01). The firm had revenue of $50.10 million during the quarter, compared to analyst estimates of $71.61 million. Sandstorm Gold had a net margin of 15.80% and a return on equity of 2.00%. As a group, sell-side analysts forecast that Sandstorm Gold will post 0.18 earnings per share for the current year.
Analyst Ratings Changes
A number of equities analysts have weighed in on the company. Royal Bank Of Canada upped their price target on Sandstorm Gold from $6.50 to $7.00 and gave the stock an "outperform" rating in a research report on Friday, April 4th. HC Wainwright increased their target price on shares of Sandstorm Gold from $11.50 to $11.75 and gave the stock a "buy" rating in a report on Thursday, May 8th. Wall Street Zen upgraded shares of Sandstorm Gold from a "hold" rating to a "buy" rating in a research note on Wednesday, May 21st. Raymond James Financial set a $9.75 price target on shares of Sandstorm Gold and gave the stock an "outperform" rating in a research report on Wednesday, May 7th. Finally, Scotiabank raised their price objective on Sandstorm Gold from $7.25 to $8.25 and gave the company a "sector perform" rating in a report on Monday, April 14th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, Sandstorm Gold has an average rating of "Moderate Buy" and an average target price of $9.25.
Check Out Our Latest Stock Report on Sandstorm Gold
Institutional Trading of Sandstorm Gold
Several institutional investors and hedge funds have recently added to or reduced their stakes in SAND. Royal Bank of Canada grew its position in shares of Sandstorm Gold by 12.3% in the 1st quarter. Royal Bank of Canada now owns 65,526 shares of the company's stock valued at $494,000 after acquiring an additional 7,189 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Sandstorm Gold by 7.2% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 339,284 shares of the company's stock valued at $2,562,000 after purchasing an additional 22,677 shares during the period. Goldman Sachs Group Inc. lifted its stake in Sandstorm Gold by 11.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,120,393 shares of the company's stock valued at $8,459,000 after purchasing an additional 113,660 shares during the last quarter. Finally, Millennium Management LLC lifted its stake in Sandstorm Gold by 731.7% in the 1st quarter. Millennium Management LLC now owns 2,032,823 shares of the company's stock valued at $15,348,000 after purchasing an additional 1,788,404 shares during the last quarter. 51.97% of the stock is owned by institutional investors.
Sandstorm Gold Company Profile
(
Get Free Report)
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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