Sandstorm Gold Ltd (NYSE:SAND - Get Free Report) announced a quarterly dividend on Thursday, June 26th, RTT News reports. Shareholders of record on Tuesday, July 15th will be given a dividend of 0.02 per share on Friday, July 25th. This represents a $0.08 annualized dividend and a yield of 0.86%. This is a 43.3% increase from Sandstorm Gold's previous quarterly dividend of $0.01.
Sandstorm Gold has a dividend 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 Performance
NYSE SAND traded up $0.08 during trading hours on Thursday, reaching $9.30. The stock had a trading volume of 3,528,380 shares, compared to its average volume of 3,957,663. Sandstorm Gold has a 52-week low of $4.92 and a 52-week high of $9.68. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.77 and a current ratio of 1.77. The stock has a market cap of $2.73 billion, a P/E ratio of 92.20 and a beta of 0.46. The stock has a fifty day moving average of $8.77 and a 200 day moving average of $7.14.
Sandstorm Gold (NYSE:SAND - Get Free Report) last posted its earnings results on Tuesday, May 6th. The company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.05 by ($0.01). Sandstorm Gold had a return on equity of 2.00% and a net margin of 15.80%. The company had revenue of $50.10 million for the quarter, compared to analyst estimates of $71.61 million. Sell-side analysts predict that Sandstorm Gold will post 0.18 earnings per share for the current year.
Wall Street Analysts Forecast Growth
A number of brokerages have weighed in on SAND. Wall Street Zen upgraded Sandstorm Gold from a "hold" rating to a "buy" rating in a report on Wednesday, May 21st. Royal Bank Of Canada raised their price target on shares of Sandstorm Gold from $6.50 to $7.00 and gave the stock an "outperform" rating in a research note on Friday, April 4th. 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. HC Wainwright raised their target price on shares of Sandstorm Gold from $11.50 to $11.75 and gave the stock a "buy" rating in a research note on Thursday, May 8th. Finally, Scotiabank upped their price target on Sandstorm Gold from $7.25 to $8.25 and gave the company a "sector perform" rating in a research report on Monday, April 14th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $9.25.
Get Our Latest Stock Analysis on SAND
Institutional Investors Weigh In On Sandstorm Gold
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Royal Bank of Canada increased its holdings 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 boosted its stake in shares of Sandstorm Gold by 7.2% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 339,284 shares of the company's stock worth $2,562,000 after buying an additional 22,677 shares during the period. Goldman Sachs Group Inc. boosted its stake in shares of Sandstorm Gold by 11.3% during the first quarter. Goldman Sachs Group Inc. now owns 1,120,393 shares of the company's stock worth $8,459,000 after buying an additional 113,660 shares during the period. Finally, Millennium Management LLC grew its holdings in shares of Sandstorm Gold by 731.7% during the first quarter. Millennium Management LLC now owns 2,032,823 shares of the company's stock worth $15,348,000 after buying an additional 1,788,404 shares during the last quarter. 51.97% of the stock is owned by hedge funds and other institutional investors.
About Sandstorm Gold
(
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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