Sandstorm Gold (NYSE:SAND) Posts Quarterly Earnings Results, Misses Expectations By $0.03 EPS

Sandstorm Gold (NYSE:SAND) released its earnings results on Tuesday. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.03), Zacks reports. Sandstorm Gold had a net margin of 8.11% and a return on equity of 0.98%. The firm had revenue of $47.40 million during the quarter, compared to the consensus estimate of $67.49 million. During the same period in the prior year, the business posted ($0.04) earnings per share.

Sandstorm Gold Stock Performance

NYSE:SAND traded up $0.21 during mid-day trading on Thursday, hitting $6.19. 627,178 shares of the stock were exchanged, compared to its average volume of 5,454,695. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.29 and a current ratio of 2.29. The firm’s 50-day simple moving average is $5.81 and its 200 day simple moving average is $5.80. Sandstorm Gold has a fifty-two week low of $3.99 and a fifty-two week high of $6.67. The stock has a market capitalization of $1.84 billion, a price-to-earnings ratio of 123.12 and a beta of 1.10.

Sandstorm Gold Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Tuesday, January 21st were given a dividend of $0.02 per share. The ex-dividend date of this dividend was Tuesday, January 21st. This is an increase from Sandstorm Gold’s previous quarterly dividend of $0.02. This represents a $0.08 annualized dividend and a yield of 1.29%. Sandstorm Gold’s dividend payout ratio (DPR) is 120.02%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on SAND. StockNews.com lowered shares of Sandstorm Gold from a “buy” rating to a “hold” rating in a research note on Thursday, February 13th. HC Wainwright lowered their price target on Sandstorm Gold from $12.00 to $11.50 and set a “buy” rating on the stock in a research report on Wednesday. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Sandstorm Gold currently has an average rating of “Hold” and an average price target of $8.38.

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.