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

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

Sandstorm Gold Stock Up 3.5 %

NYSE:SAND traded up $0.21 on Thursday, hitting $6.19. 627,178 shares of the company’s stock were exchanged, compared to its average volume of 5,454,695. The firm has a 50-day moving average price of $5.81 and a 200-day moving average price of $5.80. Sandstorm Gold has a 52 week low of $3.99 and a 52 week high of $6.67. 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 cap of $1.84 billion, a P/E ratio of 123.12 and a beta of 1.10.

Sandstorm Gold Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Tuesday, January 21st were issued a dividend of $0.02 per share. This is a boost from Sandstorm Gold’s previous quarterly dividend of $0.02. The ex-dividend date was Tuesday, January 21st. This represents a $0.08 annualized dividend and a yield of 1.29%. Sandstorm Gold’s dividend payout ratio is presently 120.02%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on SAND shares. HC Wainwright lowered their price target on Sandstorm Gold from $12.00 to $11.50 and set a “buy” rating for the company in a report on Wednesday. StockNews.com downgraded shares of Sandstorm Gold from a “buy” rating to a “hold” rating in a report on Thursday, February 13th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, Sandstorm Gold currently has a consensus rating of “Hold” and a consensus target price of $8.38.

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.