Sandstorm Gold Ltd. (NYSE:SAND) Announces Quarterly Dividend of $0.01

Sandstorm Gold Ltd. (NYSE:SAND) announced a quarterly dividend on Friday, June 28th, Wall Street Journal reports. Stockholders of record on Tuesday, July 16th will be given a dividend of 0.0146 per share on Friday, July 26th. This represents a $0.06 annualized dividend and a dividend yield of 1.07%. The ex-dividend date of this dividend is Tuesday, July 16th.

Sandstorm Gold has a dividend payout ratio of 40.0% meaning its dividend is sufficiently covered by earnings. Research analysts expect Sandstorm Gold to earn $0.12 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 50.0%.

Sandstorm Gold Price Performance

Sandstorm Gold stock traded up $0.05 during midday trading on Friday, reaching $5.44. 2,275,047 shares of the stock were exchanged, compared to its average volume of 2,295,109. The company’s fifty day moving average is $5.58 and its 200-day moving average is $5.07. The company has a debt-to-equity ratio of 0.29, a quick ratio of 2.26 and a current ratio of 2.26. The firm has a market cap of $1.62 billion, a PE ratio of 67.38 and a beta of 1.12. Sandstorm Gold has a 52 week low of $3.96 and a 52 week high of $6.07.

Sandstorm Gold (NYSE:SAND) last posted its earnings results on Thursday, May 2nd. The company reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.02). The firm had revenue of $42.81 million for the quarter, compared to the consensus estimate of $42.80 million. Sandstorm Gold had a return on equity of 1.52% and a net margin of 12.24%. On average, sell-side analysts forecast that Sandstorm Gold will post 0.08 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on SAND. HC Wainwright reaffirmed a “buy” rating and set a $11.00 target price on shares of Sandstorm Gold in a report on Monday, May 6th. Scotiabank boosted their price target on shares of Sandstorm Gold from $6.25 to $6.50 and gave the stock a “sector perform” rating in a research note on Thursday, May 23rd.

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.