Sandstorm Gold Ltd. (TSE:SSL) to Issue $0.02 Quarterly Dividend

Sandstorm Gold Ltd. (TSE:SSL) declared a quarterly dividend on Tuesday, July 16th, Zacks reports. Investors of record on Friday, July 26th will be paid a dividend of 0.02 per share on Friday, July 26th. This represents a $0.08 dividend on an annualized basis and a yield of 1.02%. The ex-dividend date of this dividend is Tuesday, July 16th.

Sandstorm Gold Stock Performance

Sandstorm Gold stock opened at C$7.84 on Monday. The stock’s 50 day simple moving average is C$7.66 and its two-hundred day simple moving average is C$6.97. The company has a debt-to-equity ratio of 30.37, a quick ratio of 1.17 and a current ratio of 2.26. The stock has a market cap of C$2.33 billion, a price-to-earnings ratio of 71.27, a PEG ratio of 0.90 and a beta of 1.08. Sandstorm Gold has a fifty-two week low of C$5.36 and a fifty-two week high of C$8.29.

Sandstorm Gold (TSE:SSL) last posted its quarterly earnings data on Thursday, May 2nd. The company reported C($0.01) earnings per share for the quarter, missing the consensus estimate of C$0.02 by C($0.03). The firm had revenue of C$57.72 million for the quarter, compared to the consensus estimate of C$58.92 million. Sandstorm Gold had a net margin of 12.24% and a return on equity of 1.60%. As a group, analysts expect that Sandstorm Gold will post 0.1024252 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Canaccord Genuity Group lifted their price objective on Sandstorm Gold from C$10.00 to C$10.50 in a research report on Tuesday, April 23rd. National Bankshares boosted their price target on Sandstorm Gold from C$8.50 to C$8.75 in a research report on Monday, May 6th. Finally, CIBC boosted their price target on Sandstorm Gold from C$9.00 to C$9.50 in a research report on Wednesday, July 10th.

Insider Transactions at Sandstorm Gold

In other news, Director David E. De Witt sold 28,900 shares of the business’s stock in a transaction that occurred on Tuesday, May 28th. The stock was sold at an average price of C$8.04, for a total value of C$232,211.50. Insiders own 1.22% of the company’s stock.

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.