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

Sandstorm Gold Ltd. (NYSE:SAND) announced a quarterly dividend on Friday, March 29th, Wall Street Journal reports. Shareholders of record on Tuesday, April 16th will be paid a dividend of 0.0147 per share on Friday, April 26th. This represents a $0.06 annualized dividend and a yield of 1.10%. The ex-dividend date is Monday, April 15th.

Sandstorm Gold Price Performance

Shares of Sandstorm Gold stock opened at $5.36 on Friday. The company has a current ratio of 3.32, a quick ratio of 3.32 and a debt-to-equity ratio of 0.30. The stock has a market capitalization of $1.60 billion, a price-to-earnings ratio of 38.29 and a beta of 1.10. Sandstorm Gold has a 1-year low of $3.96 and a 1-year high of $6.31. The firm’s 50-day moving average price is $4.73 and its two-hundred day moving average price is $4.76.

Sandstorm Gold (NYSE:SAND) last issued its quarterly earnings data on Thursday, February 15th. The company reported $0.08 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.06. The firm had revenue of $44.50 million for the quarter, compared to analysts’ expectations of $46.30 million. Sandstorm Gold had a net margin of 23.22% and a return on equity of 2.89%. On average, equities analysts predict that Sandstorm Gold will post 0.07 earnings per share for the current fiscal year.

Institutional Trading of Sandstorm Gold

Several large investors have recently added to or reduced their stakes in SAND. Envestnet Asset Management Inc. acquired a new position in shares of Sandstorm Gold during the second quarter worth approximately $82,000. Gotham Asset Management LLC acquired a new position in shares of Sandstorm Gold during the fourth quarter worth approximately $74,000. Cerity Partners LLC acquired a new position in shares of Sandstorm Gold during the first quarter worth approximately $73,000. Northern Trust Corp acquired a new position in shares of Sandstorm Gold during the second quarter worth approximately $72,000. Finally, Cetera Advisor Networks LLC lifted its position in shares of Sandstorm Gold by 30.8% during the second quarter. Cetera Advisor Networks LLC now owns 14,023 shares of the company’s stock worth $72,000 after purchasing an additional 3,300 shares in the last quarter. 51.97% of the stock is owned by institutional investors.

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.