Sandstorm Gold (NYSE:SAND) Posts Earnings Results, Beats Estimates By $0.01 EPS

Sandstorm Gold (NYSE:SAND) announced its earnings results on Thursday. The company reported $0.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.01, Zacks reports. Sandstorm Gold had a return on equity of 2.07% and a net margin of 17.55%. The firm had revenue of $41.37 million for the quarter, compared to analyst estimates of $40.50 million. During the same quarter last year, the firm posted $0.01 EPS.

Sandstorm Gold Price Performance

SAND stock traded down $0.14 during midday trading on Friday, reaching $5.49. The stock had a trading volume of 2,078,947 shares, compared to its average volume of 1,563,916. The company’s fifty day simple moving average is $5.59 and its 200 day simple moving average is $5.21. The company has a current ratio of 2.26, a quick ratio of 2.26 and a debt-to-equity ratio of 0.29. The company has a market cap of $1.64 billion, a price-to-earnings ratio of 68.63 and a beta of 1.13. Sandstorm Gold has a 52-week low of $3.96 and a 52-week high of $6.07.

Sandstorm Gold Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 26th. Shareholders of record on Tuesday, July 16th were issued a $0.0146 dividend. The ex-dividend date of this dividend was Tuesday, July 16th. This represents a $0.06 dividend on an annualized basis and a yield of 1.06%. Sandstorm Gold’s payout ratio is currently 62.50%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on SAND. CIBC increased their target price on Sandstorm Gold from $9.00 to $9.50 and gave the company a “neutral” rating in a research report on Wednesday, July 10th. Scotiabank increased their target price on Sandstorm Gold from $6.25 to $6.50 and gave the company a “sector perform” rating in a research report on Thursday, May 23rd. Finally, HC Wainwright restated a “buy” rating and issued a $11.00 price objective on shares of Sandstorm Gold in a report on Tuesday, July 9th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, Sandstorm Gold presently has a consensus rating of “Hold” and a consensus target price of $9.04.

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.