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

Sandstorm Gold (NYSE:SAND) announced its earnings results on Thursday. The company reported $0.03 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.01, Zacks reports. Sandstorm Gold had a net margin of 17.55% and a return on equity of 2.07%. The business had revenue of $41.37 million during the quarter, compared to the consensus estimate of $40.50 million. During the same quarter in the prior year, the firm earned $0.01 earnings per share.

Sandstorm Gold Price Performance

Shares of SAND stock traded down $0.14 during midday trading on Friday, reaching $5.49. 2,078,947 shares of the company traded hands, compared to its average volume of 1,563,916. The firm’s 50 day simple moving average is $5.59 and its two-hundred day simple moving average is $5.20. Sandstorm Gold has a 1-year low of $3.96 and a 1-year high of $6.07. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.26 and a quick ratio of 2.26. The firm has a market cap of $1.64 billion, a PE ratio of 68.63 and a beta of 1.13.

Sandstorm Gold Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 26th. Stockholders of record on Tuesday, July 16th were given a dividend of $0.0146 per share. The ex-dividend date was Tuesday, July 16th. This represents a $0.06 dividend on an annualized basis and a dividend yield of 1.06%. Sandstorm Gold’s payout ratio is 62.50%.

Wall Street Analysts Forecast Growth

SAND has been the subject of several recent research reports. Scotiabank increased their target price 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. HC Wainwright reiterated a “buy” rating and set a $11.00 target price on shares of Sandstorm Gold in a research note on Tuesday, July 9th. Finally, CIBC raised their price objective on shares of Sandstorm Gold from $9.00 to $9.50 and gave the company a “neutral” rating in a research report on Wednesday, July 10th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $9.04.

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.