Sandstorm Gold (TSE:SSL) Posts Quarterly Earnings Results, Misses Expectations By $0.02 EPS

Sandstorm Gold (TSE:SSL) posted its quarterly earnings data on Thursday. The company reported C$0.03 EPS for the quarter, missing analysts’ consensus estimates of C$0.05 by C($0.02), reports. Sandstorm Gold had a return on equity of 2.15% and a net margin of 17.55%. The firm had revenue of C$60.98 million during the quarter, compared to analyst estimates of C$61.69 million.

Sandstorm Gold Stock Performance

Shares of TSE SSL opened at C$8.01 on Friday. The company has a debt-to-equity ratio of 26.63, a current ratio of 1.99 and a quick ratio of 1.17. Sandstorm Gold has a one year low of C$5.36 and a one year high of C$8.98. The business’s 50-day moving average price is C$8.18 and its two-hundred day moving average price is C$7.82. The company has a market capitalization of C$2.38 billion, a P/E ratio of 57.21, a price-to-earnings-growth ratio of 0.90 and a beta of 1.11.

Sandstorm Gold Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 25th. Investors of record on Friday, October 25th were issued a dividend of $0.02 per share. The ex-dividend date was Tuesday, October 15th. This represents a $0.08 annualized dividend and a dividend yield of 1.00%. Sandstorm Gold’s dividend payout ratio is 57.14%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on SSL shares. TD Securities increased their target price on Sandstorm Gold from C$10.00 to C$11.00 in a report on Friday, October 18th. Stifel Nicolaus increased their price objective on Sandstorm Gold from C$10.25 to C$11.00 in a research note on Monday, October 21st. CIBC lifted their target price on Sandstorm Gold from C$9.50 to C$10.00 in a research note on Friday. Finally, Canaccord Genuity Group upped their target price on Sandstorm Gold from C$10.50 to C$11.00 in a report on Tuesday, July 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.