Sandstorm Gold Ltd. (NYSE:SAND) Plans Quarterly Dividend of $0.02

Sandstorm Gold Ltd. (NYSE:SAND) announced a quarterly dividend on Thursday, December 19th,RTT News reports. Stockholders of record on Tuesday, January 21st will be paid a dividend of 0.02 per share on Friday, January 31st. This represents a $0.08 annualized dividend and a dividend yield of 1.48%. This is a positive change from Sandstorm Gold’s previous quarterly dividend of $0.02.

Sandstorm Gold has a payout ratio of 30.0% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Sandstorm Gold to earn $0.19 per share next year, which means the company should continue to be able to cover its $0.06 annual dividend with an expected future payout ratio of 31.6%.

Sandstorm Gold Price Performance

Sandstorm Gold stock opened at $5.39 on Friday. Sandstorm Gold has a 12-month low of $3.96 and a 12-month high of $6.50. The company has a current ratio of 2.29, a quick ratio of 2.29 and a debt-to-equity ratio of 0.26. The firm has a 50-day moving average price of $5.82 and a 200-day moving average price of $5.71. The firm has a market capitalization of $1.60 billion, a PE ratio of 44.92 and a beta of 1.11.

Sandstorm Gold (NYSE:SAND) last released its earnings results on Thursday, November 7th. The company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.01). Sandstorm Gold had a net margin of 20.46% and a return on equity of 2.44%. The business had revenue of $44.70 million for the quarter, compared to the consensus estimate of $44.70 million. As a group, equities research analysts forecast that Sandstorm Gold will post 0.09 EPS for the current year.

Analyst Ratings Changes

Several brokerages recently issued reports on SAND. HC Wainwright increased their price objective on Sandstorm Gold from $11.50 to $12.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Royal Bank of Canada cut their price target on shares of Sandstorm Gold from $6.50 to $6.00 and set an “outperform” rating on the stock in a research note on Tuesday, September 10th. Finally, StockNews.com cut shares of Sandstorm Gold from a “buy” rating to a “hold” rating in a research note on Thursday, November 14th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $8.50.

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.