Sandstorm Gold Ltd. (SAND) To Go Ex-Dividend on January 21st

Sandstorm Gold Ltd. (NYSE:SAND) declared a quarterly dividend on Thursday, December 19th,RTT News reports. Investors of record on Tuesday, January 21st will be given a dividend of 0.02 per share on Friday, January 31st. This represents a $0.08 annualized dividend and a dividend yield of 1.40%. The ex-dividend date of this dividend is Tuesday, January 21st. This is a boost from Sandstorm Gold’s previous quarterly dividend of $0.02.

Sandstorm Gold has a payout ratio of 26.1% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Sandstorm Gold to earn $0.20 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 30.0%.

Sandstorm Gold Trading Up 0.4 %

Shares of NYSE:SAND opened at $5.71 on Friday. The company has a market capitalization of $1.69 billion, a P/E ratio of 47.55 and a beta of 1.10. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.29 and a quick ratio of 2.29. The business’s 50 day simple moving average is $5.62 and its 200 day simple moving average is $5.74. Sandstorm Gold has a 1 year low of $3.96 and a 1 year high of $6.50.

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

Wall Street Analyst Weigh In

SAND has been the topic of several analyst reports. HC Wainwright increased their price target on shares of Sandstorm Gold from $11.50 to $12.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. StockNews.com downgraded Sandstorm Gold from a “buy” rating to a “hold” rating in a report on Thursday, November 14th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, Sandstorm Gold presently has an average rating of “Hold” and a consensus target price of $8.50.

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.