Sandstorm Gold Ltd. (NYSE:SAND) Declares Dividend Increase – $0.02 Per Share

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 paid a dividend of 0.02 per share on Friday, January 31st. This represents a $0.08 annualized dividend and a yield of 1.49%. This is an increase from Sandstorm Gold’s previous quarterly dividend of $0.02.

Sandstorm Gold has a dividend payout ratio of 30.0% indicating that its dividend is sufficiently covered by earnings. 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

Shares of SAND stock opened at $5.36 on Friday. The stock has a 50 day moving average price of $5.83 and a 200 day moving average price of $5.72. Sandstorm Gold has a 52-week low of $3.96 and a 52-week high of $6.50. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.29 and a current ratio of 2.29. The firm has a market capitalization of $1.59 billion, a P/E ratio of 44.67 and a beta of 1.11.

Sandstorm Gold (NYSE:SAND) last issued 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 return on equity of 2.44% and a net margin of 20.46%. The company had revenue of $44.70 million during the quarter, compared to the consensus estimate of $44.70 million. As a group, sell-side analysts predict that Sandstorm Gold will post 0.09 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have weighed in on SAND shares. Royal Bank of Canada lowered their target price on Sandstorm Gold from $6.50 to $6.00 and set an “outperform” rating for the company in a report on Tuesday, September 10th. StockNews.com cut shares of Sandstorm Gold from a “buy” rating to a “hold” rating in a research report on Thursday, November 14th. Finally, HC Wainwright lifted their price objective on shares of Sandstorm Gold from $11.50 to $12.00 and gave the company a “buy” rating in a report on Monday, November 11th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, Sandstorm Gold 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.