Sandstorm Gold (SAND) Set to Announce Quarterly Earnings on Thursday

Sandstorm Gold (NYSE:SAND) is scheduled to be announcing its earnings results after the market closes on Thursday, November 7th. Analysts expect the company to announce earnings of $0.04 per share for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

Sandstorm Gold (NYSE:SAND) last announced its earnings results on Thursday, August 1st. The company reported $0.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.01. The business had revenue of $41.37 million for the quarter, compared to analysts’ expectations of $40.50 million. Sandstorm Gold had a return on equity of 2.06% and a net margin of 17.55%. During the same period last year, the firm posted $0.01 earnings per share. On average, analysts expect Sandstorm Gold to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Sandstorm Gold Trading Down 1.0 %

Shares of NYSE:SAND opened at $6.05 on Thursday. The stock has a market capitalization of $1.80 billion, a price-to-earnings ratio of 60.50 and a beta of 1.14. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.99 and a current ratio of 1.99. The stock’s 50-day simple moving average is $5.93 and its two-hundred day simple moving average is $5.69. Sandstorm Gold has a 52-week low of $3.96 and a 52-week high of $6.50.

Sandstorm Gold Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 25th. Shareholders of record on Tuesday, October 15th were given a $0.015 dividend. This represents a $0.06 annualized dividend and a yield of 0.99%. This is a boost from Sandstorm Gold’s previous quarterly dividend of $0.01. The ex-dividend date was Tuesday, October 15th. Sandstorm Gold’s dividend payout ratio (DPR) is presently 50.00%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on SAND shares. CIBC raised their target price on Sandstorm Gold from $9.00 to $9.50 and gave the stock a “neutral” rating in a research report on Wednesday, July 10th. HC Wainwright lifted their price objective on Sandstorm Gold from $11.00 to $11.50 and gave the company a “buy” rating in a research report on Monday, August 5th. StockNews.com raised Sandstorm Gold from a “hold” rating to a “buy” rating in a research report on Friday, September 27th. Finally, Royal Bank of Canada lowered their price objective on Sandstorm Gold from $6.50 to $6.00 and set an “outperform” rating on the stock in a research report on Tuesday, September 10th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Sandstorm Gold has an average rating of “Moderate Buy” and a consensus target price of $8.25.

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.