Sandstorm Gold (SAND) to Release Quarterly Earnings on Thursday

Sandstorm Gold (NYSE:SANDGet Free Report) will be releasing its earnings data after the market closes on Thursday, February 15th. Analysts expect Sandstorm Gold to post earnings of $0.02 per share for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

Sandstorm Gold Trading Up 1.4 %

Shares of Sandstorm Gold stock opened at $4.46 on Tuesday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.90 and a current ratio of 1.90. The company has a market cap of $1.33 billion, a P/E ratio of 89.20 and a beta of 1.11. The firm has a 50-day simple moving average of $4.80 and a two-hundred day simple moving average of $4.90. Sandstorm Gold has a fifty-two week low of $4.27 and a fifty-two week high of $6.31.

Sandstorm Gold Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 26th. Investors of record on Tuesday, January 16th were given a $0.0149 dividend. This represents a $0.06 annualized dividend and a yield of 1.34%. This is a positive change from Sandstorm Gold’s previous quarterly dividend of $0.01. The ex-dividend date of this dividend was Friday, January 12th. Sandstorm Gold’s dividend payout ratio is presently 120.00%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in SAND. Envestnet Asset Management Inc. lifted its holdings in Sandstorm Gold by 21.0% during the 3rd quarter. Envestnet Asset Management Inc. now owns 16,655 shares of the company’s stock worth $86,000 after buying an additional 2,886 shares in the last quarter. IHT Wealth Management LLC purchased a new stake in shares of Sandstorm Gold during the third quarter worth $82,000. Cerity Partners LLC acquired a new stake in shares of Sandstorm Gold in the first quarter valued at $73,000. Northern Trust Corp purchased a new position in Sandstorm Gold in the second quarter valued at $72,000. Finally, Cetera Advisor Networks LLC boosted its holdings in Sandstorm Gold by 30.8% in the second quarter. Cetera Advisor Networks LLC now owns 14,023 shares of the company’s stock valued at $72,000 after purchasing an additional 3,300 shares during the period. Hedge funds and other institutional investors own 53.88% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on SAND shares. raised shares of Sandstorm Gold from a “sell” rating to a “hold” rating in a research report on Friday, November 10th. HC Wainwright dropped their target price on shares of Sandstorm Gold from $13.00 to $10.75 and set a “buy” rating for the company in a report on Tuesday, November 7th. Finally, Raymond James cut their target price on Sandstorm Gold from $8.00 to $7.75 and set an “outperform” rating on the stock in a research report on Wednesday, December 13th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $9.46.

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Sandstorm Gold Company Profile

(Get Free Report)

Sandstorm Gold Ltd. operates as a gold royalty company. The company focuses on acquiring royalties and gold and other metals purchase agreements (streams) from companies that have advanced stage development projects or operating mines. It offers upfront payments for companies to acquire a stream or royalty and receives the right to purchase a percentage of a mine's production for the life of the mine at a fixed price per unit or at a fixed percentage of the spot price.

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Earnings History for Sandstorm Gold (NYSE:SAND)

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