Sandstorm Gold (SSL) to Release Quarterly Earnings on Thursday

Sandstorm Gold (TSE:SSL) will announce its earnings results after the market closes on Thursday, May 2nd. Analysts expect the company to announce earnings of C$0.02 per share for the quarter.

Sandstorm Gold (TSE:SSL) last released its quarterly earnings data on Thursday, February 15th. The company reported C$0.11 EPS for the quarter, topping the consensus estimate of C$0.03 by C$0.08. Sandstorm Gold had a return on equity of 2.95% and a net margin of 23.22%. The company had revenue of C$60.59 million during the quarter, compared to the consensus estimate of C$62.51 million.

Sandstorm Gold Price Performance

TSE SSL opened at C$7.73 on Tuesday. Sandstorm Gold has a one year low of C$5.36 and a one year high of C$8.38. The stock has a 50-day moving average of C$6.78 and a 200 day moving average of C$6.54. The company has a market capitalization of C$2.30 billion, a price-to-earnings ratio of 40.68, a PEG ratio of 0.90 and a beta of 1.03. The company has a debt-to-equity ratio of 29.92, a quick ratio of 1.17 and a current ratio of 3.32.

Sandstorm Gold Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 26th. Investors of record on Friday, April 26th were issued a $0.02 dividend. The ex-dividend date of this dividend was Monday, April 15th. This represents a $0.08 annualized dividend and a yield of 1.03%. Sandstorm Gold’s payout ratio is 42.11%.

Insider Buying and Selling at Sandstorm Gold

In other news, Director Nolan Allan Watson purchased 27,200 shares of the business’s stock in a transaction on Monday, April 15th. The stock was acquired at an average cost of C$7.33 per share, for a total transaction of C$199,376.00. Corporate insiders own 1.22% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Canaccord Genuity Group lifted their price objective on Sandstorm Gold from C$10.00 to C$10.50 in a report on Tuesday, April 23rd. TD Securities reduced their price objective on Sandstorm Gold from C$8.00 to C$7.00 and set a “buy” rating for the company in a report on Wednesday, February 14th. Finally, CIBC boosted their price target on Sandstorm Gold from C$8.00 to C$9.00 in a research note on Monday, April 15th.

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.