Sandstorm Gold Ltd. Declares Quarterly Dividend of $0.02 (TSE:SSL)

Sandstorm Gold Ltd. (TSE:SSL) announced a quarterly dividend on Thursday, March 28th, Zacks reports. Investors of record on Tuesday, April 16th will be given a dividend of 0.02 per share on Friday, April 26th. This represents a $0.08 annualized dividend and a dividend yield of 1.13%. The ex-dividend date is Monday, April 15th.

Sandstorm Gold Trading Up 1.6 %

Shares of Sandstorm Gold stock opened at C$7.10 on Friday. The company has a market cap of C$2.12 billion, a price-to-earnings ratio of 37.37, a PEG ratio of 0.90 and a beta of 1.03. Sandstorm Gold has a 1 year low of C$5.36 and a 1 year high of C$8.45. The company’s fifty day simple moving average is C$6.17 and its 200-day simple moving average is C$6.41. The company has a current ratio of 3.32, a quick ratio of 1.17 and a debt-to-equity ratio of 29.92.

Sandstorm Gold (TSE:SSL) last announced its earnings results 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 business had revenue of C$60.59 million for the quarter, compared to the consensus estimate of C$62.51 million. As a group, sell-side analysts expect that Sandstorm Gold will post 0.0943581 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages recently weighed in on SSL. Canaccord Genuity Group reduced their target price on shares of Sandstorm Gold from C$9.00 to C$8.75 in a research note on Wednesday, December 6th. TD Securities dropped their price objective on shares of Sandstorm Gold from C$8.00 to C$7.00 and set a “buy” rating on the stock in a research report on Wednesday, February 14th.

Insider Buying and Selling

In other news, Director Nolan Allan Watson bought 7,800 shares of the firm’s stock in a transaction on Tuesday, March 12th. The stock was acquired at an average cost of C$6.39 per share, with a total value of C$49,826.40. 1.22% of the stock is currently owned by corporate insiders.

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.