Sandstorm Gold (SAND) to Release Earnings on Thursday

Sandstorm Gold (NYSE:SAND) is anticipated to announce its results before the market opens on Thursday, November 6th. Analysts expect the company to announce earnings of $0.05 per share for the quarter.

Sandstorm Gold (NYSE:SAND) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.05 EPS for the quarter, hitting the consensus estimate of $0.05. The firm had revenue of $51.42 million during the quarter, compared to the consensus estimate of $68.43 million. Sandstorm Gold had a return on equity of 2.38% and a net margin of 17.78%. 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 Stock Performance

Shares of Sandstorm Gold stock opened at $12.16 on Thursday. The company has a market cap of $3.59 billion, a PE ratio of 101.29 and a beta of 0.51. Sandstorm Gold has a 52 week low of $5.33 and a 52 week high of $13.09. The business has a 50 day moving average price of $11.90 and a 200-day moving average price of $10.15. The company has a quick ratio of 2.40, a current ratio of 2.40 and a debt-to-equity ratio of 0.22.

Sandstorm Gold Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 7th. Investors of record on Friday, September 26th were given a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend was Friday, September 26th. Sandstorm Gold’s dividend payout ratio (DPR) is presently 41.67%.

Institutional Investors Weigh In On Sandstorm Gold

Large investors have recently added to or reduced their stakes in the business. Benjamin Edwards Inc. bought a new stake in Sandstorm Gold during the second quarter valued at $220,000. Osaic Holdings Inc. boosted its stake in Sandstorm Gold by 7.5% during the second quarter. Osaic Holdings Inc. now owns 25,275 shares of the company’s stock valued at $238,000 after buying an additional 1,769 shares during the period. Creative Planning raised its position in Sandstorm Gold by 6.9% during the second quarter. Creative Planning now owns 25,671 shares of the company’s stock valued at $241,000 after purchasing an additional 1,646 shares in the last quarter. Balyasny Asset Management L.P. purchased a new stake in Sandstorm Gold during the second quarter valued at about $491,000. Finally, Royal Bank of Canada raised its position in Sandstorm Gold by 12.3% during the first quarter. Royal Bank of Canada now owns 65,526 shares of the company’s stock valued at $494,000 after purchasing an additional 7,189 shares in the last quarter. Institutional investors own 51.97% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on SAND. Weiss Ratings reissued a “hold (c+)” rating on shares of Sandstorm Gold in a report on Tuesday, October 14th. Stifel Canada lowered Sandstorm Gold from a “strong-buy” rating to a “hold” rating in a report on Monday, July 21st. Finally, TD Securities lowered Sandstorm Gold from a “buy” rating to a “sell” rating and set a $14.00 price objective for the company. in a report on Thursday, July 10th. Four equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Sandstorm Gold currently has an average rating of “Hold” and a consensus target price of $10.15.

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.