Sandstorm Gold (SSL) Set to Announce Earnings on Thursday

Sandstorm Gold (TSE:SSL) is scheduled to release its earnings data after the market closes on Thursday, May 2nd. Analysts expect Sandstorm Gold to post earnings of C$0.01 per share for the quarter.

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

Sandstorm Gold Stock Performance

Shares of TSE SSL opened at C$7.37 on Thursday. The company has a market cap of C$2.20 billion, a PE ratio of 38.79, a price-to-earnings-growth ratio of 0.90 and a beta of 1.03. Sandstorm Gold has a 12 month low of C$5.36 and a 12 month high of C$8.38. The company has a debt-to-equity ratio of 29.92, a current ratio of 3.32 and a quick ratio of 1.17. The company has a 50-day simple moving average of C$6.61 and a 200-day simple moving average of C$6.50.

Sandstorm Gold Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, April 26th. Stockholders of record on Friday, April 26th will be issued a dividend of $0.02 per share. The ex-dividend date of this dividend is Monday, April 15th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 1.09%. Sandstorm Gold’s dividend payout ratio (DPR) is presently 42.11%.

Insider Transactions at Sandstorm Gold

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

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. TD Securities lowered their target price on shares of 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. CIBC boosted their target price on shares of Sandstorm Gold from C$8.00 to C$9.00 in a report on Monday, April 15th. Finally, Canaccord Genuity Group boosted their target price on shares of Sandstorm Gold from C$10.00 to C$10.50 in a report on Tuesday.

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.