Sandstorm Gold (TSE:SSL) Releases Earnings Results, Misses Estimates By $0.02 EPS

Sandstorm Gold (TSE:SSL) announced its quarterly earnings data on Thursday. The company reported C$0.03 earnings per share for the quarter, missing the consensus estimate of C$0.05 by C($0.02), reports. Sandstorm Gold had a return on equity of 2.15% and a net margin of 17.55%. The business had revenue of C$60.98 million for the quarter, compared to the consensus estimate of C$61.69 million.

Sandstorm Gold Trading Down 8.7 %

SSL opened at C$8.01 on Friday. The company’s 50 day moving average price is C$8.18 and its two-hundred day moving average price is C$7.82. The firm has a market capitalization of C$2.38 billion, a price-to-earnings ratio of 57.21, a PEG ratio of 0.90 and a beta of 1.11. Sandstorm Gold has a fifty-two week low of C$5.36 and a fifty-two week high of C$8.98. The company has a debt-to-equity ratio of 26.63, a current ratio of 1.99 and a quick ratio of 1.17.

Sandstorm Gold Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 25th. Investors of record on Friday, October 25th were given a dividend of $0.02 per share. The ex-dividend date was Tuesday, October 15th. This represents a $0.08 annualized dividend and a yield of 1.00%. Sandstorm Gold’s dividend payout ratio is presently 57.14%.

Analyst Ratings Changes

SSL has been the subject of a number of research reports. TD Securities increased their target price on shares of Sandstorm Gold from C$10.00 to C$11.00 in a report on Friday, October 18th. Canaccord Genuity Group increased their price objective on shares of Sandstorm Gold from C$10.50 to C$11.00 in a research note on Tuesday, July 23rd. Stifel Nicolaus boosted their target price on shares of Sandstorm Gold from C$10.25 to C$11.00 in a research note on Monday, October 21st. Finally, CIBC raised their price objective on Sandstorm Gold from C$9.50 to C$10.00 in a report on Friday.

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.