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

Sandstorm Gold Ltd. (TSE:SSL) announced a quarterly dividend on Thursday, March 28th, Zacks reports. Shareholders 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 yield of 1.13%. The ex-dividend date is Monday, April 15th.

Sandstorm Gold Stock Up 1.6 %

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

Sandstorm Gold (TSE:SSL) last announced its earnings results on Thursday, February 15th. The company reported C$0.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.03 by C$0.08. The company had revenue of C$60.59 million for the quarter, compared to analyst estimates of C$62.51 million. Sandstorm Gold had a return on equity of 2.95% and a net margin of 23.22%. As a group, research analysts forecast that Sandstorm Gold will post 0.0943581 EPS for the current year.

Wall Street Analyst Weigh In

SSL has been the subject of several recent research reports. Canaccord Genuity Group lowered their price target on 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 report on Wednesday, February 14th.

Insider Transactions at Sandstorm Gold

In other news, Director Nolan Allan Watson bought 7,800 shares of the business’s stock in a transaction on Tuesday, March 12th. The shares were bought at an average cost of C$6.39 per share, for a total transaction of C$49,826.40. 1.22% of the stock is 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.