Sandstorm Gold (SSL) Set to Announce Earnings on Thursday

Sandstorm Gold (TSE:SSL) will be releasing its earnings data after the market closes on Thursday, May 2nd. Analysts expect Sandstorm Gold to post earnings of C$0.02 per share for the quarter.

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 business had revenue of C$60.59 million during the quarter, compared to analysts’ expectations of C$62.51 million. Sandstorm Gold had a net margin of 23.22% and a return on equity of 2.95%.

Sandstorm Gold Trading Down 2.7 %

Shares of Sandstorm Gold stock opened at C$7.52 on Wednesday. The stock has a market capitalization of C$2.24 billion, a P/E ratio of 39.58, a price-to-earnings-growth ratio of 0.90 and a beta of 1.09. The company has a quick ratio of 1.17, a current ratio of 3.32 and a debt-to-equity ratio of 31.19. The company has a 50-day simple moving average of C$6.81 and a 200 day simple moving average of C$6.55. Sandstorm Gold has a 12-month low of C$5.36 and a 12-month high of C$8.38.

Sandstorm Gold Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, April 26th. Investors of record on Friday, April 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 1.06%. The ex-dividend date was Monday, April 15th. Sandstorm Gold’s dividend payout ratio (DPR) is currently 42.11%.

Wall Street Analysts Forecast Growth

SSL has been the topic of a number of research analyst reports. CIBC increased their price objective on shares of Sandstorm Gold from C$8.00 to C$9.00 in a report on Monday, April 15th. Canaccord Genuity Group increased their price objective on shares of Sandstorm Gold from C$10.00 to C$10.50 in a report on Tuesday, April 23rd. Finally, TD Securities decreased 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 Activity

In other Sandstorm Gold news, Director Nolan Allan Watson bought 7,800 shares of Sandstorm Gold stock in a transaction dated Tuesday, March 12th. The shares were bought at an average price of C$6.39 per share, with a total value of C$49,826.40. Insiders own 1.23% of the company’s stock.

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.