Sandstorm Gold (SSL) Set to Announce Earnings on Thursday

Sandstorm Gold (TSE:SSL) is set to announce its earnings results after the market closes on Thursday, May 2nd. Analysts expect the company to announce earnings of C$0.01 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 for the quarter, beating analysts’ consensus estimates of C$0.03 by C$0.08. The company had revenue of C$60.59 million during 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%.

Sandstorm Gold Price Performance

Shares of SSL stock opened at C$7.37 on Thursday. The stock has a 50-day moving average price of C$6.61 and a 200 day moving average price of C$6.50. The company has a quick ratio of 1.17, a current ratio of 3.32 and a debt-to-equity ratio of 29.92. The firm has a market cap of C$2.20 billion, a price-to-earnings ratio of 38.79, a PEG 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.

Sandstorm Gold Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 26th. Investors of record on Friday, April 26th will be given a $0.02 dividend. The ex-dividend date of this dividend is Monday, April 15th. This represents a $0.08 dividend on an annualized basis and a yield of 1.09%. Sandstorm Gold’s payout ratio is 42.11%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on SSL. CIBC lifted their price objective on Sandstorm Gold from C$8.00 to C$9.00 in a research report on Monday, April 15th. TD Securities lowered their price objective on Sandstorm Gold from C$8.00 to C$7.00 and set a “buy” rating for the company in a research report on Wednesday, February 14th. Finally, Canaccord Genuity Group lifted their price objective on Sandstorm Gold from C$10.00 to C$10.50 in a research report on Tuesday.

Insider Transactions at Sandstorm Gold

In related news, Director Nolan Allan Watson bought 27,200 shares of the firm’s stock in a transaction dated Monday, April 15th. The stock was bought at an average cost of C$7.33 per share, for a total transaction of C$199,376.00. Corporate insiders own 1.22% 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.