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

Sandstorm Gold Ltd. (TSE:SSL) announced a quarterly dividend on Wednesday, September 25th, Zacks reports. Stockholders of record on Tuesday, October 15th will be paid a dividend of 0.02 per share on Friday, October 25th. This represents a $0.08 annualized dividend and a dividend yield of 0.95%. The ex-dividend date of this dividend is Tuesday, October 15th.

Sandstorm Gold Trading Down 0.9 %

SSL stock opened at C$8.43 on Friday. Sandstorm Gold has a 52 week low of C$5.36 and a 52 week high of C$8.58. The company has a market cap of C$2.51 billion, a price-to-earnings ratio of 60.21, a PEG ratio of 0.90 and a beta of 1.11. The company has a quick ratio of 1.17, a current ratio of 1.99 and a debt-to-equity ratio of 26.63. The business has a fifty day simple moving average of C$7.74 and a 200-day simple moving average of C$7.56.

Sandstorm Gold (TSE:SSL) last announced its quarterly earnings results on Thursday, August 1st. The company reported C$0.04 EPS for the quarter, topping the consensus estimate of C$0.03 by C$0.01. The company had revenue of C$56.61 million during the quarter, compared to analyst estimates of C$55.48 million. Sandstorm Gold had a return on equity of 2.15% and a net margin of 17.55%. On average, equities research analysts expect that Sandstorm Gold will post 0.2187098 EPS for the current year.

Analysts Set New Price Targets

SSL has been the topic of several research reports. TD Securities raised their price target on shares of Sandstorm Gold from C$9.50 to C$10.00 in a report on Monday, July 22nd. Canaccord Genuity Group raised their target price on shares of Sandstorm Gold from C$10.50 to C$11.00 in a research note on Tuesday, July 23rd. Finally, CIBC upped their price target on shares of Sandstorm Gold from C$9.00 to C$9.50 in a research report on Wednesday, July 10th.

Sandstorm Gold Company Profile

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.