Sandstorm Gold (NYSE:SAND) Stock Price Down 9.8% After Earnings Miss

Shares of Sandstorm Gold Ltd. (NYSE:SAND) dropped 9.8% on Wednesday following a dissappointing earnings announcement. The company traded as low as $5.82 and last traded at $5.85. Approximately 1,624,994 shares were traded during mid-day trading, a decline of 69% from the average daily volume of 5,260,163 shares. The stock had previously closed at $6.48.

The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.04 by ($0.03). Sandstorm Gold had a return on equity of 2.44% and a net margin of 20.46%. The company had revenue of $47.40 million for the quarter, compared to the consensus estimate of $67.49 million. During the same period in the previous year, the business posted ($0.04) EPS.

Sandstorm Gold Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Tuesday, January 21st were paid a $0.02 dividend. This is a boost from Sandstorm Gold’s previous quarterly dividend of $0.02. The ex-dividend date of this dividend was Tuesday, January 21st. This represents a $0.08 annualized dividend and a dividend yield of 1.37%. Sandstorm Gold’s dividend payout ratio is presently 50.00%.

Wall Street Analysts Forecast Growth

SAND has been the topic of several research analyst reports. HC Wainwright lowered their target price on shares of Sandstorm Gold from $12.00 to $11.50 and set a “buy” rating on the stock in a research note on Wednesday. StockNews.com cut shares of Sandstorm Gold from a “buy” rating to a “hold” rating in a research report on Thursday, February 13th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, Sandstorm Gold has an average rating of “Hold” and a consensus price target of $8.38.

Institutional Investors Weigh In On Sandstorm Gold

Institutional investors have recently modified their holdings of the stock. Private Advisor Group LLC boosted its holdings in shares of Sandstorm Gold by 2.2% during the 3rd quarter. Private Advisor Group LLC now owns 314,963 shares of the company’s stock worth $1,890,000 after buying an additional 6,669 shares during the period. Allworth Financial LP bought a new stake in Sandstorm Gold during the third quarter valued at about $60,000. Pullen Investment Management LLC grew its position in shares of Sandstorm Gold by 14.0% in the third quarter. Pullen Investment Management LLC now owns 125,360 shares of the company’s stock valued at $752,000 after purchasing an additional 15,384 shares during the last quarter. Intact Investment Management Inc. increased its stake in shares of Sandstorm Gold by 195.0% in the third quarter. Intact Investment Management Inc. now owns 130,100 shares of the company’s stock worth $781,000 after purchasing an additional 86,000 shares during the period. Finally, Aigen Investment Management LP increased its position in Sandstorm Gold by 32.4% in the 3rd quarter. Aigen Investment Management LP now owns 42,385 shares of the company’s stock worth $254,000 after buying an additional 10,363 shares during the period. Institutional investors and hedge funds own 51.97% of the company’s stock.

Sandstorm Gold Trading Down 9.6 %

The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.29 and a current ratio of 2.29. The company’s 50 day moving average is $5.81 and its 200 day moving average is $5.80. The stock has a market capitalization of $1.74 billion, a price-to-earnings ratio of 48.79 and a beta of 1.10.

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.